Category: Money tips Release Date: 2006-12-18
"I have a total of more than 170 million funding, position 10 in hand, how orders can not it?" Zhuangbiao anxiously asked, "Can you normally orders it?" At this time, Shanghai and more than 4,000 medium-term customers (accounting for 80 % and above) have received a notification SMS to force lighten up.
Shortly after 10 am, Zhuangbiao suddenly found that he could not, under a single account, and then open the trade window "margin and position inquiry system." The results showed that 10 hand positions that he takes up more than 150 million bond, but under normal circumstances, 10 hand-list only take up more than 50 million yuan, how is this going on? I immediately phoned our medium-term futures company in Shanghai Opening asked questions. "We have received an early exchange of verbal warnings that investors in our company transaction exceptions, risk control measures need to be taken in advance, so that we will be at 10 o'clock after trading margin from 8% to 30%." Shanghai mid-term Yu said without hesitation.
According to reports, the last few trading days, the medium-term seats on the Shanghai trading anomalies appeared in the 0703 contracts and 0706 contracts, the seat of the trading volume of gold traded as a whole accounted for 60% and 80%. According to Kim as "risk control management approach" (draft), the Stock Exchange to implement risk-warning system. When a member or unusual transactions such as eight kinds of investors when the exchange deems necessary, and can be taken separately or simultaneously reporting requirements, talk to remind, written warning, public reprimand, the risk warning bulletin issued one or more of such measures, species, as a warning to and overcome these risks.
"Why such a large margin of increase, but also a sudden increase in the disk margin, which gives us by surprise ah." Zhuangbiao complained. "Improving the risk margin is an important means of control, but in the session, raising margin, and it suddenly increased to 30% is extremely rare kind of way." In the resolutely said, "We do a lot of investors received a telephone They said do not understand. But we take such measures are reasonable, the purpose is to enable investors to attract enough attention to realize that due to transaction exceptions, may occur at any time futures companies to increase the margin of risk. "
Under normal circumstances, futures companies to increase the margin occurred in the closed position after the increase in the intraday margin is relatively rare in risk-control method in future transactions, does not exclude futures companies the possibility of using this approach.
Yesterday, coincides with the Shanghai and Shenzhen 300 index futures trading simulation, "Full Moon", the spot market is also showing a strong surge in market, futures market, a sharp increase in risk. Shanghai sudden substantial increase in the medium-term margin initiatives, not only as investors once again laid bare for the phenomenon of full warehouse operations, but also gave the investors a good lesson "risk education courses."
"Improving margin, we found that more than 4,000 companies will be forced to force investors to pare holdings of the accounts, accounting for more than 80% of the number of accounts." In the resolutely said, "This shows that the majority of investors still have the habit of full warehouse operations, risk great! "
However, the futures companies to take this extreme measure, but also risk control measures in index futures in a drill. In the financial futures trading in a particular market environment tends to have a "cluster effect" and the "rolling effect", as more and more investors to focus attention and a variety of transactions, the huge risks to come about, this the stock market crash in 1987, had occurred. In advance to take measures to this effect can be resolved before the occurrence of the risk.
