Zhengzhou Commodity Exchange in accordance with the state approved the establishment of the first domestic futures trading market in the model county, in the spot trading successfully operated two years later, the official implementation of stock options buying and selling transactions. One of the China Securities Regulatory Commission stock options trading group of companies. Zheng Shang's purpose is to provide public **** place, supporting equipment and other services for stock options trading centralized bidding buying and selling transactions, strengthen the responsibility to bear the stock options trading manipulation of the Interim Provisions and stock options trading company management norms and standards for the duties of the position, not for profit, in accordance with the statute of the Zhengzhou Commodity Exchange to implement the conscientious supervision of the duties of the person in charge of the enterprise.
Zheng Shang has implemented stock options trading categories such as winter wheat, mung beans, green beans, cotton yarn and peanut kernels in turn. The trading categories licensed by the China Securities Regulatory Commission (CSRC) mainly include winter wheat, cotton, sugar and purified terephthalic acid (PTA), and winter wheat mainly includes high-quality strong-gluten wheat and hard winter (the new national standard ordinary). Until the end of 2005, Zhengshang*** traded 440,810,000 lots of stock options, with an order value of 138,261,000,000 yuan. from 1997 to 1999, Zhengshang ranked first in the country in terms of stock options trading volume for three terms, and its market share could reach around 50 percent. The global quotation system has been listed in Zhengzhou winter wheat and cotton futures, when the discovery of future prices, hedging and other aspects play an important role.
The Zhengzhou Stock Exchange has fast, efficient, safe and reliable computer trading software. Performance indicators of excellent real-time aggregation system distributed in major cities in China's remote operation of the purchase and sale of trading end-users, full-featured clearing, delivery, risk monitoring, information dissemination and member services system software from the technology to ensure the safe operation of stock options trading. The newly developed four-phase computerized trading software has the functions of accommodating multiple order types and supporting two-way quotes for options and market-making business. Disaster backup system software, hot backup system software has long been regarded as an overall plan to realize the soundness and perfection of the system used by the futures exchange.
The Zhengshang Exchange implements a security deposit system, a daily up-and-down stop system, a daily debt-free clearing system, and uses selected clearing banks to fully clear members' daily purchase and sale transactions. The Zhenggang Stock Exchange implements a physical delivery mechanism, whereby open positions must be fulfilled within a specified period of time upon expiration of the contract, and specific delivery warehouses of the futures exchange provide other services for both parties involved in the delivery. Zheng Shangshi uses a trading risk intelligent monitoring system and risk warning system to quantitatively analyze and forecast market capital, buying and selling transactions, positions and price trends, and to control and mitigate market risks in a timely manner.