Are futures traders legal?

They are all legal, but if there are irregularities in the implementation, such as not having qualifications or accepting full authorization (not having investment qualifications, etc.), it will be illegal. ).

There are four authorized futures exchanges in China: Shanghai Futures Exchange, Dalian Commodity Exchange, CICC and Zhengzhou Commodity Exchange.

1. Dalian Commodity Exchange (English Dalian Commodity Exchange, abbreviated as DCE) was established on February 28th, 1993. It is one of the four futures exchanges approved by the State Council and the only futures exchange in Northeast China.

By the end of 20 16, Dashang had 66 member units 166, 247 designated delivery warehouses, and 2.737 million investors opened accounts, including 82 1 10,000 corporate customers. In 20 16 years, the annual turnover and turnover of the big commercial firm reached15.37 million lots and 6 1.4 1 trillion yuan respectively. Dashang is the largest futures market for oil, plastics, coal, iron ore and agricultural products in the world.

2. Zhengzhou Commodity Exchange (hereinafter referred to as Zhengshang Institute) was established in 1990, 10, 12, which is the first domestic pilot unit of futures market approved by the State Council. After two years of successful spot trading, futures trading was officially launched on May 28th. 1993. It is one of the four major futures exchanges in China and is under the vertical management of China Securities Regulatory Commission.

The varieties listed in Zhengzhou Commodity Exchange are: white sugar -SRPTA-TA cotton-CF strong wheat-WS hard wheat-WT indica rice-ER methanol-ME.

3. With the consent of the State Council and the approval of China Securities Regulatory Commission, China Financial Futures Exchange (CFFEX) was established in Shanghai on September 8, 2006 by Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange.

4. Shanghai Futures Exchange (SHFE) is a legal person established in accordance with relevant laws and regulations. It performs the functions stipulated in relevant laws and regulations, implements self-discipline management according to its articles of association, and is subject to centralized and unified supervision and management by China Securities Regulatory Commission.

At present, there are gold, silver, copper, aluminum, zinc, lead, rebar, wire rod, fuel oil, natural rubber, asphalt and other futures contracts 1 1.