What are the registration requirements for the futures qualification examination?

Registration conditions for futures qualification examination: at least 18 years old; Having full capacity for civil conduct; Have a high school education or above; Other conditions stipulated by the China Securities Regulatory Commission.

The qualification examination for futures practitioners is an introductory examination for futures practitioners and a national qualification examination. According to the Measures for the Administration of Futures Practitioners, China Futures Association is responsible for organizing the qualification examination. The broad concept of futures also includes option contracts traded on exchanges. Most futures exchanges list both futures and options.

There are two subjects in the futures qualification examination, namely "Basic Knowledge of Futures" and "Futures Laws and Regulations". Only those who pass the two examinations can obtain the Certificate of Qualification Examination for Futures Practitioners, which is valid for a long time and can be queried or printed on the website of China Futures Association.

Futures definition

The so-called futures generally refers to futures contracts, which are standardized contracts made by futures exchanges and agreed to deliver a certain amount and quality of the subject matter at a specific time and place in the future. This subject matter, also known as the underlying asset, can be a commodity, such as copper or crude oil, a financial instrument, such as foreign exchange and bonds, or a financial indicator, such as three-month interbank offered rate or stock index.

If the buyer of a futures contract holds the contract until the expiration date, he is obliged to purchase the subject matter corresponding to the futures contract; If the seller of a futures contract holds the contract until it expires, he is obliged to sell the subject matter corresponding to the futures contract (some futures contracts do not make physical delivery when they expire, but settle the difference, for example, the expiration of stock index futures refers to the final settlement of the futures contract in the opponent according to a certain average value of the spot index).