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【知识科普】股指期货合约是如何命名规则的?
Sou Hu Cai Jing· 2025-07-09 23:06
财顺小编本文主要介绍股指期货合约是如何命名规则的?股指期货合约的命名规则通常围绕标的指数、到期时间、合约类型等核心要素设计,不同市场的命 名逻辑略有差异,但核心逻辑一致。 股指期货合约是如何命名规则的? 一、通用命名逻辑 股指期货合约的名称或代码通常由以下部分组成: 1. 标的指数标识:明确合约跟踪的股票指数(如沪深300、标普500、日经225等); 3. 合约类型(可选):部分市场会区分主力合约、连续合约等(但官方命名通常不体现,多为交易软件中的俗称)。 二、具体市场案例 (一)内地(中金所) 中国金融期货交易所(CFFEX)的股指期货命名规则最典型,以"指数代码+到期年份后两位+到期月份"为核心结构,同时用特定字母代码区分不同指数。 2. 到期时间标识:标注合约的到期月份和年份(关键区分要素); 1. 指数代码(首字母缩写) 中金所目前有4个股指期货品种,代码分别为: IF:沪深300股指期货(Index Future,沪深300指数); 合约代码的后四位为"年份后两位+月份",例如: IF2406:表示沪深300股指期货,2024年6月到期; IC2503:表示中证500股指期货,2025年3月到期。 ...
中东局势升级,CTA紧急回补原油空头,大举做空美元、做多黄金
Hua Er Jie Jian Wen· 2025-06-16 08:47
Group 1: Oil Market Insights - Trend-following strategies (CTA) are shifting focus to shorting the dollar and going long on gold after a significant short covering in crude oil [1] - WTI crude oil futures surged 13% last week, with a notable 4.9% increase on Wednesday driven partly by forced large-scale liquidations by trend followers [1][4] - Geopolitical factors, such as Israel's strikes on Iran, contributed to the recent price surge, indicating a potential positive trend for crude oil futures in the medium term [4] Group 2: Currency Market Dynamics - The dollar's short positions are nearing extreme levels, with CTAs showing strong consensus on shorting the dollar against the euro, pound, and Mexican peso [6] - Current dollar positions have not yet reached liquidation trigger levels, but a sharp rebound in the dollar could pose risks [11] - The extreme bearish positioning on the dollar reflects deep market pessimism, which could lead to a chain reaction if large-scale liquidations occur [11] Group 3: Gold Market Positioning - Gold is positioned as a key asset in CTA's portfolio, with 100% bullish positioning across all trend models, indicating unprecedented optimism towards the precious metal [12] - Current gold prices are at $3,451 per ounce, with no sell signals triggered in various price path forecasts, reflecting concerns over inflation and geopolitical risks [14] - The one-sided positioning in gold could expose potential systemic risks, as sudden shifts in market sentiment may lead to significant price volatility [14] Group 4: Equity and Fixed Income Trends - There is a noticeable divergence in trend-following models within the equity and bond markets, with long-term models shorting Russell 2000 and Nikkei 225 futures, while short- and medium-term models are bullish on S&P 500, Nasdaq 100, and Nikkei 225 futures [15] - In fixed income, CTAs are shorting 10-year U.S. Treasury futures, while showing a more diversified approach in other global bond futures [16]