A trader in the commodities trading market

1. What is commodity trading?

Bulk commodity trading, especially refers to the bulk commodity wholesale market specializing in electronic trading and hedging, also known as the "spot market", which is generally approved by the functional departments at or above the municipal level, and supervised and managed by the Ministry of Commerce and other relevant functional departments.

To be precise, commodity trading is actually more of an electronic transaction of commodities with the help of the Internet. According to the definition of the Commodity Electronic Trading Specification, the electronic trading of bulk commodities refers to the online spot warehouse receipt trading of bulk commodities; The electronic trading center refers to the legal person that provides traders with an e-commerce platform for spot trading in a timely manner and can provide supporting logistics services. In addition, according to the provisions of the Special Provisions on Commodity Spot Market Transactions (for Trial Implementation), the commodity spot market refers to a place or Internet trading platform established in accordance with the law to conduct open, regular or regular commodity spot trading activities by buyers and sellers, and with information, logistics and other supporting service functions.

Second, the characteristics of commodity trading.

According to the relevant provisions of the Special Provisions on Commodity Spot Market Transactions (for Trial Implementation), the main characteristics of bulk commodity trading are:

1.Trading hours are regular or regular;

2.The transaction object is the spot of the commodity, including the physical commodity, the warehouse receipt with the physical commodity as the subject matter, the negotiable bill of lading and other delivery vouchers or other trading objects stipulated by the provincial people** in accordance with the law.

3.A trading venue is a place or an Internet trading platform with supporting services such as information and logistics.

4.The transaction methods are agreement transactions, one-way bidding transactions and other transaction methods stipulated by the provincial people** in accordance with the law.

First of all, it is necessary for both parties to reach a preliminary intention off-site or directly release transaction information in the trading system, and record the name, transaction, transaction quantity, other party's seat number and agreement number; After determining the information, the two parties agree to fill in the block transaction order in their respective business departments during the trading hours, and then the block transaction handling personnel of the business department of the company enter the special block trading system and operate in accordance with the content of the order; Finally, after the trading system verifies that the block transaction meets the requirements, the transaction will be confirmed, transferred** and funds to the accounts of both parties to the transaction, and then the transaction information will be announced on the next trading day.

Extended Resources:

It is worth mentioning that there are minimum limits for large transactions, and the regulations of the Shanghai Stock Exchange and the Shenzhen Stock Exchange are different. According to the regulations of the Shanghai Stock Exchange, the number of A-shares declared in a single transaction is more than 300,000 shares (inclusive), or the transaction amount is more than RMB 2 million (inclusive); The number of B shares (Shanghai) declared in a single transaction is more than 300,000 shares (inclusive), or the transaction amount is more than US$200,000 (inclusive).

The Shenzhen Stock Exchange stipulates that the number of A-shares traded in a single transaction shall not be less than 300,000 shares, or the transaction amount shall not be less than RMB 2 million; The number of B shares in a single transaction shall not be less than 30,000 shares, or the transaction amount shall not be less than HK$200,000.

Bulk commodity trading, especially refers to the bulk commodity wholesale market specializing in electronic trading transaction hedging, also known as the spot market, such as China Peanut Business Network is approved by the municipal level or above the first functional department, and by the Ministry of Commerce and other relevant functional departments for supervision and management.

It will reduce operating costs and help companies build closer relationships with customers, suppliers and partners, increase revenue while building customer loyalty, and reduce costs by improving order processing efficiency.

Encouraged by the "first and first trial" policy given to Tianjin Binhai New Area, under the support and encouragement of the Tianjin Municipal Party Committee and the Municipal Government, and under the guidance and supervision of the Market Supervision and Administration Committee of the Exchange, Bohai Commodity Exchange adheres to the purpose of innovative services while controlling market risks. Trading varieties in the international market demand.

After two or three years of innovation and development, Bohai Commodity Exchange and East China Service Center of Bohai Commodity Exchange will develop into a multi-commodity trading center and pricing center with international influence.

With the support and guidance of Tianjin Commodity Exchange and the Market Supervision and Administration Commission of the Exchange, Bohai Commodity Exchange will uphold the service tenet of innovation, efficiency and pragmatism, resolutely implement the principle of "fairness, justice and openness" of the market, and provide the best commodity trading services for commodity production enterprises and qualified commodity investors.

<> bulk commodity trading, especially refers to the bulk commodity wholesale market specializing in electronic trading and hedging, also known as the spot market, such as China's peanut business Wupi network is approved by the municipal level or above functional departments, and supervised and managed by the Ministry of Commerce and other relevant functional departments.

It will reduce operating costs and help companies build closer relationships with customers, suppliers and partners, and will be able to increase revenue while building customer loyalty and reducing costs by improving order processing efficiency.