You will go to jail if you exceed your futures position.

Futures are completely different from spot goods. Spot goods are real goods that can be traded. Futures are not mainly goods, but certain mass products such as cotton, soybeans, oil, etc. and financial assets such as stocks and bonds. etc. are the underlying standardized tradable contracts. Therefore, the subject matter can be a certain commodity or a financial instrument. The delivery date of futures can be one week later, one month later, three months later, or even one year later.

The contract or agreement for buying and selling futures is called a futures contract. The place where futures are bought and sold is called the futures market. Investors can invest or speculate in futures.

Liquidation is one of the futures terms, which refers to the risk situation where the customer's equity in the customer's account is negative. That is, the customer not only loses all the margin on the account before opening the position, but also owes the futures company money.

Main features:

1. The terms of futures contracts such as commodity variety, trading unit, contract month, margin, quantity, quality, grade, delivery time, delivery location, etc. are all It is established and standardized, and the only variable is the price;

2. Futures contracts are concluded under the organization of the futures exchange and have legal effect, and the price is passed in the trading hall of the exchange. Generated by public bidding;

3. The performance of futures contracts is guaranteed by the exchange, and private transactions are not allowed;

4. Futures contracts can be delivered through spot delivery or hedging transactions. To perform or discharge contractual obligations.

Article 174 of the Criminal Law of the People's Republic of China and the People's Republic of China: Establishing commercial banks, stock exchanges, futures exchanges, securities companies, and futures brokers without the approval of the relevant state authorities. Companies, insurance companies or other financial institutions shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also or solely be fined not less than 20,000 yuan but not more than 200,000 yuan; if the circumstances are serious, they shall be sentenced to fixed-term imprisonment of not less than three years but not more than 10 years, and shall also be fined A fine of not less than 50,000 yuan but not more than 500,000 yuan shall be imposed.

Whoever forges, alters or transfers the business license or approval document of a commercial bank, stock exchange, futures exchange, securities company, futures brokerage company, insurance company or other financial institution shall be subject to the provisions of the preceding paragraph. Specify penalties.

If a unit commits the crimes in the preceding two paragraphs, the unit shall be fined, and the persons directly in charge and other directly responsible persons shall be punished in accordance with the provisions of the first paragraph.