What's the difference between gold futures and gold TD
Gold futures and gold TD seem to sound similar. Do you know the connection and difference between them.
The similarities between gold futures and gold TD are as follows:
1、 Margin trading, small to big;
2、 Can be two-way trading, buy up buy down can also be;
3、 All of them are t + O transactions, which can be bought and sold at any time; (Note: the T of Au (T + D) means trade, not time, and D means delay, not day, so the full name of Au (T + D) should be delayed trading of gold.)
4、 These two kinds of financial derivatives can be delivered in kind;
5、 All have price limit, Au (T + D) is 7%, gold futures is 6%;
6、 They are all domestic financial derivatives.
The differences between gold futures and gold TD are as follows:
1、 Trading channels: Au (T + D) is the gold futures launched by Shanghai Gold Exchange in 2005 and Shanghai gold futures exchange in 2008;
2、 Trading time: Au (T + D) 10 hours a day trading time (more than the night trading time) gold futures 4 hours a day trading time;
3、 At present, gold futures can open an account in a futures company; Au (T + D) can only open an account in a bank or a bank partner.
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