Futures Terminology

volume

Trading volume refers to the unilateral quantity of all contracts traded in a futures contract during the trading day

open interest

Open interest refers to the single-sided amount of open contracts held by futures traders

highest price

The highest price refers to the highest transaction price among the transaction prices of a futures contract within a certain period of time.

lowest price

The highest price refers to the lowest transaction price among the transaction prices of a futures contract within a certain period of time.

opening price

The opening price refers to the transaction price generated by the call auction within 5 minutes of the market opening of a futures contract. If the call auction does not generate a price, the first transaction price after the call auction is used as the opening price.

Closing price

The opening price refers to the last transaction price of a futures contract on the current day.

 

 

 

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