前20名会员持仓变动 Top 20 members position change

　　近两周期指行情呈现出震荡走高之势，多空双方出现大幅减仓，期指主力合约震荡走高，市场做多情绪正在积蓄，筑底态势逐步形成，如有进一步利好释放，反弹或将延续。从持仓量上看，多空双方持仓量均有所下降，空方表现更为明显，近一周时间空头主力合约持仓减仓高达14169手，创下近期空方减持的高峰。

Nearly two cycle refers to the quotation to present a concussion go high of power，Empty both parties face a decrease a storehouse，Refers to the main contract of concussion go up，The market do much emotion is savings，Build the situation gradually formed，If there is any further positive news release，Bounce back or will continue。From the open on the quantity，Empty the position amount fell，Empty party performance is more obvious，Nearly a week bear main contract position decrease a storehouse is as high as 14169 hands，A recent empty party reduce held high。

　　截止8月10日机构持仓方面，前20机构主力合约共成交36万余手，华泰长城、国泰君安和海通期货位稳居前三甲，成交量前五名较前一交易日均减少近2万手以上。多头席位方面，前20机构持买单量共计34173手，较前一交易日降低3135手，国泰君安、海通期货和华泰长城期货暂居多头前三名，分别持有买单4219手、2945手、2674手，三家席位均较前一交易日减仓300手以上，海通期货更是减仓862手之多，全部对冲了前一日增仓691手多单有余，显示市场多头信心不足。

By August 10 institutions in the open，Before 20 institutions were more than 360000 main contract deal hand，The Great Wall of China peaceful、Cathay Pacific hand and haitong futures a before being the segment，Volume is the top five before a transaction to reduce average nearly 20000 hand above。More seats in，The first 20 institutions of the total of 34173 hands，The session is reduced 3135 hands，Cathay Pacific hand、Haitong futures and the Great Wall of China peaceful majority TouQian futures for three，The hand held 4219 respectively、2945 hand、2674 hand，Three house seats the previous trading day decrease a storehouse 300 hand above，Haitong futures is decrease a storehouse 862 hands，All the previous growing hedge storehouse 691 hand is much more single，Display market bull lack of confidence。

　　空头席位方面，从中金所主要席位的期指持仓看，空军所在阵营的减仓势头依然持续。中证期货依然稳坐龙头地位，国泰君安和华泰长城分别排名第二、第三，空头前三名持卖单量分别为8872手、6777手、3587手，仍然延续空方减仓态势，中证期货、国泰君安和华泰长城期货分别较前一交易日下滑747手、204手、554手，空方主力中证期货更是大幅减仓700手以上，空头前20机构共持有卖单量42130手，同比减少2783手。通过对比发现，空头实力依然强于多头，显示市场投资者对于期指后市仍然缺乏信心，倘若短期内并没有出现降息等宽松政策，恐怕缺少政策刺激的市场随时会因“利多出尽”而再次下跌。

Seats short of，From the main stage of gold seats to see the open，Air force faction decrease a storehouse continued momentum。Futures still rank has leading position，Cathay Pacific hand and the Great Wall of China peaceful respectively in second、The third，The top three short selling is a single respectively for 8872 hands、6777 hand、3587 hand，Still continue empty party decrease a storehouse situation，Futures has、Cathay Pacific hand and the Great Wall of China peaceful futures were more a day before hand down 747、204 hand、554 hand，Empty main party has a futures is reduced warehouse 700 hand above，Short of 20 institutions held before selling single of 42130 hands，Up to reduce 2783 hands。By comparing the found，Short-sellers strength still better than bull，Display market investors for period is still lack of confidence means，If the short term and did not appear to cut interest rates and loose policy，I'm afraid the lack of policy stimulus for market at any time“The best out”And fall again。

　　基差方面，主力合约IF1208 收盘价2411.6，升水11.85点，远期合约IF1209贴水3.59点，IF1212升水55.25点，IF1303升水85.65点。主力合约基差由于到期日临近进一步收窄，套利空间明显不足，其余远月合约基差偏离较大，市场上存在一定的期现套利的机会，随着多空双方逐渐增仓远期合约IF1209，其基差已回落到正常水平。

Base in poor，Main contract IF1208 closing price of 2411.6，Premium 11.85 points，Forward contracts IF1209 discount 3.59 points，IF1212 premium 55.25 points，IF1303 premium 85.65 points。The main contract due to poor maturity date near further narrow，Arbitrage is not enough space，The rest, with distant months from poor larger，The market has certain period of arbitrage opportunities now，With both sides empty gradually ing IF1209 forward contracts，The base has gone back to the normal level difference。

　

　1208合约10日成交量前5名 1208 the contract volume 10, before five

　　名次 会员简称 成交量 比上交易日增减

As the ranking member, the volume of trading day than increase or decrease

　　1 华泰长城 42834 -20407

The Great Wall of China peaceful 1 42834-20407

　　2 国泰君安 36010 -24579

2 hand to cathay Pacific 36010-24579

　　3 海通期货 32857 -19645

3 haitong futures 32857-19645

　　4 广发期货29812 -25019

4 wide hair negotiable futures 29812-25019

　　5 兴业期货 27544 -20807

5 the futures 27544-20807

　　1208合约10日多头席位持仓前5名

1208 the contract before the open seats more than 10, five

　　名次 会员简称 持买单量 比上交易日增减

As the ranking member of the trading day than pay increase or decrease

　　1 国泰君安 4219 -378

1 hand to cathay Pacific 4219-378

　　2 海通期货 2945 -862

2 haitong futures 2945-862

　　3 华泰长城 2674 -490

The Great Wall of China peaceful 3, 2674-490

　　4 银河期货2267 27

4 galaxy futures 2267 27

　　5 广发期货 2250 -114

5 wide hair negotiable futures 2250-114

　　1208合约10日空头席位持仓前5名

1208 the contract 10, seats short position top five

　　名次 会员简称 持卖单量 比上交易日增减

As the ranking member of the trading day sell order than increase or decrease

　　1 中证期货 8872 -747

1 8872-747 showed futures

　　2 国泰君安 6777 -204

2 hand to cathay Pacific 6777-204

　　3 华泰长城 3587 -554

The Great Wall of China peaceful 3, 3587-554

　　4 光大期货2935 -529

4 everbright futures 2935-529

　　5 申银万国 2123 139

5 shenyin &wanguo 2123 139

　　（本报数据研究部 高毅）

（Our data GaoYi research）