The Research Of Risk Management Of Derivative Market Based On Case Studying

The selected topic of the paper originates from the research project of Shanghai Future Exchange "the risk management and the function of derivative market based on case studying". The paper is one of the result of the project.Derivative market is a high risk market compared to spot market. From the risk cases that had happened, the result it caused is serious. It not only influences the stability and security of the derivatives market, but also has bad influence to the economy of the whole country. So the research on the risk management of the derivatives market has important meanings.Based on the method of case studying such as respectively analysis, comparatively analysis and so on ,The paper analyses the cases happened in derivative market at home and abroad such as the event of "3.27" national debt, the event of China Aviation Oil corporation and the event of barings Bankruptcy . Finding out the deficiency of market environment, the disadvantage of the choice of the varieties of derivative market and the designed agreement and trade rules. Especially suming up the deficiency of risk management of Future Exchange, Future brokerage company and corporation investor. And then also studys the way to build and perfect of the risk management system of Future Exchange, Future brokerage company and corporation investor, makes conclusions and proposes some policy suggestions. We hope the paper is beneficial for the operation of Future Exchange and the further development of the derivative market.