Design Of Financial Derivative Trading System

After four years of preparation, the stock index futures, starting from April16,2010are listed for trading in this special occasion, marking China’s entry into the era of financial futures. Institutional investors hope to use stock index futures arbitrage and hedging. Customer demand is rapidly growing. How to meet customer demand on stock index futures trading has become a hot issue.Build a derivatives trading system there are several difficulties need to be overcome. The traditional trading system analysis is too simple and unable to meet the demand for derivatives trading. The system needs to ensure that multi-market, low-latency trading. The system needs provide good support for portfolio management and analysis of the positions. The system has sufficient scalability to support the future introduction of derivatives.Papers according to the rules of the stock index futures in China, to build a large financial institutions, derivatives trading platform has been studied. According to the needs of the customer, I design and implementation of an overall solution. Work and contributions of this paper is as follows:First, this paper introduced the history of the development of domestic and international financial markets, derivatives, and related derivatives trading system solutions. Paper introduced background knowledge of the stock index futures arbitrage and hedging.Secondly, This paper is based on the analysis and understanding of business requirements on stock index futures, and provides a derivatives trading system solutions to satisfy the financial institution needs. The solution are described and instructions, and build a system logical architecture.Third, the logical architecture of the system is decomposed and refined, functions and responsibilities of the various components of the system is explicitly. According to the actual production environment, the function of the system components is designed. The core components of system are application server、client、quote server and trade gate. Design implementation details are discussed, and few code examples are given.Finally, the paper introduced the income generated by the solution. It is proved the correctness of the solution. At the end of the paper, the defects of the solution is analyzed, vision for the future of the solution is well.