A Case Study On Risk Management Of Beijing W Futures Company

As the stock index futures of IF1005 came on April 16, 2010, the futures market entered a new development era. At this time, we must pay more attention to the futures risk. The dissertation was a case study of Beijing W Futures Company's (the below-mentioned is abbreviated as W Company) risk management, which based on the others'research result of risk and risk management. The dissertation discussed the subject with the case study method, summarized some successful experiences, and tabled a few proposals, which were propitious to W Company and other futures companies and the futures market supervisors.The dissertation discussed the subject according to sequence of case description——case analysis——case inspiration. At first, the dissertation introduced the background, purpose, method of research and its main contents in the introduction. The second, after going over and summarizing the theories of others' research on futures and its market, risk and its management, the dissertation focused on the futures company risk management, which was the theory foundation of the whole dissertation. The third, the dissertation introduced and analyzed the present situation of W Company and its risk management, brought up some suggestions of controlling the risk, and built an enterprise risk management system in W company. Finally, the dissertation summarized the conclusion of the case study and its inspiration to other futures companies, pointing out the deficiency and the continue developing research.The dissertation had three innovations:①the dissertation classified the risk facts to 18 sorts, and analyzed the relationship of market risk, operation risk and credit risk, according to the Basel Accord.②the dissertation distinguished the main risk with the method of AHP, measured the market risk with the VaR model and used the standard method to calculate the operation risk.③the dissertation pointed out that we must pay attention to the credit risk of clients, as controlling the risk, and built an enterprise risk management system in W company.