DH Futures Company Stock Index Futures Operation Risk Management Research

Futures market is of strong speculative and high risk; effective risk management is the premise of the healthy operation of the futures market. Futures market risk management formed a unique risk stratification block and management system through different levels of market entities. As the bridge connecting the investors with the futures exchange, futures company is the intermediate link of the market risk sharing mechanism and the foundation subject of market risk management.Stock index futures arises at the historic moment of a single drop financial derivatives for avoiding the stock market risk. Since its launch, it received wide attention. The stock index futures market,which is with large scale risk and wide ranges, has the characteristics of amplification capability,complexity and preventability. Since the establishment of market business, on the one hand, increase new development and vitality for our futures markets, greatly improve market scale; On the other hand, because of its correlation with the stock market, if appear risk, it’s easy to generate a chain reaction, causing bigger economic and social influence and destructive. Therefore, futures companies in the front line should focus on the strengthening of stock index futures risk prevention and management to lay the foundation for the health of the entire market running.This article, based on the stock index futures operation risk management practice of Donghai futures company, applying the methods of research and example analysis combining research and through the correct understanding of operation risk, puts forward problems and describes the forms of operational risk of stock index futures,potential risk in each link of stock index futures operation and its development tendency. Through the summary of the current situation of risk management in companies, comprehensively analyze the problems and causes of the operation risk of stock index, and put forward a perfect futures companies operating risk control countermeasures and methods to effectively manage in the operation risk in stock index futures investment and provide reference decision for the decision-maker.