Design And Implementation Of The Program Trading Module In Futures Member-Side Trading System

China’s financial markets’ development is rapid, fully electronic trading is also increasingly active, with the futures market and night market of new contracts has introduced as well as financial market continuous improvement, our investors and institutional members of the investment philosophy gradually mature and rational, investment behavior dominated by subjective emotions into objective and rational investment, program trading by virtue of its objective and rational transaction characteristics gradually into the Chinese financial market. So the development of program trading system can make the market more active and liquid.Program trading is using market software and computer programs, with the market technical indicators, according to the computer signal to operate trading. This article is detailed discussing and analyzing program trading system with the practical application, which based on membership ends. The first part of the article introduces the knowledge of program trading, and an icon to show its advantages and disadvantages; The second part describes the membership end system’s architecture and achieving of technology for application development and lay the foundation of the transaction; The third part of the program establish procedures and statistical tests of the transaction were studied, and into some algorithm strategies to improve efficiency and market liquidity; The last part of the article is program trading on the futures market impact and requirements.Use of program trading can be overcome human weaknesses in the transaction process, which has unparalleled advantages in risk management, cost management. At present, The current program trading in our country is still in the stage of steady development, program trading’s system is not popular, many procedures are unknown. Therefore this paper not only comprehensives and understanding of the significance of program trading in financial engineering academic, but also has designed the program trading system which is based on the membership system, I hope the program trading’s system can be used widespread in the practical market, and improve its research value.