Study On Risk Management Strategy Optimization Of Tianyi Futures Company

Chinese modern futures market started in the early 1990 s.After more than 30 years of exploration and practice,and in a generation after generation of futures people's persistence and struggle,Chinese futures market has started from zero to one,from small to big,from chaos to governance,from speculation to the present function gradually play,gradually into the good situation.With the options listed and accelerated internationalization,as a financial subdivided industry,the ability of futures market to serve the real economy and serve the national strategy has been significantly enhanced.This is mainly embodied in three aspects.Firstly,the foundation for development is more solid.The total assets,net assets and net capital of the industry increased significantly.The industry carrying capacity is increasing.Secondly,the pace of the development is more robust.Strict regulation has brought about a sustained and healthy development of the futures market.Thirdly,the development opportunity is growing.Financial futures,commodity options and OTC options,CTAs and commodity index funds,and other products are enriched.It brings a rare opportunity for the development of the futures market.But as the business model continues to innovate,futures companies have established style of ?Independent Innovation,Own Risk?.The traditional structure of risk management is bound to be broken.A single risk management model is far from meeting the needs of business development.Therefore,we should strengthen the comprehensiveness and linkage of risk management.Identifying the risk of futures companies in a comprehensive and effective way is the ultimate direction of risk management.How to build a more scientific and reasonable comprehensive risk management mode has become a profound problem at this stage.This article takes Tianyi Futures Company as an example.The deficiencies of Tianyi Futures Company in risk management are systematically analyzed through the Enterprise Risk Management.And it optimizes the risk management strategy.The goal is to lay a theoretical foundation for the future development of the company,and provides reference for other futures company in the same industry,so as to promote the healthy and sustainable development of the whole industry.In the first section,the article introduces its research background and significance,and the research status of risk management at home and abroad.In second section,it introduces the business situation and the theory of Enterprise Risk Management.In the third section,it introduces the current operation situation of Tianyi Futures Company,and makes a detailed analysis of the macro environment and industry environment of the current futures market by using the PEST model and the five-force model.The fourth part puts forward the risk management problems of Tianyi Futures Company,which providing a basis for solving these problems.The fifth and sixth parts are the key parts,mainly for raising the problems in the previous article,and formulating detailed implementation plans and safeguard measures.In this part,the Va R model is applied to set the customer margin level and improve the efficiency of customer funds.In addition,the application of big data means to analyze the customer default risk,so as to find the problem as early as possible,which provides reference for future quantitative analysis of futures companies.In the conclusion part,we discuss the shortcoming of the article and make a vision of the futures companies? risk management research.