Case Study On The Operation Of CTA Fund Of RuiDa Futures Corporation

Futures markets of China has obtained considerable development during recent 30 years,and it is playing an increasingly important role in serving China's real economy.However,with the development of futures market,more and more problems are brought to our attention,such as insufficient market liquidity,unreasonable customer structure,and company earnings' excessive reliance on business fees and commission income.And these problems have resulted in loss of company revenue and slow of net profit growth rate.As the development of social economy,facing the new market environment,expanding business space and realizing business transformation have become the development trend of futures companies.Each company shows its special prowess to realize the transformation and development.Among measures taken by companies,seeking breakthroughs in innovative business,complying with new regulations on asset management,and strengthening futures asset management business are especially effective.By focusing on the operation of CTA fund,which in its asset management business,RuiDa Futures Corporation effectively avoided the homogeneous competition between futures brokerage businesses across the industry,created new economic growth dot and enhanced the company's competitiveness,which allowed company's arduous transformation task had achieved initial success.This article takes the example of CTA Fund operated by RuiDa Futures as the research object.First,it briefly introduces the case in the aspects of company profile,operating advantages,operating processes and its product overview.Secondly,it is significant for other companies to summarize of the advantages and disadvantages of CTA funds in the RuiDa Futures in terms of operation experience.Subsequently,through deeper analyzing the motivation and effect of CTA fund operation in the RuiDa Futures corporation,it is found that the aim of RuiDa Futures' operation of CTA fund is to follow the development trend of the futures industry and transforme the company's format.At the same time,RuiDa Futures has improved the customer structure of company,expanded profit channels,and enhanced market competitiveness in the operation of the CTA fund,as a result that RuiDa Futures make a good achievement in increasing the business income of asset management and promoting profit growth.The last part is the enlightenment andsignificance of the case.According to the results of the case analysis,this paper summarize the implications of the CTA fund,which can inspire China's futures companies to make the transformation of the business,to settle the shortage of the current liquidity and to change irrational structure of customer.It is significant for China's futures market to make a better development in the long term.