Design And Implementation Of Cotton Basis Trading System

The bargaining power of cotton consumption company and cotton trader is affected by the international status of china cotton trade,as the changes between supply-demand relation and sown area of cotton in china domestic.to further safeguard China's interests of the major cotton consumer and realize the market advantages in the international trade,basis trading is used to fulfill the trade balance of textile industry raw material in china domestic and overseas.basis trading is a futures trading model that uses financial derivatives to avoid risk management by hedging and basis theory.Through the research of cotton bulk commodity,it can realize the cotton industry participate into the futures and spot market.that kind of marketization helps to protect cotton grower's interest and improve the competition ability of china domestic cotton industry.The subject matter is based on current cotton trade market to development a basis trade system,which uses the theory and model of futures hedging to do the risk management and uses financing means to avoid the risk of pricing fluctuation.the basis trade system enriches the supply chain combination service platform of cotton trade market.It is based on SOA structure and B/S mode.The front-end client monitoring platform is developed by JSP web,and the data uses Oracle database as the back-end data storage and analysis platform to complete the real-time storage of market data and transaction conditions and complete information release,providing users with good man-machine effects in a humanized way.The operator of the background system can make systematic adjustments in time based on the market and transaction data reflected on the spot.This article first analyzes the status of the domestic cotton industry,and finds out the shortcomings of traditional e-commerce transactions,and proposes a basis trading system based on basis theory that explores the combination of spot and futures,and avoids operating risks through exchange of futures and cash.It has resources management,quotation and transaction,transaction matching,all market quotations,transaction margin,dealer funds and contract agreement management,transaction parameter management,notification management,log management,user authority management and other functions,support futures market data access and integration with the original system.The seamless connection meets the linkage between the future and the present.Finally,the implementation of this project,changes the cotton futures and current trading model,providing a complete data processing method for the back-end monitoring system,and creating conditions for standardized cotton trading.