Research On Self-Regulatory System Of The Futures Market

Futures trading is the product of a certain stage with the development of economy, the development of futures trading not only effectively avoid all kinds of risk which existing in the spot trading, but promote the orderly operation of market economy. And the futures market is the main place which bearing the futures trading. The development of the futures market, since the middle of the nineteenth century American Chicago Board of Trade was founded, has one hundred and sixty years of history. At first, development of futures market is chaos, futures market is not mature, lack of professional talents, and has its inherent defect. In the course of development, the self-discipline supervision association has spontaneously formed, because of the lack of common coercive power and binding force, the government has introduced the government supervision. In the interaction mechanism of the government regulation and self-discipline supervision, the futures market has been further development, however the government supervision role is limited, excessive intervention can make the futures market lose energy and difficult to innovation. China also faces the similar challenges, in order to meet the development of the futures market; China’s self-regulatory system demand is more and more urgent.This paper mainly through the futures market self-regulation system theory analysis, draw lessons from foreign mature futures market regulatory system, in analyzes our country futures market regulatory system on the foundation of existent problem, put forward some suggestions. The article studied with the theoretical basis of futures market self-regulation. Through introduce the nature of futures market self-regulation power, clear boundaries; fully affirmed the self-regulation is a kind of power. Second, it analyzed the source of the power. Finally it discusses the necessity and feasibility of Futures market self-regulation, which provide theoretical basis for the research. The futures market self-regulation of developed country is very mature, combined with the actual situation of countries, analyzing the pros and cons and differences, our country can learn from the experience to perfect our futures market self regulation system. China’s futures market development history is short, the system is not perfect, so find out the existing problems is very important. Our country should solve the problem. Through the identification of the principle, to perfect legislation and supervision system, futures industry association self-discipline supervision system and Futures Exchange self-regulation system, to achieve the goal that promote the development of the futures market.