On The Legal Regulation Of Financial Futures Market

Financial futures is a modern derivative of financial market. Compared with commodity futures, it has a much higher rate of return and risk. In the modern market economy, it is particularly necessary to regulate the financial futures legally.Back in the 1980s of the 20th century, nationwide pilot of financial futures exchange all ended hastily after the trial began, after a decade of course. The main reason is the"development first, regulation later", the mistake of thinking led to the absence of legal regulation of the financial futures market, mistakes market direction deviated from the normal track of development. Even today, China's financial futures market still has serious problems: the informal constraints have not been given the attention they deserve, resulting low efficiency of legal regulation; formal institution alters slowly, the formal system is still inadequate; Mandatory system changes mainly, then induces institutional change little.An overview of the evolution of the legal regulation system of world's leading financial futures market, we can sum up the common characteristics: to meet the market demand is the driving force of legislation; improving market efficiency and competitiveness gradually is the objectives of legislation;"regulation first, development later"is the sequence of legislation; significant legal integration trend. This provides a wealth of experience for construction of legal regulation system of china's financial futures market.Jurisprudence has a guiding significance to the enactment of sector act. Based on the legal principle, to regulate the financial futures market comprehensively, including regulatory principle, legal concept system, coordination with relevant laws and all aspects of the operation will be helpful to make the legal regulation system have the force of law and make good use of results.On this basis, and we can construct our financial futures: a clear, unified legal regulation system; secondly, construct legal regulation system of both macro and micro. Thus, provide a new idea of stable and healthy development for the operation of China's financial futures market.