Research On The Legal System Of Futures Trading

Futures markets are the product of highly developed commodity economy, with the development of our country, the futures market plays a more and more important roles in the system of our national economy.In the past twenty years,the futures market of our country has formed a whole trading system of futures,it lays a foundation for the development of our futures market.With the rapid development of futures trading in our country,the research on the legal theory of futures trading goes further and further,and there are some achievements on it.But there are still some arguments about some basic theories of futures trading in the law circle.On a long view,the arguments have positive effect in promoting the development of legal theory of futures trading,but now,they will be a serious hindrance to the development of the futures trading system.In addition,to the country like us who relys on the advanced trading system of futures, how to make the system from abroad merged into the legal system of us is still an urgent problem to be solved.In this paper,we have the logic order of"what is futures trading-how to trade futures -how to regulate the futures trading in law ",after introduce the basic definition of futures trading and the history of it,we analyze the legal relationships,the procedure and the trading system of futures trading,we hope that we can find the basic theories of law to make the futures trading system merged into the legal system of us.In this paper, we solve following basic theory questions: First,the nature of futures trading in law; Second, the relationships of the subjects of futures trading, especially the relationships between the brokerage firm and the customers; Third, the object of futures trading; Fourth, the economic law principles of the membership system; Fifth, the nature of the margin and the relationship between the margin and the Guarantee Law; Sixth,the mandatory liquidation and some basic theories of it.After solving the questions above,we hope that it can provide some theory support for the unified ,we hope that there are not only administrative regulations but also basic laws to regulate the futures market,and we also hope that our futures market have strong ability to participate in the international competition,to get rid of the fate of"The shadow market" of the developed countries.