Legal System Of Regulation Of Stock Index Futures Research

The stock index futures is one kind of financial derivation. It is usually used in the hedge and discovery stock price. The stock index futures contain a lot of advantage, but also have huge risk. If dose not carry on strict supervising and managing to it, possibly cause huge great damage. The first part of this article is about some basic questions of the stock index futures. The market itself flaw is the economic foundation which carries on supervising and managing to the stock index futures. Because the blemish of market, sometimes the market cannot disposition resources effectively. Need a government intervention at this time. Especially in the stock index futures market, the insufficiency of information causes risk more easily. Therefore needs to carry on supervising and managing to the stock index futures market. Experience that is from all countries, supervising and managing of the stock index futures mainly has two kinds of modes. One kind of modes is unify government supervise and manage the stock market and the stock index futures market; another kind is different government take charge of the different market. Two kind of advantage which supervising and managing of the stock index futures all have respectively, make to explain in detail in the text lieutenant general. The following closely, the article mentioned ten importance of the self-discipline supervising and managing of the stock index futures. The article pointed out that, self-discipline supervising and managing is important supplement for the government supervising and managing. It can enhance the efficiency of supervising and managing. Finally, in this part, the article also talk about the stock index futures company how to enter the stock index futures market.In the second part of this article, mainly introduced some experience that the United States and England carries on supervising and managing to the stock index futures market. Through to this experience analysis has drawn some conclusions. First, our country should adopt the unification supervising and managing pattem. Next, our country regarding futures exchange establishment, the condition which must establish. In the third part of this article, what to inquiry into is some thinking which carry on supervising and managing to the country stock index futures. First is the supervising and managing organization. Next is the target of supervising and managing, the security and the efficiency. Then is the supervising and managing, equity, candor, open; the supervising and managing carefully and limited supervising and managing. The following closely, this article published system to carry on a discussion for the information. The conclusion is our country should choose the compulsory information disclosure system. Then the discussion is the futures trading post to supervising and managing of the stock index futures. The kind of supervising and managing has divided into two parts, one kind is the futures exchange to own supervising and managing, one kind is the futures exchange to transaction supervising and managing. Then this article has already talked about a futures company supervising and managing by itself. Finally the article mentioned three kinds of behavior destroy the market order. these three kinds of behavior are inside business, fraud and manipulate a market.