Research On Transformation And Upgrading Of Futures Companies In Jiangsu Province

Futures are the tool of risk management. In the era of the traditional brokerage of bu siness, futures companies provide customers with only the channel of risk management. I n the stage of innovation and development, the futures companies provide comprehens ive services. With the service rates continuously going down, futures companies in Jian gsu must optimize revenue structure, and get rid of the single brokerage business. Theref ore the transformation and upgrading of futures companies in Jiangsu is inevitable.In the early stage of transformation, futures companies in Jiangsu have lagged behin d the counterparts in other regions in terms of innovative business development.From the three stages, including pilot promotion, specification development and innovatio n & upgrading, this paper reviews the developing history of the future companies. F rom the three stages which includ the dominated exchanges, self-development and in novation development, this paper analyzes the developing course of futures companie s in Jiangsu. The SWOT model is established firstly. Then, with the help of data analys is and comparative analysis, the reality of Jiangsu futures companies is specific analyse d, including the advantages, weaknesses, opportunities and challenges of developmen t. In terms of transformation and upgrading, four countermeasures and suggestions are put forward, including accelerating transition to business innovation, quikly solving the personnel, institutional problems, and so on. It is hoped that the futures companies in Jiangsu can seize the opportunity to achieve breakthrough in the transition of business innovation.