Research On Legal1Rules Of The Mandatore Liquidation Of Futures Trading

Futures markets have become an important part of Chinese market economic system, the "price discovery, risk-averse "feature increasingly play a role in the healthy development of the national economy and the smooth operation provides an effective risk management options and tools. With the development of the futures markets, the jurisprudence issues facing increasing, but the futures market is relatively small and related research, cannotmeet the needs of the reality, which restricts the development of the futures markets.System of forced liquidation is an important system to control the futures market risk, play a pivotal role in the futures market. Forced liquidation question in our futures market is a very difficult to define, but also the hot and difficult issues. Produced around the forced liquidation of many disputes, the parties argue constantly, but also to the administration of justice brought a lot of difficulty. Given this, it is necessary to forcibly liquidation system futures research, by analyzing jurisprudence, laws and regulations in order, provide some useful thinking of legislation and judicial practice.This paper is divided into five parts to study futures trading system in forced liquidation. The first part is an introduction, main content and significance of the study is the purpose of forced liquidation of futures trading, the current domestic and international research scope and methodology of research on this issue and the status of this article. The second part is an overview of futures forced liquidation, including the concept of forced liquidation, forced liquidation the generation and evolution for the case of forced liquidation and forced liquidation systems overseas futures markets. The third part analyzes the legal issues related to forced liquidation, mainly including the definition of the legal nature of the forced liquidation, combined with case studies to clarify the attribution of responsibility forced liquidation, and pointed out the major deficiencies of our current force liquidation. The fourth part as soon as possible by calling for "Futures Act" clearly forced liquidation of the legal nature of the "Futures Act", the establishment of a dynamic deposit system, enhance investor risk awareness education and other measures to improve the system of forced liquidation. Finally is the conclusion, by the above described problems,hope to improve the system by means of legislation forced liquidation, thereby strengthening risk control China’s futures market, maintaining the long-term development of the futures market.