The Discussion Of Setting Third-part Clearing House In The Commodity Spot Trading Market

Commodity spot trading market, is a combination of network services, financial services, trade and other aspects of the service market place offline one. At the level, commodity spot trading markets stands between the futures markets and the traditional wholesale market, playing a connecting role. Functionally, the commodity spot trading market is goal to fight international pricing, innovative spot transactions, optimize resource allocation, improve operational efficiency of the market. Commodity spot trading market since the demonstration, the rapid development momentum is not reduced. But with the attendant problems are endless. Lower commodity spot market in the absence of laws and regulations to guide the case, regulators can’t spot commodity trading markets have clear and effective management, while commodity spot market internal control system is missing, or the implementation of the internal control system is not in place.Thesis based on a comprehensive risk management theory, third-party management theory as a guide to start with case study method for commodity spot trading market risk factors were analyzed from two aspects of internal and external. Current commodity spot trading market in the absence of legislation, the settlement risk is the main risk commodity spot trading market faced. Thus based on the relationship between the foreign exchange markets and clearing houses, settlement risks for commodity spot trading market proposed settlement mechanism built into the market and the establishment of an independent third party clearing agency two programs, and conduct a detailed analysis.Commodity spot trading market settlement risk prevention depends on the combined effect of external supervision and internal market two aspects of independence. But the commodity spot market in the absence of laws and regulations can not be guaranteed transactions real, independent risk management, financial security, regulatory transparency, and therefore to establish an independent third party clearers, clearing the spot market stripped out, is currently able to prevent the commodity spot effective means to market risks. Stripping out the spot market clearing, is the current can be an effective means to prevent the commodity spot trading market risk, and is benefit for commodity spot market effectively integrated supervision, protection of transaction security funds, and guide the healthy development of the market the best solution. Clearing agencies herein by reference and overseas market place settings and functions, the development of commodity spot trading market has a certain reference value, while credit for the future between the clearing houses and institutional investors across market concern among some Inspiration.