Research Of Risk Management Of Spot Trading For MT Company Based On The Hedge Of Futures

Spot trading get rapid development in recent years. The number of enterprises engaged in spot trading and transaction are into a geometric growth. As part of the capital market, spot transactions improved the structure of the domestic capital market and promote its development. But it also brings all kinds of problems-- trading risks caused by excessive speculation and the frequent trading.At present, domestic supervision to the spot market is relatively weak, makes the serious shortage of their own awareness of risk control. It becomes a great hidden danger for the future development of enterprises. Therefore, in the global capital markets for increasingly attention under the background of risk control, spot transactions for the risk management become the necessary.Based on the MT company as the research object, this thesis carries on the empirical research and analysis. On the one hand, analyzes the main risk from the company trade present situation, then qualify it; On the other hand, through analyzing the characteristics of the spot of electronic trading, using the latest futures hedging theory and hedging tools, specifically to reduce transaction risk; Finally, combining the theory of risk management and the company’s status quo of risk control on the basis of the above two points, to formulate MT company’s risk management plan and implementation problems, so that to form a complete set of risk management system.According to the analysis in this paper can be seen:primary problem of reducing the risk of trading is to avoid excessive speculation of frequent trading, and "spot+futures" hedge model can effectively reduce the transaction risk. At the same time, targeted the hedging strategy, for a single variety of risk control effect is obvious; the risk control scheme building on the basis of it, should combine their own actual situation, to adjust measures to local conditions, cannot treat as the same.