Research Of Index Option Simulation

November 8,2013,China Financial Futures Exchange launched CSI 300 stock index options trading simulation,at the same year in December,the Shanghai Stock Exchange launched true simulation system of stock options,and in February 2015,it officially launched the Shanghai 50 ETF options. As China's first venue options products,Shanghai 50 ETF options marks that China's financial market enters into "option era." This paper takes DX futures company as an example, analyzing its problems when operate index option simulation, we think DX's present option strategies are not enough, it doesn't combine index option with other financial products, its customer services only concern on education, and doesn't provide personalized products according to customers' risk and return needs. According to that, we suggest DX futures company should optimize its option strategies, option products and customer service. In terms of option strategies, we suggest the company provide different operating strategies according to different markets. In terms of option products, we suggest the company combine index option with stocks, futures and other derivatives to design risk management products, return enhancing products and fixed income products. In terms of customer service, we suggest the company divides customers into institutional clients and individual clients, and provides personalized service. Besides that, we use SWOT method to analyze advantages and disadvantages for the company to develop options business in the future, we suggest the company should make full use of its parent companies, optimize options products, improve business of introducing broker, improve marketing, pay attention on human resources and technology.