| The futures market is considered of the market of a "zero-sum game";of which futures price fluctuate acutely.So the investors entry into the futures market in an investment mentality.Only in this way can reduce the possibility of loss incurred in the market and achieve the purpose of profits made.Investors' mentality refers to the set of comprehensive implements made strictly before entering the market operation.In the 1980 s,The United States is the first country which puts forward the programming trading which was originally used to manage more than 15 stocks portfolio in the same time.So it also called Basket Trading.With the continuous development of Internet and computer technology,Program trading is a combination of computer technology and the investment management theory.Program Trading is mainly refers to program modes related with a set of combination of stock traded.This article points at the study on the mode of programming trading,it belongs to the category of financial innovation.Compared the Programming trading with the traditional modes,the obvious advantage is that it can effectively avoid the weakness of human nature and estimate expected the risk and profit at the same time.Programming trading is recognized by more and more investors and brokers as well as gradual maturing of programming trading.If making arbitrage,it is impossible for you separate the system design,risk identification and control phase.This paper studies the three questions and optimization model with the characteristics of the securities market in China.Expect these factors,this article also makes the study deeply on real-time monitoring,batch delegate etc solved in the course of programming trading and offers the corresponding optimization proposals.In the end the author provides the corresponding identification risks and risk prevention measures based on the risk existing in the process of trading,it also provides the security guarantees for the arbitrage. |
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