First, in the reform of futures market and industry supervision system, it is mainly to promote the reform of futures market fees, hedging, arbitrage, margin and position limit to improve market efficiency. In terms of product innovation, close to the needs of agriculture, countryside and farmers, develop more securities and futures products for agriculture and farmers, and develop financial products such as treasury bonds futures and stock options; In terms of business innovation, the CSRC supports the business innovation of futures companies, promotes the pilot of overseas brokerage business and customer asset management, promotes the pilot of specialized futures investment funds, and supports qualified futures companies to issue and list. With the deepening of the reform of futures market and futures industry, the futures industry will enter the best period of development opportunities in history.
Second, futures trading risks
1, market risk. As margin financing and securities lending are leveraged transactions, when unfavorable market conditions appear, small changes in the stock price index may cause investors to suffer huge losses. When the price fluctuates violently, it may even be forced to close the position due to insufficient funds, resulting in heavy losses.
2. Operational risks. Technical failure of the trading system or investors' mistakes may cause losses.
3. Risk of forced liquidation. Futures trading shall implement the daily settlement system of futures exchanges and futures brokerage companies at all levels.
4. Delivery risk. Futures contracts are time-limited. When the contract expires, all open contracts must be delivered in kind. Customers who are not ready for delivery should close their positions in time before the expiration of the contract to avoid taking delivery responsibility.
To sum up, the job of futures brokers is to take risks, and they must have excellent professional knowledge and insight into market changes.