1, which is different from their corresponding objects. Margin trading and refinancing use loans and leverage to buy and sell stocks, thus making it possible for two-way benefits.
2. There are obvious differences in the design of trading system, which are embodied in margin rate, handling fee and trading process.
3. The scale of transactions varies greatly. The application fields of margin financing and stock index derivatives are different from the target investors, which directly leads to the different transaction scales of the two.