The risk of stock index futures market is large, involving a wide range, with the characteristics of amplification, complexity and prevention. The risk causes of stock index futures mainly include frequent fluctuation of stock index, leverage effect of margin trading, irrational speculation and imperfect market mechanism.

The risk types of stock index futures are more complicated. The following risks are classified according to different classification criteria:

1. Is the risk controllable?

From the perspective of whether the risk is controllable, it can be divided into uncontrollable risk and controllable risk.

2. Transaction link

From the perspective of trading links, it can be divided into agency risk, liquidity risk, leveling risk and delivery risk.

3. Risk subjects

Risks can be divided into exchange risk, brokerage risk, customer risk and government risk, while financial risks faced by investors can be divided into credit risk, market risk, liquidity risk, operational risk and legal risk.