Operational risk refers to the risks caused by market participants such as futures exchanges, futures companies and customers. Due to the lack of internal control, imperfect procedures or illegal operation in the implementation process, untimely response to price changes or inaccurate market price prediction, operating system failure and other reasons. The main manifestations are: unauthorized trading, concealing positions, concealing losses, overstocking, excessive speculation, misleading customers, misappropriating deposits, etc. 2. Market risks, including price fluctuation, market uncertainty and the characteristics of futures trading, will make speculators face a larger risk range. 3. Liquidity risk Liquidity risk refers to the risk that it is difficult for traders to complete transactions in time. 4. CreditRisk Credit risk refers to the risk caused by the buyer or seller's failure to perform the contract in the futures market.