浅谈期货交易的自律机制

• 作 者: 刘茂亮
• 机 构: 中南政法学院
• 出 处: 经济论坛
• 发表日期: 1995年06期
• 关键词: 期货交易 交易人 自律机制 期货佣金商 场外交易 保证金制度 会员公司 竞争规则 维持保证金 质押物

一、期货交易是公开、公平、合法的交易。根据各国期货交易规则,期货交易必须在公开市场达成,即所有的开价、报价、出价都必须以公开成价方式在交易大厅内进行,使期货交易在可以互相看见的八角形或多角形、外高内低的交易池内进行竞价,在场的所有交易者将处于良好的交易环境之下,获得平等的买卖机会。这样就能维护公开、平等的竞争规则,使每个交易者可以按照自己的意愿参加交易。

First, futures trading is open, fair and lawful transactions. According to the futures trading rules of all countries, the futures exchange must be closed on the open market. That is, all the quotations, quotations and bids must be made in the trading hall at an open price and at a fair price. The futures exchange can be traded in an octagonal or polygonal shape that can be seen by each other High intraday low trading pool bidding, the presence of all traders will be in a good trading environment, access to equal trading opportunities. In this way, open and equal competition rules can be maintained so that each trader can participate in the transaction as he wishes.