中国油脂期货市场显性交易成本研究

摘要

The most important factor of influencing the futures market efficiency is futures trading costs. This paper comprehensively analyses all kinds of dominant transaction costs of rapeseed oil, soybean oil and palm oil futures including membership fees, margin, handling fees and delivery fee of the Chinese oil futures market listing. Combined with the system background from which China＇ s oil futures market trading costs have arisen, the paper also proposes some suggestions of reducing transaction cost of the oil futures market in China and increasing the working efficiency ranging over perfection of China＇ s oil future market system, innovation of futures delivery system and establishment of the legal system of futures market.%期货交易成本是影响期货市场运行效率的重要因素。本研究通过对中国油脂期货市场上市的菜籽油、豆油和棕榈油期货的各类显性交易成本包括会员费、保证金、手续费、交割费等进行综合分析，结合中国油脂期货市场交易成本产生的制度背景，从完善中国油脂期货保证金制度、创新期货交割制度、建立健全期货市场法律制度等方面提出了降低中国油脂期货市场交易成本，提高运行效率的对策建议。