Flexible Business Support System for Stock Index Futures Transaction

摘要

As an important financial derivative tool, SIF(stock index futures) gets an indispensable effect in the stockmarket for investors, including hedging, discovering priceand resisting risk. The transaction mode and regulations ofSIF are subject to change due to rapid financial productsinnovation, especially in an emerging market. Therefore, inSIF transaction, one of the essential requirements ofbusiness support system is flexibility.After analyzing current transaction modes and businesssystems of world famous SIF markets, we present a newsolution for flexible business support system with multilayerarchitecture, object-oriented components and FIB(Futures Exchange Information Bus) router cloud in thispaper. The system shows excellent performance in ShanghaiStock Exchange with the top 4 largest transactions in theworld.