机构投资者与金融衍生品市场

机构投资者对金融衍生品市场的发展和成熟起关键作用。在分析金融衍生品市场发展现状的基础上 ,对机构投资者参与金融衍生品交易的行为和动因进行了研究。金融衍生品市场演变的一个重要趋势是交易机构的高度集中 ,但机构集中可能是金融衍生品市场区别于其它市场的固有特征。我国发展金融衍生品市场需重视培育机构投资者 ,除了构建适宜的法律环境、采取积极的风险管理人才储备策略外 ,应认识银行在金融衍生品市场中的重要作用

Institutional Investors and Financial Derivatives Market

Institutional investors play the key role in global financial derivatives market.One important characteristic of derivatives market evolution is that the market continues to be concentrated,but it may theoretically be an instinctive character of financial derivatives market for derivative holdings to be concentrated at a few large financial institutes.It is necessary to pay more attention on developing institutional investors in developing financial derivatives.Besides human resource training and constructing a proper regulatory framework,there is a need to recognize the unique status of bank in financial derivatives market.