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安全性是期权交易的不可或缺的首要考虑问题。做市商介入期权市场后,合约的保证金模式设计尤为重要,保证金既是风险控制的重要保证,又是活跃市场不可忽略的因素。基于此点,本文重点辨析期权保证金的三种主要收取方式,并依据中国金融衍生工具市场的现状,对建立期权市场引入保证金模式予以剖析及初步探讨,并对存在的若干问题提出相应的几点解释性建议。
Security is an indispensable primary consideration for options trading. Market makers to intervene in the option market, the contract deposit model is particularly important design, margin is an important guarantee for risk control, but also an active market can not be ignored factors. Based on this point, this article focuses on the analysis of the three main types of options deposit options, and according to the status quo of China’s financial derivatives market, the establishment of the bond market to introduce the deposit model to be analyzed and discussed, and the existence of a number of issues Explanatory advice.