Flexible Business Support System for Stock Index Futures Transaction

As an important financial derivative tool, SIF (stock index futures) gets an indispensable effect in the stock market for investors, including hedging, discovering price and resisting risk. The transaction mode and regulations of SIF are subject to change due to rapid financial products innovation, especially in an emerging market. Therefore, in SIF transaction, one of the essential requirements of business support system is flexibility. After analyzing current transaction modes and business systems of world famous SIF markets, we present a new solution for flexible business support system with multilayer architecture, object-oriented components and FIB (Futures Exchange Information Bus) router cloud in this paper. The system shows excellent performance in Shanghai Stock Exchange with the top 4 largest transactions in the world.