国际期货市场机构投资者的发展及借鉴

Development of Institutional Investors in Futures Market

期货市场上的机构投资者主要有期货投资基金和对冲基金,证券公司或投资银行、养老基金、共同基金以及商业银行等机构也是重要参与者。本文介绍了参与国际期货市场的机构投资者的投资特点、在不同市场投资所占的比重和发挥的作用,分析了期货市场机构投资者的类型、发展及与现货市场机构投资者及期货公司之间的关系,并为中国期货市场机构投资者的发展提出了相关建议。

Institutions involved in futures markets include investment fund, hedge fund, securities firms, pension fund, mutual fund as well as commercial banks. This paper reviews the major characteristics of these investors, their commitment in various markets, the role they play and analyzes their strategies, their relation with institutions in cash market and futures brokers before proposals are made in their interest.