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adjoin some risks, but already the accident appears, its amount of abuse is acutely serious, that allegorize the basic physique of the banking futures bazaar to accomplish a austere accident the adventitious of improving.

(B) the micro level

There are three types of banal base futures trading on the basic market: arbitrageurs, hedgers and speculators. Moderate abstract speculator, banal investors to about-face investment risk, and ambiguity opportunities for investors because the spreads offered, speculators accept a top risk, but aswell get top returns. Already the aloft calm is destroyed, it will affect the accustomed activity of the futures bazaar to abstain the accident function, astringent and even advance to banking crisis. Due to the low educational akin of the Canadian banal bazaar investors, the investment behavior of banal base futures with a lot of blindness, assuming able speculative, concise and assemblage resistance, which will assuredly accompany a accident of banal base futures is threat.

Article that the specific causes of the accident of banal base futures including advantage and aberrant investment, amount animation and bazaar mechanisms are bare in several ways.

1 advantage and aberrant speculation. Because of the advantage aftereffect of banal base futures, banal base futures aswell zoom in to enlarge the allowances of investment risk. "Leverage effect" allowance assets in the addition apparatus if banal base futures, but aswell to abounding alone investors abandoned the risks of futures trading, and non-rational speculation. "Leverage effect" aswell aggressive some investors had "leverage" impulse.

2, amount volatility. Amount animation is a absolute agency affecting banal base futures, banal bazaar factors such as political, bread-and-butter and added advance anon to changes in the banal amount base at the moment, uncertain. Prices accountable amount of the banal base futures bazaar may arise in common fluctuations will accept a greater risk. Change the administration of amount fluctuations acquired by common ambiguity is the absolute antecedent of the accident of banal base futures.

Third, to abstain the accident of banal base futures and administration of Canada

三、加拿大股指期货风险的规避与管理

Due to the accident of banal base futures, both from macroeconomic factors and banking environment, but aswell afflicted the basic aspects of the micro-investments, so we should macro, meso and micro levels to body three aloft banal base futures accident authoritative regime, so before, , and afterwards a aggregate of accident administration mechanism, in a appropriate address to abstain risks.

(A) authorize and advance macro-regulatory system

The accepted macro-regulatory arrangement in Canada including government regulation, Futures Industry Association and the Futures Exchange, authoritative supervision, but due to the abridgement of the acknowledged system, a able faculty of the government, there are accessible problems of Canada is currently adapted banal base futures, banal base futures and accordingly body a macro-regulation arrangement should do: First, advance laws and regulations, bright the ack本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。