近年来以股指期货为核心的衍生产品市场已成为各金融中心竞争的焦点所在。在亚太地区主要股票市场中,中国大陆是唯一没有股指期货的空白地。因此培育和发展股指期货成为我国资本市场迫在眉睫的任务。借鉴美国以及台湾等国家和地区券商参与股指期货的经验,并在此基础上提出适合我国国情的券商参与模式,对我国日后发展金融期货市场具有一定的指导意义。 In recent years, the derivatives market with stock index futures as the core has become the focus of competition among financial centers. In the major stock markets in the Asia Pacific region, mainland China is the only one that does not have any stock index futures. Therefore, to cultivate and develop stock index futures has become an urgent task for our country’s capital market. Drawing lessons from the experience of the securities brokers participating in stock index futures in the United States, Taiwan and other countries and regions and putting forward the securities broker participation mode that suits our national conditions on this basis, it is of guiding significance for the future development of China’s financial futures market.