期货在西方国家已经有近两百年的历史,但衍生品的真正发展却是在20世纪70年代金融衍生品诞生之后。衍生品包括期货、期权、远期、互换四种基本衍生品(远期和互换为场外交易品种),及由基本衍生品组合而成的花样繁多的组合品种。一、国际衍生品行业发展现状(一)衍生品市场结构第一,衍生品交易发展势头迅猛。在最近的20年里,全球期货、期权交易量增长速度非常快,1993年 Futures have been in the West for nearly two hundred years, but the true development of derivatives came after the birth of financial derivatives in the 1970s. Derivatives include futures, options, long-term, swap four basic derivatives (forward and swap for OTC varieties), and a combination of basic derivatives from a variety of combinations of varieties. First, the status of the development of the international derivatives industry (a) the structure of derivatives market first, the rapid development of derivatives trading momentum. In the last two decades, the global futures and options trading volume has grown very fast, 1993