Research on the Risk Control of Stock Index Futures

As the hedging instrument of the main financial field, the Stock Index Futures have already developed into the main product in the ripe financial market. This paper proposes the risk characteristics of Stock Index Futures. And using the method of VaR to evaluate the risk of Stock Index Futures market, and then raise the GARCH model to estimate the value of VaR because of the limitation of VaR. And the fourth part makes a risk control system in the Stock Index Futures market through constructing the Supervisory System and implementing the Margin Institution strictly. And finally Suggest strengthening the management of the Stock Index Futures market.