¹School of Management, Fudan University, Shanghai 200433, P.R.China
²School of Information Management and Engineering, Shanghai University of Finance and Economics, Shanghai 200433, China
³School of Information, Fudan University, Shanghai 200433, China

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Abstract—As an important financial derivative tool, SIF (stock index futures) gets an indispensable effect in the stock market for investors, including hedging, discovering price and resisting risk. The transaction mode and regulations of SIF are subject to change due to rapid financial products innovation, especially in an emerging market. Therefore, in SIF transaction, one of the essential requirements of business support system is flexibility. After analyzing current transaction modes and business systems of world famous SIF markets, we present a new solution for flexible business support system with multilayer architecture, object-oriented components and FIB (Futures Exchange Information Bus) router cloud in this paper. The system shows excellent performance in Shanghai Stock Exchange with the top 4 largest transactions in the world.

Index Terms—SIF (Stock Index Futures), business support system, flexible system

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Cite: Hongzhi Hu, Weihui Dai, Yonghui Dai, Hai Sun, Peiran Zhang and Xiaofei Liu, "Flexible Business Support System for Stock Index Futures Transaction," Journal of Software vol. 7, no. 11, pp. 2630-2639, 2012.