量化服务在券商行业的应用与分析

发布时间：2018-01-12 18:08

本文关键词：量化服务在券商行业的应用与分析　出处：《西南交通大学》2014年硕士论文　论文类型：学位论文

【摘要】：量化投资,是近几年国内投资领域的热门话题,不少投资机构设立了量化投资部、金融工程部、衍生品交易部等部门,专门从事量化投资工作。对于普通投资者也可以间接地参与到这个市场当中。量化投资提供了全新的交易方式,丰富了投资者的投资渠道,短短三、四年的发展已经初具规模。笔者以量化投资的发展为背景,结合其独特的交易方式,分别从投资环境、交易制度、策略类别与开发流程等多方面因素,对量化服务在国内投资领域的应用展开分析,并从中寻找到迎合券商行业发展的契机与方法。由此,笔者提出了“量化服务”这一适合券商发展的全新业务模式,并且对具体的实施方法展开论述,包括：研究分析的支持、交易环境的部署、管理平台的帮助、衍生服务的配合以及五项具体的内容细则,将券商在现有条件下所能提供的服务,渗透到量化投资的各个环节,尽可能地实现量化服务与量化投资无缝对接。在论证方面笔者还运用了SWOT分析方法,从券商发展的视角对量化服务业务制定了战略目标,重点分析了券商量化业务的发展现状,提出以量化服务业务为导向的战略措施,其中包括组织结构、实施条件、预期收益、短期目标和远景规划等五个方面。接着,笔者则通过一个实际案例,展示了量化服务在实际工作当中的应用,以及通过对本案例的分析,我们所得到的启示。文章的最后部分是本文的结论。量化服务业务不仅让券商实现差异化的发展模式、创造新的利润增长点,还满足了量化投资各方参与主体的实际需求,提高投资效率,共同推进量化投资能够在国内金融市场平稳、健康的发展。
[Abstract]:Quantitative investment is a hot topic in field of domestic investment in recent years, many investment institutions set up quantitative investment department, financial engineering, derivatives trading department, specializing in quantitative investment. For ordinary investors can also indirectly involved in this market. Quantitative investment provides a new way of trading, the rich investors the investment channel, just three, four years of development has begun to take shape.
The author is based on the background of the development of quantitative investment, combined with its unique way of trading, respectively, from the investment environment, trading system, multi factor strategy categories and development process, analysis and application of quantitative service in the field of domestic investment, and find to meet the development opportunity and method of firm bonds industry. Thus, the author put forward the "quantitative service" which is suitable for the development of new brokerage business model, and discusses the specific implementation methods include: analysis support, transaction environment deployment, management platform to help derivative service as well as five specific content rules, the broker under the existing conditions can provide the service, penetrated into all aspects of quantitative investment, to achieve quantitative and quantitative investment service seamless as possible.
In the aspect of the use of SWOT analysis method, from their perspective on the development of the quantitative service business strategic objectives, analyzes the current situation of the development of securities business and proposes the strategic measures to quantify, to quantify the service oriented, including organizational structure, implementation conditions, the expected return, the five aspects of short-term goals and long-term planning.
Then, through a practical case, the author shows the application of quantitative service in practical work, and the inspiration we get from this case analysis.
The last part is the conclusion of this paper. Quantitative service not only allows brokers can achieve differentiated model of development, create new profit growth point, but also to meet the actual demand of quantitative investment of all parties, improve investment efficiency, to jointly promote the quantitative investment in China financial market stable, healthy development.

【学位授予单位】：西南交通大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.51

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