Research on Dominant Transaction Costs of China's Oil Futures Market

The most important factor of influencing the futures market efficiency is futures trading costs.This paper comprehensively analyses all kinds of dominant transaction costs of rapeseed oil,soybean oil and palm oil futures including membership fees,margin,handling fees and delivery fee of the Chinese oil futures market listing.Combined with the system background from which China's oil futures market trading costs have arisen,the paper also proposes some suggestions of reducing transaction cost of the oil futures market in China and increasing the working efficiency ranging over perfection of China's oil future market system,innovation of futures delivery system and establishment of the legal system of futures market.