程序化套利交易是海外一种成熟的投资方式,与单向的投机交易相比,套利交易的风险相对较小,收益更为稳定,非常适合资金量较大、追求稳定收益的投资者。本文以上市不久的股指期货为例,从实战角度对比各种套利模式,对程序化套利交易做了初步的探讨,并给出相应的操作建议。 Programmatic arbitrage is a mature overseas investment. Compared with one-way speculative transactions, the risk of carry trades is relatively small and the returns are more stable. It is very suitable for investors with large amount of funds and pursuing stable returns. Taking stock index futures listed in the near future as an example, this article compares various arbitrage modes from the actual combat angle, makes preliminary discussions on programmed arbitrage transactions, and gives corresponding operational suggestions.