The preceding paragraph shall not apply, when a securities company trades securities as a result of underwriting or participates in financial derivative transactions for risk hedging purposes.
证券公司因包销而买卖证券，或者为对冲风险参与金融衍生产品交易的，不受前款规定的限制。
As the main object of derivative transactions, the risks of financial derivatives are whether the contract can be set up and carried out effectively.
金融衍生产品作为衍生交易的客体，其风险来自于合同能否有效成立和执行的风险。
It has become a system in the entire financial market an indispensable component of the derivative transactions has become a measure of a mature financial market is mature signs.
它已经成为整个金融市场体系中不可或缺的重要组成部分，衍生金融工具交易是否成熟也成为衡量一个金融市场是否成熟的标志。
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