Financial instruments involved in financial engineering are: Commonly used financial instruments include forwards, futures, options and swaps. According to the classification, financial instruments can be divided into spot financial instruments and derivative financial instruments. In spot financial instruments, there are four kinds of market information: foreign exchange market, money market, emotional market and stock market. In derivative financial instruments, such as forward ratio (including forward exchange rate, forward interest rate and its agreement and comprehensive forward foreign exchange agreement) is directly involved. Financial futures (including short-term interest rate futures, bond futures and stock index futures, etc. ), swaps and financial options. Characteristics of financial engineering; ; And basic types; The first kind of financial information belongs to macroeconomic and industrial information, because any financial market activity can not be separated from the trend of macroeconomic changes and the trend of industrial or industrial economic activities. Therefore, in addition to industrial institutions, this part must also include macroeconomic statistical information, economic monitoring and business cycle information, as well as various macroeconomic policy information that affects economic activities. Production and consumption (supply and demand), industrial layout and other fields of information. The second kind of financial information belongs to all kinds of financial market information, including direct financing market information and indirect financing market information. From the specific content of information, it can also include information in the fields of currency bill market, capital market, foreign exchange market, precious metal market, financial futures market and international financial market. The third kind of financial information belongs to enterprise financial information, especially the financial reports and financial statements of various enterprises including listed companies. In common financial engineering applications, such as hedging, speculation, arbitrage and structural combination, there are three "inseparable" in all these applications: financial information database. It is inseparable from the calculation model, risk and decision analysis. The tools and techniques of risk management are the core of financial engineering, and financial information is the foundation of financial engineering. Therefore, modern financial engineering must use modern financial theory and rely on the development of information technology and information resources to establish various flexible and effective control models to achieve the best control of risks.