ch22期货市场分析.pptVIP

22-* McGraw-Hill/Irwin ? 2007 The McGraw-Hill Companies, Inc., All Rights Reserved. 第22章 期货市场Futures Markets 期货市场Futures Markets 22.1 期货合约 22.2 期货市场的交易机制 22.3 期货市场策略 22.4 金融价格的决定 22.5 金融期货 期货和远期合约 Futures and Forwards 远期合约–在未来某一时间以现在商定的价格买卖资产的协议Forward - an agreement calling for a future delivery of an asset at an agreed-upon price 期货合约－将远期合约标准化和正式化 Futures - similar to forward but feature formalized and standardized characteristics 期货与远期合约的主要差异Key difference in futures 二手交易－流动性 Secondary trading - liquidity 集中市场