股指期货特点（Characteristics of stock index futures）.docVIP

股指期货特点（Characteristics of stock index futures） Stock index futures.Txt like me, this is revolutionary need, know?! You cant fold your clothes while you stay! Ill fold it later! I must give you happiness, who do not want to stop. The 1 floor 1., stock index futures five characteristics First, the stock index futures introduced hedging, arbitrage and speculation and other market functions. Among them, the new market information of a large number of real or imaginary based on speculation, causing the stock index futures is active, and therefore change between normal Shun deficit period, is the price, which makes a lot of arbitrage activities to occur frequently, and therefore prompted period, now price movements tend to be the same (which leads to the stock index futures price to a certain extent, can play a role to predict stock price movements). So, speculation brings enough counterparty, and is consistent with the trend of price, guarantee the hedging can successfully achieve the accurate hedge and is between, which can play a role transfer spot price risk. In addition, the analysis also shows that the arbitrage and hedging activities of the market to a certain extent, to curb excessive speculation in stock market futures speculation. Second, because the stock index futures transactions with low cost, high leverage, has the advantages of fast instruction execution, etc. Therefore, investors in the market will tend to receive new information, the priority in the futures market to adjust their positions, which will lead to the short term market price to some extent ahead of stock price. However, the abnormal changes in the current and current price gap will attract more market arbitrage activities, thus ensuring that the spot price will not deviate from the futures price too far. So, in the long run, The essence is still a variety of macro and micro factors fundamentals determine the stock price, the price of the futures market leading change; Third, relative to the s