股指期货：基本概念丶原理与运作.pdf

2006 9 1 EQUITY INDEX 1982 FUTURES -2005 RESEARCH 40.80 41.25% 44.66% 80% SP500 SP500 FTSE 100 Nikkei 225 SP500 300 2006 7 6 A 58470.99 300 41588.73 A 71.13% 300 7 6 300 22.722% 300 12.539%300 138.526 300 300 (MINI)CME SP500 256 HKEX 79.5 300 100 14 1.4 2006.7.19 Speculating Hedging Price Discovery (r −δ)T e T F S e F S 0 0 0 0