摘要
流动性是体现金融市场的质量与效率的简洁有效的指标之一,文章拟用u-mart平台就投资者结构对期货市场流动性的影响进行仿真研究。指出噪音交易者对于提供市场流动性的作用。其在市场参与者中的比例与市场流动性的关系并不能完全确定,但大约占60%时效果最好。
liquidity is the most effective indicator that reflects the quality and efficiency of financial market.In the background of the launch of stock index futures in our country,we use u-mart software to run the computational experimental simulations in this paper.Found that noise traders have played a significant role on the provision of liquidity.The relationship between market liquidity and the proportion of the noise trader is close,and in the range of about sixty percent approximately.
出处
《价值工程》
2012年第9期122-123,共2页
Value Engineering
