摘要
期货市场价格发现功能的实现是基于期货交易组织化的市场形态基础,在现货市场与期货市场价格关联性背景下,能够让套期保值者与投机商借助期货价格表现,衡量并发现现货商品价格发展趋势。期货市场价格发现功能的最大功用就是准确传递市场信息,透过市场需求变化曲线图,预测现货市场商品价格发展趋势。在分析期货市场价格发现功能内涵本质与作用的基础上,探讨了现货价格与期货价格的不同关系解释,以期利用仓储价格理论深入研究期货市场价格发现功能的价值。
The realization of future market price discovery function is based on future trade organized market form foundation,in the relevance context of spot market and future market price,the price discovery function can help hedger and speculator to measure and discover the sport price development trend by future price performance.The largest effect of future market price discovery function is to accurately transfer market information and predict spot market price development trend through market demand variation curves.Based on analyzing the connotation and effect of future market price discovery function,this paper discusses the relationship explanation between spot price and future price,and hopes to make use of storage price theory to further study the value of future market price discovery function.
作者
李秋霞
LI Qiu-xia(Institute of Finance and Banking Chinese Academy of Social Sciences,Beijing 400000)
出处
《价格月刊》
北大核心
2018年第4期19-22,共4页
基金
国家社会科学基金项目“金融衍生品对河南省经济结构调整促进研究”(编号:172400410211)
