摘要
文章从交割率计算、持仓量、交易头寸集中水平与实物交割关系入手 ,实证检验了二者的内在高度相关性 ,指出风险监控应以实物交割安全为中心。要确保实物交割安全 ,不仅要从交割环节 ,更应从交易环节做起。
This article examined the high relativity between futures trading and practical delivery through calculating the delivery rate, empirically analyzing open positions, its concentration level and practical delivery relationships. It pointed out that the risk control center must be getting the practical delivery safety. To insure the practical delivery safety, it should be done from not only the delivery stage, but also the trading stage. Finally, was the trading positions control model based set up on the above research
出处
《华中科技大学学报（社会科学版）》
2003年第1期63-67,共5页
Journal of Huazhong University of Science and Technology(Social Science Edition)
基金
国家自然科学基金项目 (70 172 0 46)
关键词
实物交割
交割率
持仓量
头寸集中水平
风险监控
practical delivery
delivery rate
open positions
positions concentration level
risk control
