Does Futures Market Have the Function of Price Discovery?
期货市场具有价格发现功能吗？
One of the important function of index futures is price discovery.
股指期货套利的一大重要功能就是价格发现。
The presence of mispricing is not conducive to the realization of market price discovery.
错误定价的存在不利于市场的价格发现功能实现。
This indicates that Shanghai copper future market has a good function in price discovery.
研究结果表明上海铜期货市场有较好的价格发现功能。
The function of futures markets is price discovery, price risk hedging, and market efficiency improving.
期货市场的功能在于价格发现、价格风险规避及市场效率提高。
Therefore, copper, aluminum, soybean and wheat futures markets all have a certain price discovery function.
因此，铜、铝、大豆和小麦的期货市场均具备一定的价格发现功能。
Moreover, both spot and futures markets play important price discovery roles and the futures market is more dom...
期货市场和现货市场都扮演价格发现角色，且期货市场在价格发现中处于主导地位。
Currently, the research in stock index futures mainly focused on pricing, price discovery, arbitrage, hedging and so on.
目前，国内外有关股指期货的研究主要集中在定价、价格发现、投机套利、套期保值等方面。
Constant spot market, price discovery and price risk hedging can only be achieved in mature and effective futures market.
只有成熟和有效的期货市场，才能起到分散风险、稳定现货市场、价格发现、套期保值等作用。
The research to the liquidity of stock index futures simulation trade in Shanghai futures exchange and the price discovery is valuable.
因此对上海期货交易所股指期货模拟交易流动性，以及价格发现的研究显有价值。
It also analyzes the reason of contract farming risk. The fourth chapter mainly introduces the risk revise and price discovery function.
第四章重点在于介绍农产品期货市场的风险转移功能与价格发现功能。
In the long run, the information transmission function and the price discovery function will improve the effectiveness of the spot market.
从长期来看，其信息传递功能和价格发现功能有助于提高现货市场的有效性。
The futures market is an advanced pattern and it has some basic functions such as price discovery and hedge and other derivative functions.
期货市场是一种高级的市场形式，它具有价格发现及套期保值的基本功能和其他的衍生功能。
As a fundamental topic of the researches on the price discovery, the efficiency of price discovery has been paid a great deal of attention.
价格发现效率作为价格发现的一项基础研究一直备受理论重视。
So the empirical research on price discovery efficiency can also benefit for understanding the efficiency of some specific trading mechanism.
因此，对价格发现效率的实证研究将有助于人们理解特定市场上交易机制的效率。
From the overall economic point of view, risk aversion and price discovery functions in the futures market help stabilize price fluctuations.
从经济运行的全局看，期货市场规避风险和价格发现的功能有利于平抑价格波动。
Restricted by cash market, the conflict exists between the efficiency and the unbiasbility of the wheat futures market price discovery function.
受现货市场的制约，小麦期货市场价格发现功能有效性与无偏性存在矛盾。
This paper focuses on the intrinsic mechanism of the price discovery function and discusses the empirical results in the overseas securities market.
文章重点探讨了卖空机制价格发现功能的内在机理以及境外市场关于这一功能的实证结果。
In the order-driven trading model, the price discovery is initiated by orders to buy or sell being submitted by the trading participants. Orders carry the.
在委托单驱动交易模式中，价格发现是由交易者提交的买单或者卖单启动的。委托单包含公司购买或者出卖合约的约束性条款和头寸。
Through effective oversight, the CFTC enables the futures markets to serve the important function of providing a means for price discovery and offsetting price risk.
通过有效的监督，商品期货交易委员会使期货市场服务的重要职能，提供了一种手段，价格发现和弥补价格风险。
The secondary market gives a continuing opportunity for buying and selling and price discovery, and provides the liquidity that allows the primary market to function.
二级市场为买卖和价格发现提供连续性机会，并为初级市场的运转提供流动性。
This paper analyzed the price discovery relationship between futures market and spot market of non-ferrous metals in China by using the method of panel co-integration.
运用面板协整方法分析我国有色金属期货市场现货市场的价格发现关系。
The futures market can not solve all the problems confronted in the course of the reform, but it can play its unique role in the price discovery and price risk hedging.
期货市场并不能解决粮改中遇到的所有问题，但是在发现粮食市场的远期价格和规避现货市场的风险方面，可以发挥其独特的作用。
The research findings: the long-run equilibrium relationship between futures prices and the spot price, but the price discovery function of wheat futures market is very weak.
研究结果显示：我国小麦期货价格与现货价格存在长期均衡关系，但是小麦期货市场的价格发现功能很弱。
Therefore, the derived market should be set up to provide the mechanism of passing of the risk and the mechanism of price discovery. With the development of out economic marke…
此时，就必然要求建立衍生市场来提供完善的风险转移机制和价格发现机制。
Therefore, the derived market should be set up to provide the mechanism of passing of the risk and the mechanism of price discovery. With the development of out economic marke…
此时，就必然要求建立衍生市场来提供完善的风险转移机制和价格发现机制。
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