开发新衍生品合约需要耗费大量资源,且并不是每一个新合约都会成功。本文对全球部分失败衍生品合约分析发现,现货保值需求不足、交易成本过高、合约规模太大以及交割规则不合理等因素,都可能导致合约交易量偏低甚至退市。文章最后还分析了沪深300指数可能影响交易量的潜伏缺陷。 It takes a lot of resources to develop new derivatives contracts, and not every new contract will be successful. In this paper, some global failed derivatives contract analysis found that insufficient demand for hedging, high transaction costs, too large contract size and unreasonable delivery rules may lead to low or even delisting contracts. Finally, the article also analyzes the latent defects that the CSI300 may affect the trading volume.