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20世纪70年代以来,金融衍生品的发展成为金融史上最具影响的变化之一,其中,股指期货取得了蓬勃的发展。股指期货市场的发展壮大基于一个健康、稳定、繁荣的现货市场,而股指期货市场的发展反过来又促进了现货市场的稳定,二者互动关联,使得金融市场更加完善。但两个市场又大为不同,本文将从三个问题入手,对这两个市场进行比较:一、两市场的市场规模具有什么样的关联性?二、既然股指期货是应规避市场系
Since the 1970s, the development of financial derivatives has become one of the most influential changes in the history of finance. Among them, stock index futures have made vigorous development. The development and growth of the stock index futures market is based on a healthy, stable and prosperous spot market. The development of the stock index futures market in turn has promoted the stability of the spot market. The interaction between the two has made the financial markets more perfect. However, the two markets are quite different. This article will start with three questions and compare the two markets: What is the correlation between the market size of the first and second markets? Second, since stock index futures should be circumvented by the market