交易机制的选择主要取决于对市场质量的权衡与估测,是市场设计的重要内容,股票价格波动性就是市场质量权衡过程中的重要指标。随着我国股票市场规模的扩大,我国股票市场的国际影响力也不断提升,本文从交易机制与股价波动性的关系入手,对交易机制与股票价格波动性关系进行了实证研究。 The choice of trading mechanism mainly depends on the trade-off and estimation of the market quality. It is an important part of the market design. The stock price volatility is an important index in the market quality trade-off process. With the expansion of the stock market in our country, the international influence of the stock market in our country is also rising constantly. This paper starts with the relationship between the trading mechanism and stock price volatility, and makes an empirical study on the relationship between the trading mechanism and stock price volatility.