论文部分内容阅读
期货交易是相对于现货交易而言的一种交易形式。现货交易是买卖双方在交易现场银货两讫,即通常说的“一手交钱一手交货”。而期货交易则是买卖双方在签定交易合同(并交付部分货款)之后,在未来一定期限内按合同规定的价格交货、付款。当然在签定合同到交货的这段时间内,商品等级、交货期和价格都可以根据当时现货市场的状况,通过运用一整套国际标准化的公差系数进行计算后做出相应的调整。期货交易可以使卖方的产品售得合适的价格,同时也可以使买方避免价格风险,是一种互惠的交易形式。期货交易中最常见的交易现象是所谓的“套头交易”。短期套头交易者在现货市场上购进现货,同
Futures trading is a form of trading relative to spot trading. The spot transaction is a transaction between the buyer and the seller at the transaction site, which is usually referred to as “one-handed delivery of money.” The futures trading is the buyer and seller after the signing of the transaction contract (and delivery of part of the payment), in the future within a certain period of time at the contract price, delivery and payment. Of course, during the period from the signing of the contract to delivery, the merchandise class, delivery date, and price can all be adjusted according to the conditions of the spot market at that time by applying a set of internationally standardized tolerance coefficients. Futures trading can sell the seller’s products at an appropriate price, and at the same time, it can also make the buyer avoid price risk. It is a reciprocal transaction form. The most common trading phenomenon in futures trading is the so-called “hedge trade”. Short-term hedge traders purchase spot goods in the spot market.