At the beginning of 21 century, the growing up of Single Stock Futures(SSF) ( SSF ) has been the newest development characteristic of international financial futures markets, and it's labeled as " the ultimate derivatives ". 2l世纪伊始,单一股票期货(SSF)交易的崛起,已经成为国际金融期货市场的最新发展特点,有最终衍生品之称。
Artificial stock index futures market ( U-Mart ) market structure of the single market for the stock index futures trading, we can only trade futures contracts, and there is no two-way market mechanism. 人工股指期货市场(U-Mart)的市场架构为股指期货的单市场交易,我们只能在其中买卖期货合约,不存在期现市场的双向作用机制,也不存在跨市场套利行为。
Although the variety in the Chinese stock index futures seems to be single, rapid growth, the stock index futures exchange volume, open interest increases steadily, mechanism of hedging, arbitrage demand tends to be intense, and the investor structure is gradually optimized. 尽管当前我国股指期货品种单一,但成长迅速,成交量、持仓量稳步提升,机构套保、套利诉求日趋强烈,投资者结构逐步优化。