期货

After 1999, as stock markets are more and more mature, the institute investors become stronger and stronger, especially the stock market bumbled since 2001, the investors lost heavily, so the requirement of opening stock index futures became higher and higher.

股指期货有何市场功能，这些功能在当前证券市场深化过程中有何特殊意义，我国目前推出股指期货的条件是否具备，对此理论界与实际部门都十分关心。

The history of futures has had more than ten years old since 1990's in China. Our financial supervision system and futures market have been developing as the same time. So a lot of problems have boomed, supervisors、brokers and investors are also pullulated and maturated in this period.

我国的期货市场起源于上世纪九十年代，迄今已有十几年的历史，由于我们的管理制度同期货市场一同发育的，因此整个市场出现了很多问题，在这期间，监管者、投资中介和投资者是共同成长、成熟的。

Therefore, the relaunching of China\'s treasury future trading should borrow the successful lessons from developed countries, in order to design scientific and rational treasury future contract.

因此，重推中国国债期货交易应借鉴发达国家的成功经验，设计科学、合理的国债期货合约。

Currently, Chinas futures industry is fully reshuffled and polarized, and securities companies raised carpet-acquisitions to the futures companies.

目前我国期货行业充分洗牌、分化，证券公司掀起对期货公司&地毯式&收购浪潮。

In Chapter Four,a Contract Selection and Assessment Model is used for the first time to measure the change of overall risk of Stock Index Futures Contract, because most of the conventional models for valuating hedging efficiency of Stock Index Futures Contract are based only on reduction of cash price risk.

由于目前度量股指期货合约套期保值效率的模型大多仅仅考虑了现货价格的风险减少，因此在本文第四章中首次提出了一种度量股指期货合约整体风险变化的合约选择与评价模型。

ICE12 on cotton futures contracts on the 16th to close up 203 points to close at 49.57 cents/lb. March cotton futures contract rose 151 points to close at 53.39 cents/lb.

ICE12月棉花期货合约16日收盘上涨203点，收报49.57美分/磅。3月棉花期货合约收盘上涨151点，收报53.39美分/磅。

However, the purpose of this paper is not to draw a conclusion, but to analyze the trait of futures market with a scientific and careful attitude and help domestic crushers to master effective methods and approaches to utilize futures market for better management.

但本文的目的并不在乎于某种结论，而是旨在以一种科学认真的态度探索一种帮助油脂企业分析期货与现货价格的运行特点，充分利用期货市场的两大功能为未来的生产经营服务的有效方法与途径。

Futures market of copper performs about 86.8 per cent of the price discovery function and the cash market 13.2 per cent, which indicates that the futures market of copper dominants in information flow and price discovery.

由铜的期货市场完成的价格发现高达86.8%，而由现货市场完成的仅占13.2%，铜期货市场在价格发现、信息流方面占有绝对优势。

Jiang Fan Chongqing in mainland stock index futures through investment companies and research and design center in China's securities markets China stock index futures research center founded in 1995, including investment of Chinese enterprises and a big business in the domestic financial investment.

在大陆通过重庆江帆股指期货投资公司与中国证券市场研究设计中心中国股指期货研究中心于1995年创立，投资对象包括中国企业及在国内拥有庞大业务的金融投资。

However, once the Hong Kong launch of A50 Index Futures, the plate and two AH shares to the overall relationship between the stock market there will be a fundamental change, because A50 index futures arbitrage provided new tools and platforms, to circumvent the mainland do not have this product brought about by market imperfections.

但是，一旦香港A50指数期货的推出，阿板和两个股之间的整体关系股市会有根本的改变，因为A50指数期货的套利提供了新的工具和平台，以规避大陆不本产品所带来的市场缺陷。

The labia have now been sutured together almost completely.The drains and the Foley catheter come out at the top.

此刻阴唇已经几乎完全的缝在一起了，排除多余淤血体液的管子和Foley导管从顶端冒出来。

To get the business done, I suggest we split the difference in price.

为了做成这笔生意，我建议我们在价格上大家各让一半。