The Simulation Research Based on the Impact of Investor Structure on the Futures Market Liquidity
liquidity is the most simple and effective indicator that reflects the quality and efficiency of financial market. In the background of the recent launch of stock index futures in our country, it is a good idea to use the computational experimental simulations to research the liquidity of the stock index futures market. The result shows that noise traders have played a significant role on the provision of liquidity. The relationship between market liquidity and the proportion of the noise trader of all participants cannot be fully determined, but in our paper when there is about sixty percent of noise trader in the market is the best situation.
investor structure market liquidity U-Mart
YANG Yi XIONG Xiong WEN Kaiqiang ZHANG Yongjie
College of Management and Economics, Tianjin University, Tianjin, P. R. China
国际会议
2011 泉州技术管理研讨会(Quanzhou Conference on Management of Technology MOT2011)
福建泉州
英文
171-175
2011-04-16（万方平台首次上网日期，不代表论文的发表时间）