The article examines the lead-lag relationship in returns on stock index futures and spot market from the Asia practice; the trading volume change relationship between stock index futures and spot market; the impact of stock index futures on stock price fluctuation. The conclusions drawn are that stock index futures may not enhance the spot market fluctuation. Stock index futures can strengthen the marketplace stability; they can perfect our countries capital market structure and function.
Keywords-stock index futures; spot market; trading volume; price fluctuation
I.978-1-4244-2108-4/08/$25.00
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.