Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 59 , 05 January 2024
Open
Access | Article
Future Markets in China and the U.S.: History, Current Situation and Improvement
* Author to whom correspondence should be addressed.
Abstract
Given so much research on future markets in both America and China and their relationships, especially in commodities, such as oil and agricultural products, it was noticed that the researchers have done excellent research, which is, however, incomplete. This research is done in the belief that there is a lack of research on the comparison between Chinese and American future markets. This paper mainly focuses on three aspects of the two markets: (i)history and social factors (ii) types, duration, and transaction mechanism (iii) nature of regulatory structure study, and reach conclusions that after over a hundred years of development, the future markets in the United States have gone through much more challenges and more perfect. While learning from the experiences of the American future markets, China may need to pay more attention to improving the newly established laws on future markets, while considering the technological progress, as the future markets become more and more mature.
Keywords
future markets, history, transaction mechanism, regulatory structure
References
1. Nguyen, D. K., Sensoy, A., Sousa, R. M., & Salah Uddin, G. (2020). U.S. equity and commodity futures markets: Hedging or financialization? Energy Economics, 86, 104660–15. https://doi.org/10.1016/j.eneco.2019.104660
2. Jia, R.-L., Wang, D.-H., Tu, J.-Q., & Li, S.-P. (2016). Correlation between agricultural markets in dynamic perspective—Evidence from China and the US futures markets. Physica A, 464, 83–92. https://doi.org/10.1016/j.physa.2016.07.048
3. Ahmed, A. D., & Huo, R. (2021). Volatility transmissions across international oil market, commodity futures and stock markets: Empirical evidence from China. Energy Economics, 93, 104741–. https://doi.org/10.1016/j.eneco.2020.104741
4. Lu Xinjie,Ma Feng,Li Haibo & Wang Jianqiong.(2023).INE oil futures volatility prediction: Exchange rates or international oil futures volatility?. Energy Economics. doi:10.1016/J.ENECO.2023.106935.
5. Liu Shan & Li Ziwei.(2023).Macroeconomic attention and oil futures volatility prediction. Finance Research Letters. doi:10.1016/J.FRL.2023.104167.
6. Huang Xiaozhou,Wang Yubao & Song Juan.(2023).The Chinese oil futures volatility: Evidence from high-low estimator information. Finance Research Letters. doi:10.1016/J.FRL.2023.104108.
7. Lyu Zhichong,Ma Feng & Zhang Jixiang.(2023).Oil futures volatility prediction: Bagging or combination?. International Review of Economics and Finance. doi:10.1016/J.IREF.2023.05.007.
8. Zhang Yichi,Wang Run,Feng Liyan & Ouyang Yan.(2023).Comprehensive Evaluation of New Energy Investment in the Maritime Silk Road(Ⅰ). China Oil & Gas(03),30-33.
9. ZHAO Shengbo,WANG Xingping,LI Kailun & LI Yingcheng.(2022).Evolution and influencing factors of the transnational investment network of China–Africa international cooperation parks. Journal of Geographical Sciences(11),2205-2228.
10. Yao Xie,Ya-jun Yin,Dong-xin Wang,Jian-xin Zhou,Jun-yi Li,Xiao-yuan Ji... & Wei Fu.(2022).Effects of Ag,Co,and Ge additions on microstructure and mechanical properties of Be-Al alloy fabricated by investment casting. China Foundry(05),435-442.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).
- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-209-1
- ISBN (Online)
- 978-1-83558-210-7
- Published Date
- 05 January 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/59/20231092
- Copyright
- 05 January 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited