空盘量

总体而言，在空盘量不变的情况下，期货价格收益的波动性随着交易量的增加而加大，随着交易量的减少而降低；

Generally , the volume will increase the volatility of returns with the volume increase if the open interest is constant .

空盘量是除交易之外刻画期货市场交易活跃程度的另一个重要指标。

The open interest , which is differ from returns and can describe changes of volatility , is an important index in futures market .

空盘量变动对我国期货市场期货价格收益波动性的影响

Analyses of Volatility between Open Interest and Returns in China 's Futures Market

实证结果表明，交易量与期货价格收益之间具有正向关系，空盘量与期货价格收益之间具有负向关系。

The empirical results show that the volume has positive and the open interest has negative impact on volatility of returns respectively .

利用构建的计量经济学模型对我国期货市场波动性与收益率、交易量和空盘量之间的内在关系进行了实证研究。

The intrinsic relationships between volatility and returns , trading volume , open interest are empirically investigated by utilizing econometric models developed for Chinese futures market .