及降低交易成本的策略
(中南工業(yè)大學工商管理學院， 長沙 410083)
摘 要: 從理論上就期貨交易成本的降低對交易量的影響進行了定量研究，導出了交易成本降低對交易量有乘數(shù)放大效應的結論，即交易量＝交易資金/單位交易成本， 這為期貨市場降低交易成本、 走規(guī)模經營之路提供了有效的方法和理論依據(jù)。 特別是針對我國期貨市場現(xiàn)狀，在對深圳有色金屬交易所等進行深入調研的基礎上，提出了如何降低交易成本、 增大交易量的若干策略, 這對我國期貨市場， 特別是有色金屬期貨市場的發(fā)展有重要的參考價值。
關鍵字: 交易成本 交易量 等比數(shù)列 乘數(shù)放大效應 規(guī)模經濟
（College of Bussiness & Management,Central South University of Technology, Changsha 410083, P. R. China）
Abstract:The influence of reducing futures trading cost on trading volume was studied quantitatively, the result showed that reducing trading cost will multiply trading volume in the futures market, namely, Q=Y/C, which provides effective methods and corresponding theoretical grounds to make futures markets reduce trading cost and run in scale economy way. Especially, according to current situations in China futures market, some suggestions on how to reduce trading cost and increase trading volume were put forward on the basis of investigating and reasearching carefully Shenzhen Nonferrous Metal Exchange and so on, it is of great reference value for the development of China futures market, especially nonferrous metal futures market.
Key words: trading cost trading volume geometric progression multiplier effect scale economy
