期货升水是现货与期货价格之间的正常关系。
Contango is the normal relationship between the spot price and the futures price and is the opposite of backwardation.
解除放空价格限制前后现货与期货都存在双向的波动性外溢，但现货之领先地位增加。
After the limitation on put-option for stock prices is removed, the bidirectionally fluctuation spillover will exist in both stocks and futures; yet, stocks will take stronger leading place.
为了提供一个借鉴，本文选取中国香港市场的恒生中国企业指数现货与期货为对象，研究股指期货的推出对现货市场的影响。
To provide a reference, selecting Hang Seng China Enterprises Index futures in Hong Kong market, the paper studies the impact of the introduction of the stock index futures on the stock market.
一些现货铜商甚至更为悲观，他们表示，“死气沉沉的”现货市场与期货市场之间断开了联系。
Some physical copper merchants are gloomier still, talking of a disconnect between “lacklustre” physical markets and their paper counterparts.
指某一商品的现货价格与期货价格之间的价差。
The difference between the cash price and the futures price of a commodity.
所买卖的期货合约价值与要进行套保的现货商品价值之间比值，用来计算最小化基差风险。
Ratio of the value of futures contracts purchased or sold to the value of the cash commodity being hedged, a computation necessary to minimize basis risk.
受现货市场的制约，小麦期货市场价格发现功能有效性与无偏性存在矛盾。
Restricted by cash market, the conflict exists between the efficiency and the unbiasbility of the wheat futures market price discovery function.
一些现货铜商甚至更为悲观，他们表示，“死气沉沉的”现货市场与期货市场之间断开了联系。
Some physical copper merchants are gloomier still, talking of a disconnect between "lacklustre" physical markets and their paper counterparts.
通过单位根检验，确定硬麦期货与现货价格序列具有一阶差分平稳性即i(1)过程。
The article educed that the series of hard wheat futures and spot prices show their first-order difference stationary, I (1) process, by the unit root test.
以商品铝市场为例，采用多种计量方法，对我国期货市场与现货市场的价格动态关系进行经验实证研究。
The paper uses the manifold Econometric Approach to make an empirical research on dynamic relationship of futures and spot markets prices in China.
期货价格作为未来现货价格的预期价格，与宏观经济因素存在着密切的联系。
The futures price will take the future spot price the anticipated price, and it also affected by macroeconomic variables.
研究结果显示：我国小麦期货价格与现货价格存在长期均衡关系，但是小麦期货市场的价格发现功能很弱。
The research findings: the long-run equilibrium relationship between futures prices and the spot price, but the price discovery function of wheat futures market is very weak.
借助ADL模型和共同因子贡献法进行实证分析，研究了中国黄金期货价格与黄金现货价格的关系。
Using ADLmodel and common factor contribution method conduct empirical analyze China's gold futures prices and the relationship between the spot price of gold.
与现货外汇市场不同，本公司的原油合约是基于ice期货价格(基于下月的现货价格)。这种期货价格是目前世界原油工业最大的价格基准。
Unlike Spot foreign exchange, the oil contract is based the ice futures price (Front-Spot Month). This futures price is the largest price benchmark for the oil industry worldwide.
首先回顾了我国农产品供应链体系的现状，其中包括现货市场供应链子体系、远期市场供应链子体系与期货市场供应链子体系。
This paper reviewed the agricultural products' supply chains system in our country, including spot market, forward contract and futures based supply chains.
与现货外汇市场不同，本公司的原油合约是基于ice期货价格(基于下月的现货价格)。这种期货价格是目前世界原油工业最大的价格基准。
Unlike Spot foreign exchange, the oil contract is based on the ice futures price (Front-Spot Month). This futures price is the largest price benchmark for the oil industry worldwide.
当套利者从仓储成本和期货与现货价格差距之间的差额方面寻求利润的时候，现货和期货价格之间的巨大差距放大了存货的需求。
The wide gap between spot and futures price increased inventory demand as arbitrageurs sought to profit from the difference between warehousing cost and the price gap between spot and futures price.
期货经营机构要积极宣讲股指期货的风险特征及其与股票现货市场操作的显著差异。
The futures business institutions shall actively publicize the risk characteristics of the index futures and the obvious operating differences between the index futures and the spot stock market.
笔者从静态的角度检验了黄金期货价格与到期日现货价格的一致程度，从动态的角度检验了黄金期货价格与现货价格的引导关系。
From the static Angle, we are to test the consistency of gold futures price and spot price while to test that if gold futures price conduct the spot price from the dynamic Angle.
解决了因为很难找到与现货价格相关性强的期货品种，而无法有效进行套期保值的问题。
When the longest holding period of futures contracts is shorter than the hedging period, the hedger has to use two or more futures contracts overlap to hedging for the spot.
论文的目的就是通过把协整理论应用到股指期货市场与现货市场之间的价格关系研究中去，探求两者的长期均衡关系。
Through applying co-integration theory into the research of the relationship between price in spot market and in future market to explore their long-term equilibrium connection.
论文的目的就是通过把协整理论应用到股指期货市场与现货市场之间的价格关系研究中去，探求两者的长期均衡关系。
Through applying co-integration theory into the research of the relationship between price in spot market and in future market to explore their long-term equilibrium connection.
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