默顿先生曾描述过大阪的堂岛米市(Dojima rice market)如何在17世纪提供远期合约,并于18世纪组织了期货交易。
Mr Merton has described how Osaka's Dojima rice market offered forward contracts in the 17th century and organised futures trading by the 18th century.
由于针对喷气燃料的远期期货市场流动性不佳,绝大多数的套期保值交易都是以西德克·萨斯轻质原油期货合约为交易标的的。
Long-dated futures markets for jet fuel are highly illiquid. Much of the hedging is carried out with WTI contracts but the actual fuel is mainly refined from pricier oils.
自然灾害引致的农产品供给的波动最终会导致农产品价格的波动,但是农场主可以通过购买期货合约和远期合约来对冲掉风险。
Supply fluctuations due to natural disaster create instability in farm prices, but farmers can hedge against such instability by purchasing future or forward contracts.
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