Factors Affecting The Development Of The Futures Market Analysis

Futures market is an important component of the socialist commodity markets for China’s macroeconomic regulation and control has been a huge role. Futures market helps to balance supply and demand, reduce price volatility, provide a reference for the government’s macro-control, but also to promote the internationalization of China’s economic development is conducive to the establishment and improvement of the market economic system. The main research direction of this paper is the futures market factors. Factors affecting the development of the futures market, including its influence factors, and other factors affecting the two parts. The main factors of its own over the years based on the total monthly futures research for the original data since the futures market related factors. In order to make the autocorrelation model built using the first portion so that a more accurate date of1998-2015data modeling. First, using Eviews software for processing the raw data were applied timing diagram test, autocorrelation test method and three methods of determining the data unit root test method for non-stationary sequence, then the sequence of non-stationary first-order differential treatment is smooth make it smooth, followed by model identification and the establishment of AR (2) model, and finally the application model to interpret, explain the correlation between self-futures market turnover variation. On the other hand, because of the limitations of some of the original data, so this part of the annual data are applied to model the results of a smaller impact. According to the total annual trading volume of futures market research main factors in this part of their futures trend vector autoregression (VAR) model based on the use of the unit root test, impulse response function and variance decomposition method for the measurement of economic analysis for1993-2013year Factors affecting the growth rate of China’s futures market turnover empirical analysis shows a significant factor in the growth rate of retail price changes in the country and the M2is the impact of changes in the size of the futures market turnover, the former on the growth rate of China’s futures market turnover negative direction The effect of the latter on the growth rate of China’s futures market turnover generated effect positive direction. But the impact on both China’s futures market turnover growth will gradually decay with time.