spot stock

Then the article modify GARCH model and introduce dummy variable ω, the assignment by dummy variables ω defined in the time features of the sample data, the coefficient λ of dummy variable ω reflects the volatility of spot market price after the listing of stock index futures.

再对GARCH模型进行修正，引入虚拟变量ω，通过对虚拟变量ω的赋值界定样本数据的时间特征，虚拟变量ω的系数λ则反映股指期货上市后现货市场价格波动的变化程度。

To meet the demand of risk management in the spot market, stock index futures appeared in 1982.Although only a short period of 20 years, the stock index futures showed strong vitality and pushed the development of financial futures markets to new heights.

自1982年首个股指期货合约在美国诞生以来，尽管只有短短的二十多年发展历史，但它一出现就显示出强大的生命力，并把金融期货市场的发展推向了新的高峰。

For short-term traders in the spot market, they may refer to stock index futures price for making investment decision, then set up a risk management system between stock index futures market and spot market.

对于现货市场的短线交易者，可以参考股指期货价格走势作为投资决策方向的一个预判指标，在股指期货市场和现货市场之间构建-个风险管理体系。

The changes of stock index futures price is ahead of the spot market, and the futures market has the function of price discovery.

我国股指期货价格变动领先于现货市场的价格变动，期货市场具有价格发现功能。

Finally, through graphic analysis, a mutual benefit pattern between Shanghai-Shenzhen 300 futures and spot goods can be achieved by the manipulation of weighted stock on Shanghai Composite Index.

最后利用图解分析通过权重股操纵上证指数进而实现沪深300期货和现货共同获利的模式。

It is true that stock trading is the spot.

不错,股票交易是现货交易.

The pair wise granger causality test suggests that the stock index futures price and spot market price are mutual granger reasons. Both the derivative and cash market have effect on the price process.

在VAR模型下的格兰杰因果检验中发现股指期货和现货价格互为格兰杰原因，表明价格发现是两个市场相互作用的过程。