But there are too many pure futures speculators without pricing power. The fluctuation range of the three is the same, but the contract value is different. In addition, COMEX Copper has only 45 minutes of suspension time every day. The trading time of lme copper is much shorter. After lme copper electronic trading, it is very cumbersome to confirm the delivery by phone, which is not suitable for individuals. Need to calculate the daily profit and loss according to the spot. LME and shfe are cathode copper, and comex is refined copper.
Extended data:
Main problems:
(1) The scale of the futures market and the variety of listed transactions are limited, which affects the overall function of the futures market.
(2) The speculative component of the futures market is too heavy, and the overall efficiency of the futures market is not high.
According to the analysis of modern economics, the futures market belongs to the category of "incomplete market". In this market, the level of commodity prices largely depends on the expectations of buyers and sellers for future prices. It is precisely because of the lack of varieties in the futures market that a large number of enterprises that need to avoid price risks have no suitable safe havens and become the source of irrational speculation.
2. The important function of the futures market in the market economy is to enable all kinds of producers and businessmen to avoid price risks through hedging, so as to feel at ease in the operation of the spot market.
3. Market participants are not mature enough.
(C) The futures market risk management tools are lacking, and the mechanism needs to be improved.
(D) the regulatory model does not adapt to the development trend of the futures market.
(5) We don't pay attention to the research of futures theory and can't solve the new deep-seated problems in practice in time.
Baidu encyclopedia-futures market