Research On The Price Manipulation In Chinese Futures Market

After more than a decade's difficulty experience, the Chinese futures markets have been on the way of quick and healthy development. However, the futures market has developed from the out-of-order to the order, taking place several important futures manipulation incidents, directly giving the destructive result for chinese futures market.How to recognize futures manipulation case and how to restrain manipulation become the core of academic research.Basing this two points,this paper used the experience of other correlative documents for reference,adopted theory analyse, model analyse, and empirical study futures manipulate. This text is the overview about futures manipulates , and the purpose is overall understanding for the futures manipulates. Mainly including:basing the definition of the futures manipulate of many countries , we give united definition about the futures manipulate. We analyse long and short manipulate appearance, and we have others manipulate appearance as well. We discuss the law restrict of futures manipulate between the United States and Chinese futures markets ;Finally we give some review and analysises about the important affairs of futures manipulates. Secondary, according to the market performance of the manipulated futures contract, We make use of the related amount of price data to carry on the substantial evidence research towards about manipulate contract.Its main purpose is to judge the futures manipulate accurately by using the amount's method. Finally,we take the first step into the current anti-manipulate situation of china's futures market and also have a short analysis of the cause of it, puting forward the shortage of mechanism.giving some method about anti-manipulate policy in china's futures market.In conclusion, this text comprises futures manipulates of judgement and anti-manipulate ,studied through academic and empirical methods according to the basic situations of price manipulate in Chinese futures market. There will be positive theoretic worth and practical significance for supervisory departments and trading makers.