Sugar Futures Liquidity Empirical Research

Market liquidity is a measure of the quality of the financial market as an important indicator of a rich market liquidity allows investors access to lower cost markets, therefore, enhance the confidence of investors and maintain market stability and promote sustainable and stable development of the market size has important and far-reaching significance. The last century have occurred since the early 80s, as well as a series of crisis in 2008 caused the U.S. sub-loan crisis of the global financial crisis to the entire financial system and the smooth operation of the global economy have a severe negative impact to the financial system and real economy are serious shocks, fully exposed the vulnerability of financial markets, and the extreme lack of market liquidity crisis has become a significant feature of this end, many scholars aware of the liquidity in the financial markets the importance of the market as a measure of its quality and efficiency indicators of a need to start trying to use economics and finance theory and research methods.In this paper, the theoretical research and empirical analysis, qualitative analysis and quantitative analysis of a combination of research methods, both at home and abroad in the collection of relevant information based on the concept of futures market liquidity were clearly defined; futures markets at home and abroad, the measurement of mobility based on the introduction of the new liquidity measure L indicators. At the same time, this paper to do their own practical experience of white sugar futures on the Zhengzhou Commodity Futures Exchange sugar futures market liquidity, empirical analysis, the respective scale from the perspective of liquidity measure separately both macro-and micro-starting, and the adoption of new measurement methods on the sugar futures market liquidity, empirical analysis. At the same time, study the impact of the mobility factor, the use of multiple linear regression model, the impact of mobility on a variety of indicators have done a detailed analysis. Sugar futures and cotton futures and analyzed, thus sugar futures on China's level of mobility of the actual situation of making a comprehensive evaluation and a more comprehensive manner, and some to improve their mobility recommendations.