The Influence Of Stock Index Futures On The Stock Market Volatility From The Perspective Of Stock Market Crash In China 2015

This writing background is during July 2014 to August 2015,the Chinese stock market has experienced a fast bull and bear market,in this market,for example,thousands of stocks drop stop,thousand shares were suspended,weekly decline such a lot of phenomenon is refreshed in the stock market,especially during June to August in 2015.China’s stock market is experienced the baptism of a disaster,finally out of the predicament,this paragraph is doomed to be China’s stock market firmly in mind.From the general situation of stock index futures,brief introduction of stock index futures market in the United States and describes the development of our country currently listed three big stock index futures,and theoretically analyzes the relation between the stock index futures and stock market.Then introduced to the market crash,through specific data analysis and error correction model test,finally it is concluded that the stock index futures is increased the volatility of the spot market,there are help falling action,and help lower effect than fuel.But sound captical market is in need of stock index futures,all kinds of restrictions of stock index futures is a special measures under the circumstance of market the special market situation now in the past,to make the healthy development of captical market cannot simply place ban on trading varieties measures,but should be a fundamental trading system and supervision system to go up and perfect the trades,the experience of mature markets for the development of stock index futures five suggestions are put forward.