Impact of the Adjustment of Maximum Order Volume on Pricing Efficiency of Stock Index Futures in China

Figure 9

Dynamic factor analysis of pricing efficiency for IC, IF, and IH contracts: (a) IC1704; (b) IC1705; (c) IC1706; (d) IC1709; (e) IF1704; (f) IF1705; (g) IF1706; (h) IF1709; (i) IH1704; (j) IH1705; (k) IH1706; (l) IH1709.

(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

(k)

(l)