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

<table class="table-group" id="tab12"><tr><td><table class="table"><tr><td class="thead-hr" colspan="4"><hr/></td></tr><tr class="thead"><td class="align_left"> </td><td class="align_center">IF</td><td class="align_center">IC</td><td class="align_center">IH</td></tr><tr><td class="thead-hr" colspan="4"><hr/></td></tr><tr><td class="align_left">Before the event</td><td class="align_center">0.189173</td><td class="align_center">0.186729</td><td class="align_center">0.159624</td></tr><tr><td class="align_left">After the event</td><td class="align_center">0.188856</td><td class="align_center">0.183067</td><td class="align_center">0.156076</td></tr><tr class="table-tr"><td colspan="4"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>The pricing efficiency of IF, IC, and IH dominant contracts.</div>

Discrete Dynamics in Nature and Society

tab12

Table 12

Table 12: Impact of the Adjustment of Maximum Order Volume on Pricing Efficiency of Stock Index Futures in China 