Future Markets in China and the U.S.: History, Current Situation and Improvement

Abstract

Given so much research on future markets in both America and China and their relationships, especially in commodities, such as oil and agricultural products, it was noticed that the researchers have done excellent research, which is, however, incomplete. This research is done in the belief that there is a lack of research on the comparison between Chinese and American future markets. This paper mainly focuses on three aspects of the two markets: (i)history and social factors (ii) types, duration, and transaction mechanism (iii) nature of regulatory structure study, and reach conclusions that after over a hundred years of development, the future markets in the United States have gone through much more challenges and more perfect. While learning from the experiences of the American future markets, China may need to pay more attention to improving the newly established laws on future markets, while considering the technological progress, as the future markets become more and more mature.