Backgroud and purpose in 1982 , stock index future was firstly created by kcbt ( kansas city board of trade ) , which was named as value line index future . since then , stock index future has always been developing rapidly , and the stock index future has became the important part of financial market . the development of stock index future has always been promoting the perfection and deepening of the financial market 一、选题背景和意义自1982年美国堪萨斯城期货交易所kcbt首先推出价值线指数期货合约起,股指期货在全世界范围内得到迅速的发展,股指期货市场已经成为金融市场的重要组成部分,其发展推动了金融市场的深化和市场机制的完善。
Following the introduction of kansas city value line index future ( kcvlif ) in february 24 , 1982 , stock index futures has been developed quickly around the world . the market of stock index futures has been the main component of the financial market , it promotes the deepening of the financial market and the perfection of the market mechanism 自1982年2月24日美国堪萨斯城期货交易所( kcbt )首次推出价值线综合指数期货合约后，股指期货在全世界范围内得到了迅速发展，股指期货市场已成为金融市场的重要组成部分，它推动了金融市场的深化和市场机制的完善。
The first stock index futures contract appeared in kcbt on feb . 24th , 1982 . and its transaction volume has been increasing considerably on a global scale . because the stock index futures has the functions of price detection , risk aversion and asset allocation , it has become more and more important in the international financial market and is entitled the most exciting creation 自从1982年2月24日，美国堪萨斯市期货交易所( kcbt )推出第一张股票指数期货合约? ?价值线综合指数期货合约以来，股票指数期货在全球范围内的交易量迅猛增长，很快发展成为全球金融衍生品市场中最具活力的交易品种。
