Comparative Analysis on the Study of Third-party Electronic Marketplace
- Chaoyang He, Gengzhong Feng, Qinglan Fan
- Journal of Information, vol. 27, pp. 113-116,2008…
China's bulk stock electronic marketplace has developed fast in recent years, especially in the steel industry which close to the national industry. The forward electronic trading mode is becoming riper with the volume of steel trading in electronic marketplace sharing more market. This study analyzes the dynamic relationship between the forward price of the variety hot rolled strip coil in SSEC and the spot price by performing cointegration test, causality test, and variance decomposition methods, etc., evidences are found that a stable long-run equilibrium relationship exists and forward price in electronic marketplace plays a leading role.