期刊名称：Petroleum-Gas University of Ploiesti Bulletin : Economic Sciences Series
印刷版ISSN：2284-8576
电子版ISSN：2247-8582
出版年度：2008
期号：4
页码：77-86
出版社：Petroleum-Gas University of Ploiesti
摘要：Financial innovation process is very intense in the segment of stock market indices, because of theimportance of these financial instruments. They are used to track the performance of the whole stockmarket or of the segments of this market. In addition, many exchange-traded funds replicate the structureof the most popular indices. The exchanges launch index derivatives in order to offer speculative orhedging instruments for institutional or individual investor. In recent years, non-standard issues such astemperature, snowfalls or real estate properties are traded at the exchange with the help of specialindices that have allowed the standardization of these issues.
