The Optimal Pricing Model of Commission of China´s Futures Exchange: Competition-Oriented or Cost-Oriented

Commission pricing of futures exchange is a very important issue. Based on economics Bertrand oligopoly model, we proposed the optimal pricing model of commission of China´s futures exchange. Though the study we found that the optimal pricing strategy of commission of China´s futures exchange is the enterprise self oriented cost strategy. Analyzing the futures market transaction data, we investigated the effect of commission adjustments on futures exchange, through which to examine customers´ sensitivity to exchange commission.