堪萨斯期货交易所

股指期货作为股票市场投资者管理投资风险、调整资产配置的一种低成本工具，自从1982年堪萨斯期货交易所（KCBT）推出首只股指期货以来，已经在全球取得了蓬勃的发展。

As a low-cost tool for stock market investors to manage the investment risk and adjust the asset allocation , stock index futures have flourished all over the world since Kansas City Board of Trade ( KCBT ) launched its first stock index futures contract in 1982 .

自从1982年美国堪萨斯期货交易所推出首张股指期货合约以来，经过20多年的发展，股指期货已经成为世界上最为重要的金融衍生工具之一。

Kansas City Board of Trade ( KCBT ) launched its first stock index futures contract in 1982 , after 20 years of development , stock index futures has become one of the most important financial derivative tool in the world .

股票指数期货是国际资本市场成熟的风险管理工具，自1982年美国堪萨斯期货交易所（KCBT）首先推出以来，在全球得到迅猛发展。

Since 1982 when it was first introduced in KCBT , the stock-index futures , as a mature risk control instrument in international capital market , has rapidly developed in the whole world .

自1982年2月美国堪萨斯市期货交易所上市价值线综合平均指数期货交易以来，股票指数期货日益受到各类投资者的重视，交易规模迅速扩大，交易品种不断增加。

The stock index futures trading has been attached importance to increasingly by varied investors since Kansas Futures Exchange released Value-line Composite Index Futures on February . , 1982 . Trading scale has enlarged quickly and varieties added have gotten more increasingly .