The Behavior and Impact of Heterogeneous Investors in China’s Stock Index Futures Market: An Agent-Based Model on Cross-Market Trades

Table 5

Order placing rules for hedgers.

Position	Order direction	Order quantity
and	Sell and open position
and	Buy and close position
and	Buy and open position
and	Sell and close position
and	Sell and close position
and	Buy and close position
	No operation	0