Research on the Relationship Between Broker's Results and Hu-Shen Stock Market Volatility: An Empirical Analysis Based on 2009-2013 Panel Data

In order to explore the Relationship between the broker's performance and the stock market volatility,applying typical methods of multiple regression in Statal2 software,this paper analyzes 2009—2013 sample data from listed broker from eight different regions.The empirical results suggest that broker's performance significantly positively affect the volume and price fluctuations in the Hu-Shen stock markets;fluctuation of the stock market has significant impact on the performance of the broker,the HUShen Composite Index has significantly positive impact on the total assets growth rate of the broker,selfemployed and brokerage business profits;turnover growth is conducive to broker profits improved.While the Hu-Shen Composite Index amplitude,to some extent,has some negative impact on the broker's performance.Broker must pay attention to the differentiated competition,duly adjust the amount and structure of its self- operated business and complete the centralized trading mode to improve the brokerage business gross margin.