Price discovery in the pits: the role of market makers on the CBOT and the Sydney Futures Exchange
Article Abstract:
Using methods of error correction and common factory analysis, the influence of local and non-local traders in determining prices on the Chicago Board of Trade and the Sydney Futures Exchange during a period when vocal bidding was used in both the exchanges is assessed. It is found that for each of the futures contracts, the trade price series of local and non-local traders are cointegrated.
Publisher: John Wiley & Sons, Inc.
Publication Name: Journal of Futures Markets
Subject: Business, general
ISSN: 0270-7314
Year: 2004
United States, Australia, Security and commodity exchanges, Services information, Services, Stock-exchange, Stock exchanges, Stock price indexes, Board of Trade of the City of Chicago
Publication Name: Journal of Futures Markets
Subject: Business, general
ISSN: 0270-7314
Year: 2004
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Estimation bias of futures hedging performance: a note
Article Abstract:
The feasibility of hedging strategies to examine future market volatility is examined.
Publisher: John Wiley & Sons, Inc.
Publication Name: Journal of Futures Markets
Subject: Business, general
ISSN: 0270-7314
Year: 2006
Texas, Usage, Hedging (Finance), Futures market, Futures markets
Publication Name: Journal of Futures Markets
Subject: Business, general
ISSN: 0270-7314
Year: 2006
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Subjects list: Analysis, Forecasts and trends, Market trend/market analysis
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