Changing The Size Of A Futures Contract
DOWNLOAD
Download Changing The Size Of A Futures Contract PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Changing The Size Of A Futures Contract book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Changing The Size Of A Futures Contract
DOWNLOAD
Author : Ahmet K. Karagozoglu
language : en
Publisher:
Release Date : 2000
Changing The Size Of A Futures Contract written by Ahmet K. Karagozoglu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.
We analyze the relation between contract size and liquidity using data from the respecification of Sydney Future Exchange?s (SFE) Share Price Index (SPI) and 90-day Bank Accepted Bill (BAB) futures contracts. Respecification of SPI and BAB contracts presents a unique opportunity to investigate the effects of a change in futures contract size. SFE decreased the size of SPI futures by a factor of four while increasing its minimum tick. The BAB contract was doubled in size with the minimum tick size left unchanged. We find, after controlling for market factors, that the respecification of the SPI futures resulted in higher trading volume, while that of BAB futures decreased trading volume. The results regarding spreads are ambiguous. Based on two cases investigated, we conclude that decreasing the futures contract size was effective in terms of enhancing liquidity while increasing the size resulted in a reduction in liquidity.
Volatility And Trading Activity Following Changes In The Size Of Futures Contracts
DOWNLOAD
Author : Johan Bjursell
language : en
Publisher:
Release Date : 2008
Volatility And Trading Activity Following Changes In The Size Of Futures Contracts written by Johan Bjursell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
This paper examines the relationship between daily price volatility and trading activity one year before and after a change in the size of selected futures contracts. The following three contracts are included in this study: the Stock Price Index traded on the Sydney Futures Exchange (SFE), which had a contract split on October 11, 1993; the FTSE-100 index traded on the London International Financial Futures Exchange (LIFFE), which had a contract split on March 23, 1998; and the 90-Day Bank Acceptance Bill (BAB) traded on the SFE, which had a reverse split on May 1, 1995. We obtain several interesting empirical results. We observe that there is a positive relationship between daily price volatility and the number of trades (trading frequency) before and after a change in the size of the examined futures contracts. We find that the increase (decrease) in total trading frequency has the power to explain the increase (decrease) of daily price volatility after a contract split (reverse split). Most of the average trade size variable has an immaterial impact on price volatility. Decomposing the total trading frequencies into four trade size classes, we find that the trading frequencies for small and large trade size categories are highly significant in explaining changes in daily price volatility after the index futures contracts' splits. These results are consistent with the noise trading hypothesis (Black (1986)) and the hypothesis on less informed trading in index futures markets. For the BAB case, we find that the trading frequencies for small, medium and large sizes impact price volatility before and after the reverse contract split.
A Reverse Index Futures Split Effect On Liquidity And Market Dynamics
DOWNLOAD
Author : Athanasios Fassas
language : en
Publisher:
Release Date : 2017
A Reverse Index Futures Split Effect On Liquidity And Market Dynamics written by Athanasios Fassas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
This paper examines the relationship between daily price variability and trading activity dynamics six months before and after the redesign of FTSE/ATHEX Large Cap futures contract in June 2016. Although contract and tick size is a critical factor for the viability of a futures market, there has been limited empirical research on this topic.The particular change of contract specifications provides this study with a unique opportunity to investigate the impact of contract size on futures market characteristics. Our empirical findings suggest that although the change in the size of the futures contract have resulted in lower trading costs, it did not spur investors' interest in the Greek derivatives market. The results of this study have significant practical relevance in terms of futures market design decisions.
Changing Structure Of The Electric Power Industry An Update
DOWNLOAD
Author : Rebecca A. McNerney
language : en
Publisher: DIANE Publishing
Release Date : 1998-11
Changing Structure Of The Electric Power Industry An Update written by Rebecca A. McNerney and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-11 with categories.
Intended for both lay & technical readers, this report serves as a basic reference tool that provides a comprehensive delineation of the electric power industry & its traditional structure, which has been based on its monopoly status. In addition, it describes the industry's transition to a competitive environment by providing a descriptive analysis of the factors that have contributed to the interest in a competitive market, proposed legislative & regulatory actions, & the steps being taken by the various components of the industry to meet the challenges of adapting to & prevailing in a competitive environment. Figures, tables, historical information.
The Changing Structure Of The Electric Power Industry An Update
DOWNLOAD
Author :
language : en
Publisher: DIANE Publishing
Release Date :
The Changing Structure Of The Electric Power Industry An Update written by and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
The Complete Idiot S Guide To Options And Futures 2nd Edition
DOWNLOAD
Author : Scott Barrie
language : en
Publisher: Penguin
Release Date : 2006-12-05
The Complete Idiot S Guide To Options And Futures 2nd Edition written by Scott Barrie and has been published by Penguin this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-12-05 with Business & Economics categories.
Completely updated, this practical guide has the information investors need to keep up in the complex, fast-paced, and highly profitable world of options and futures, where everything is in play - from oil to diamonds, poultry to vaccines, franchises to coffee. Provides cutting edge information on energy futures and options. Tools for creating flexible strategies that can move with the times. New information on the solid standbys like livestock, precious metals, and equities. Keyed to the new realities of the global economy, making this book vital for investors at all levels. Highly respected expert author.
Understanding Futures Markets
DOWNLOAD
Author : Robert Kolb
language : en
Publisher: Wiley-Blackwell
Release Date : 2006-04-10
Understanding Futures Markets written by Robert Kolb and has been published by Wiley-Blackwell this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-04-10 with Business & Economics categories.
Now in its sixth edition, Understanding Futures Markets by Robert Kolb (University of Colorado) and James Overdahl (Chief Economist of the Commodity Futures Trading Commission) provides the most comprehensive coverage of futures markets available. This new edition features updated and enhanced discussions on: event markets, proposition markets, weather futures, and macro futures globalization of futures markets electronic trading platforms and the rise of electronic trading manipulation of futures markets and methods of deterrence The Commodity Futures Modernization Act of 2000 and its effect on market regulation hedging in a corporate environment uses of futures by government entities energy futures products recent fiascos involving energy futures and related derivatives single stock futures products and narrow-based stock index futures accounting and taxation features of futures markets. Clearly written and accessible, this is the authoritative text for students and practitioners alike looking for an in-depth treatment of futures markets.
Trading Catalysts
DOWNLOAD
Author : Robert Ivory Webb
language : en
Publisher: Financial Times/Prentice Hall
Release Date : 2007
Trading Catalysts written by Robert Ivory Webb and has been published by Financial Times/Prentice Hall this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
"Trading Catalysts takes you into the market and recounts moment-by-moment price action. From an almost 14% rise in the Nasdaq following a surprise Fed rate cut to an incredible (and temporary) 22% decline in the S&P 500 futures price folliwng a single large sell order, Trading Catalysts is loaded witih real-life examples of how events move markets. Must reading for traders and investors alike." --Victor Canto, Pd.D., founder of La Jolla Economics and a columnist for The National Review "At last...an invaluable investment book that shows in detail how markets actually behaved during extreme events, times when fortunes were won or lost in the blink of an eye. This is the real world of trading and risk, not academic theory. Read, learn and prepare yourself because these types of extraordinary events will happen again." --Peter Matthews, Managing Partner, Optimation Investment Management LLC Understand the Triggers of Market Volatility—and Take Advantage of Them Actionable lessons from 25 years of major events—and the market’s reactions to them Predicting the market impact of everything from Fed statements to natural disasters Separating real information from noise, major “market movers” from trivia In Trading Catalysts, Robert I. Webb examines the various factors that move markets. Webb focuses on the catalysts that spark the biggest price changes—and the greatest potential for substantial profits or losses. Using numerous real market examples, Webb demonstrates the often inconsistent response of prices to similar trading catalysts across markets and over time, the occasional significantly delayed response, and the frequent market overreaction. Whether traders bet directly on a trading catalyst, on the presumed market reaction (or overreaction) to it, or not at all, the potential impact on market prices and volatility means that all traders must pay attention to trading catalysts and the market reactions that they induce. At the very least, the prospect of significant volatility around some event may affect the timing of a trader’s entry or exit of positions and may cause a trader to reduce his position size. If you’re a serious trader, this book will help you understand the influence of trading catalysts and identify potential trading opportunities. Volatile financial markets create both the risk of substantial losses and the opportunity for substantial gains. Sudden jumps or breaks in prices can impart a roller-coaster-ride-like quality to trading or investing in financial markets. Trading Catalysts is the first complete guide to the events that spark large changes in prices. These include: central bank actions; ill-advised comments by policymakers; news of natural disasters; elections; certain economic reports; terrorism; company specific announcements; the unwinding of large positions by key market participants; and simple trading errors among others. The varied origin of trading catalysts means that some traders may have an edge in anticipating the market’s reaction to certain trading catalysts. Numerous real market examples take the reader into the heart of the market to illustrate the direction, magnitude, speed, duration, intensity and breadthof influence of trading catalysts on market prices. Because a minute can be a “lifetime” in the world of trading, many of the detailed examples recount moment-by-moment and tick-by-tick changes in market prices. This book discusses the role that trading theses(or prevailing beliefs about market relationships), market conditions,and sentimentplay in determining how prices react and sometimes overreact to various trading catalysts over time. Trading Catalysts will help readers anticipate potential events that could spark rallies or breaks; predict situations with feedback loops that drive markets up or down; and identify situations where substantial overreactions are likely to occur. Size Matters: When key players unwind positions and move the markets The Information in Economic Reports: Rout or Rally? Uncertain market reaction to the forecast errors from economic reports Talk Isn’t Cheap: When the comments of politicians and policymakers move markets Market Interventions: When governments intervene: case studies, from currencies to oil Geopolitical Risk: From elections to terrorism to wars Bubbles, Crashes, Corners, and Market Crises: Lessons from the “silver corner,” the 1987 stock market crash, and the Asian Financial Crisis Quantifying the Market Impact of Natural Disasters: From earthquakes to floods to mad cow disease Fat Fingers: When trading errors and mistranslations move the market Of Straws and Camels’ Backs: When trivial news sparks huge moves Preface Chapter 1: Introduction Chapter 2: Market Conditions and Sentiment Chapter 3: Talk Isn’t Cheap Chapter 4: Geopolitical Events Chapter 5: Weather and Natural Disasters Chapter 6: Market Interventions Chapter 7: Periodic Economic Reports Chapter 8: Size Matters Chapter 9: Bubbles, Crashes, Corners, and Market Crises Chapter 10: The Accidental Catalyst Index
World Agricultural Supply And Demand Estimates
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2008
World Agricultural Supply And Demand Estimates written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Agricultural productivity categories.
Code Of Federal Regulations
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2017
Code Of Federal Regulations written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Administrative law categories.
Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries.