Download or read book Evidence on the Impact of Futures Margin Specifications on the Performances of Futures and Cash Markets written by James T. Moser and published by . This book was released on 1990 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Evidence of the Impact of Futures Margin Specifications on the Performance of Futures and Cash Markets written by James T. Moser and published by . This book was released on 1990 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Margins Market Integrity written by and published by Irwin Professional Publishing. This book was released on 1991 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effect of Futures Trading on Cash Market Volatility written by Gary Robinson and published by . This book was released on 1993 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effects of Margin Requirements on Participation in Futures Markets written by Dae Yong Jung and published by . This book was released on 1995 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulatory Reform of Stock and Futures Markets written by Franklin R. Edwards and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Adequacy and Consistency of Margin Requirements in the Markets for Stocks and Derivative Products written by Mark Warshawsky and published by . This book was released on 1989 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rational Expectations and Efficiency in Futures Markets written by Barry Goss and published by Routledge. This book was released on 2005-10-09 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do traders in futures markets make use of all relevant information and is this reflected in prices? This collection of original essays by a team of international economists considers these and other questions central to futures markets.
Download or read book The Effects of Margin Changes on the Composition of Traders and Market Liquidity written by Robin K. Chou and published by . This book was released on 2014 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the effects of margin changes on futures trading activity, the composition of traders and market liquidity, using an account level data set from the Taiwan Futures Exchange. We find that margin increases reduce trading activity for all trader types, which is consistent with the hypothesis that higher margins increase the costs of trading. Institutional traders are more sensitive to changes in margin requirements than individual traders, because their trading activity decreases significantly more than that of individual traders. This in turn leads to increases in market price volatility and decreases in market liquidity. These results imply that margin requirement is not an effective policy tool in limiting the trading activity of noise speculators to reduce market volatility.
Download or read book A Review and Evaluation of Federal Margin Regulations written by and published by . This book was released on 1984 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Review of Research in Futures Markets written by and published by . This book was released on 1986 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consists of the proceedings of seminars on futures markets held by the Chicago Board of Trade.
Download or read book Margin Requirements Volatility and Market Integrity written by Paul H. Kupiec and published by . This book was released on 1997 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Margins and Market Integrity written by Stephen Figlewski and published by . This book was released on 1984 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of the Leverage Provided by the Futures on the Performance of Technical Indicators written by Hakan Er and published by . This book was released on 2014 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although in developed countries the futures markets have been in existence since mid-nineteenth century, they are relatively new in the developing countries. In the late twentieth and early twenty first century, many new futures exchanges were established in developing countries and in the majority of these newly established exchanges substantial growth in futures trading have been observed within a small period of time. This fast growth in the futures trading volume was mainly due to the tremendous leverage the futures provides to speculators. Thanks to futures margining system, by committing only a small fraction of the money needed to maintain a position on the underlying security in the spot market, a speculator can attain a much higher return potential by buying or selling a futures contract. This paper studies this effect by employing daily return data on 19 selected stocks listed continuously in IMKB-30 (Istanbul Stock Exchange 30, Turkey) from January 2005 to December 2010. Popular technical indicators are used to generate buy and sell signals in both the spot market (Istanbul Stock Exchange) and the futures market (VOB, a fast growing derivatives exchange located in İzmir, Turkey). The profit/loss resulting from trading strategies are then calculated and compared. The results of the study show that, although the amount invested in both markets is the same, the profit generated from the strategies applied on futures is significantly higher than that on spot market. A CAPM (Capital Asset Pricing Model) based hedge ratio is used to apply the trading strategies generated from spot market data on futures. The results show that this strategy generates superior returns in the futures market.
Download or read book The Review of Futures Markets written by and published by . This book was released on 1988 with total page 1010 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Price Limits and Margin Requirements in Futures Markets written by Haiwei Chen and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the hypothesis that futures exchanges could use daily price limits as a substitute for higher margin requirements. The empirical results show that the size of margin is negatively correlated with the presence of price limits. Evidence points to the portfolio adjustment costs theory as an explanation of the benefits from price limits. The empirical results cast doubt on the notion that price limits should be abolished. The results also confirm that exchanges have set margin requirements according to economic theories.
Download or read book The Effect of Futures Trading on Cash Market Volatility written by Gary Robinson and published by . This book was released on 1993 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
