This study considers the effects of the relative size of hedger and speculator open interests
and the potential impact of implementing position limits on the price discovery process in …

Cash settlement of derivative contracts makes them susceptible to manipulation by traders
who expect to close large positions upon final settlement. Cash settlement also increases …

The aim of this study was to find the optimal position limit for the Chinese stock index (CSI)
300 futures market. A low position limit helps to prevent price manipulations in the spot …

We show how trading protocols impede the price discovery process in single stock futures
as implicit trade costs outweigh explicit costs. Despite the trade volume dominance, trade …

This dissertation consists of three essays that address recent topics regarding regulation
and governance in financial markets that concern for scholars, policymakers, and investors …

Significant additional risk containment measures such as the revision of market-wide
position limits, increasing the margin requirements for both equity cash and derivatives, and …

We provide new evidence on the effects of derivative contract position limits, based on
option trading behavior in the period surrounding the suspension of trading limits for ETFs …

We explore the relationship between efficiency and fairness around a natural experiment
resulting in the delisting of equity‐linked single stock futures on the National Stock …

US energy prices have grown dramatically since the 2007 financial crisis. Speculators are
blamed for market manipulation, and regulators seek additional tools to control the market …

2015 年股灾期间, 股指期货受到广泛批评. 本文使用方向性波动溢出模型, 研究了沪深300,
中证500, 上证50 三种股票价格指数分别与IF, IC, IH 股指期货之间的动态波动溢出效应 …