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FUTURES TRADING AND SPOT MARKET VOLATILITY: IMPACT OF INDIAN FUTURES TRADING OF THE UNDERLYING INDEX S - Couverture souple

LAZAR, DANIEL; JAFFER.M

 
9783639239447: FUTURES TRADING AND SPOT MARKET VOLATILITY: IMPACT OF INDIAN FUTURES TRADING OF THE UNDERLYING INDEX S
Couverture souple
ISBN 10 : 363923944X ISBN 13 : 9783639239447
Editeur : VDM Verlag Dr. Müller, 2010

Synopsis

Derivative is the greatest financial innovations made in the history of finance.In India, Derivatives instruments such as Index futures, stock futures, stock options were introduced from 2000 onwards.The Bombay Stock Exchange lunched derivatives trading in the form of Index futures on June 9, 2000, followed by Index futures contracts on the S&P CNX Nifty Index of National Stock Exchange on June 12, 2000. After futures trading is introduced, the economic literature has intensified the debate over the impact of futures trading on the underlying spot index volatility. The impact of futures trading on the spot price volatility is a research topic around the world. It is intended to study the impact of index futures trading on the underlying spot index volatility. The study employs both standard deviations as well as advanced econometric models such as ARCH/GARCH. The results report that, the introduction of futures trading has resulted in decline in the spot market volatility, due to the futures trading, as the methodology employed has effectively isolated the volatility caused by futures trading from the volatility arising due to market wide factors.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

Derivative is the greatest financial innovations made in the history of finance.In India, Derivatives instruments such as Index futures, stock futures, stock options were introduced from 2000 onwards.The Bombay Stock Exchange lunched derivatives trading in the form of Index futures on June 9, 2000, followed by Index futures contracts on the S&P CNX Nifty Index of National Stock Exchange on June 12, 2000. After futures trading is introduced, the economic literature has intensified the debate over the impact of futures trading on the underlying spot index volatility. The impact of futures trading on the spot price volatility is a research topic around the world. It is intended to study the impact of index futures trading on the underlying spot index volatility. The study employs both standard deviations as well as advanced econometric models such as ARCH/GARCH. The results report that, the introduction of futures trading has resulted in decline in the spot market volatility, due to the futures trading, as the methodology employed has effectively isolated the volatility caused by futures trading from the volatility arising due to market wide factors.

Biographie de l'auteur

Dr. Daniel Lazar holds M.Com, M. Phil, Ph. D, MBA and AICWA degrees. His area of specialization and research include financial management, corporate finance, microfinance, international finance and stock market. He is a best researcher award winner.He has published 19 research articles and published six books.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
VDM Verlag Dr. Müller
Date d'édition
2010
Langue
anglais
ISBN 10 
363923944X
ISBN 13 
9783639239447
Reliure
Broché
Nombre de pages
112
Coordonnées du fabricant
non disponible
Personne responsable
non disponible