Success Factors of Financial Derivatives Markets in Asia

Sittisawad, Trin; Sukcharoensin, Pariyada

doi:10.1007/s10690-018-9239-4

Cited by 4 publications

(1 citation statement)

References 14 publications

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“…The study concludes that the activeness of the spot and cross hedge futures market, variability in the spot market, the degree of homogeneity, level of vertical integration and market power concentration significantly explain futures market's success. Sittisawad & Sukcharoensin (2018) conclude size, volatility and liquidity in the cash segment and tick size, contract size and option-type in the futures market segment to contribute to financial derivative's success in the context of six select Asian exchanges using a panel regression method. Białkowski & Koeman (2018) underpin the presence of an efficient spot market for a contract to be successful when analyzing dairy futures contract for the period of 2012 to 2015 in the US and New Zealand market.…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of Successful Agri - Futures Contracts in India

Agrawal

Sehgal²,

Agrawal³

2019

AJFA

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The study empirically examines the factors which impact the success of the Agri commodity futures contracts. Daily data from July 2012 to July 2017 is used for 22 commodities traded on the three national commodity derivatives exchanges and analyzed in a panel data analysis framework. The results of the study suggest that higher volatility in the spot and futures market, competition in terms of multiple exchange listing, the age of the futures contract, lot size and tick size increase the success potential of the agri futures contract. The international listing, the imposition of Commodity transaction tax, a higher number of levels in the value chain and greater geographical coverage in the spot market reduces the liquidity for the contract. Thus, the study identifies important market characteristics and elements of contract design that have implications for the success of agri commodities futures contract in India.

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Section: Literature Reviewmentioning

confidence: 99%

Determinants of Successful Agri - Futures Contracts in India

Agrawal

Sehgal²,

Agrawal³

2019

AJFA

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What determines the success of equity derivatives markets? A global perspective

Samarakoon,

Pradhan,

Maradana

et al. 2024

Borsa Istanbul Review

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The necessity to activate long-term ETD in Korea

Lee¹

2020

JDQS

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Purpose This paper aims to provide the necessity to activate long-term exchange-traded derivatives (ETD) in Korea. In the era of aging, low interest rates and low economic growth, the investment demand for long-term financial products, and its hedging demand have steadily increased. Unfortunately, long-term ETD do not trade in Korea, and this study presents political suggestions to invigorate long-term ETD based on overseas cases and empirical analysis. Specifically, this study suggests the necessity to activate exchange traded funds (ETFs) options, long-term Korea treasury bond futures and options and long-term Volatility Index of Korea Composite Stock Price Index future and options. The introduction of those long-term ETD not only contributes to providing long-term investment and hedging vehicles but also reduces market inefficiencies in the Korean industry of ETFs, bonds and structured products.

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Success Factors of Financial Derivatives Markets in Asia

Cited by 4 publications

References 14 publications

Determinants of Successful Agri - Futures Contracts in India

Determinants of Successful Agri - Futures Contracts in India

What determines the success of equity derivatives markets? A global perspective

The necessity to activate long-term ETD in Korea

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