The Impact of Universal Stock Futures on Feedback Trading and Volatility Dynamics
(2008)
Journal Article
Chau, F., Holmes, P., & Paudyal, K. (2008). The Impact of Universal Stock Futures on Feedback Trading and Volatility Dynamics. Journal of Business Finance and Accounting, 35(1-2), 227-249. https://doi.org/10.1111/j.1468-5957.2007.02067.x
This paper investigates the impact of the introduction of Universal Stock Futures (USFs) on underlying market dynamics (volatility and the level of feedback trading). Analysis of USFs provides a number of advantages compared to investigation of index... Read More about The Impact of Universal Stock Futures on Feedback Trading and Volatility Dynamics.