Futures Trading and Market Information - Efficient Market Hypothesis

When a spot market monopolist participates in the futures market, he has an ... As with inside information, market power deters financial market participation by.

The weekend effect was the phenomena where the average return on Monday was significantly less than the average return over the other days of the week.

fundamental analysis if the volatility pattern exists in the securities return and is consistent ... Key words: efficient market, technical analysis, financial information.

As a case study, Long Term Capital Management is studied in the paper. ..... Therefore, instead of having $20 million worth of securities, the bank now has $18.

Department of Finance and Accounting, School of Business, National University of ... In this paper, we examine the relation between futures trading activity by trader type and .... she takes futures positions for reasons other than hedging.

whether equity futures trading has caused any change in .... arbitrageurs and portfolio insurers may create a spillover ... 1998. 1999. 2000. 2001. 2002. 2003. 2004. 2005. 2006. Nifty. NiftyJunior. S&P500 .... Langrage Multiplier (LM) test procedure

coordinates activity treating the initial beliefs as exogenous parameters .... insurer is willing to pay for a unit of the security is ... securities.7 To capture the impact of regulatory mandates .... Model Predictions for Equilibrium Prices and Qua

of index options and futures, the unwinding of arbitrage positions in the ..... commodities futures (Crato & Ray, 2000; Galloway & Kolb, 1996; Kenyon, Kenneth, Jordan, ..... by tax issues that increased the OTC trading on TIIE Swaps, provoking.

understanding about stock market and trading strategies was obtained. ..... First, I have to find out what the stock market is and how the stock market works.