Chelley-Steeley, Patricia L.; Steeley, James M. - In: Studies in Economics and Finance 28 (2011) October, pp. 260-281
Purpose – On 29 January 2001, Euronext LIFFE introduced single security futures contracts on a range of global companies. The purpose of this paper is to examine the impact that the introduction of these futures contracts had on the behaviour of opening and closing UK equity returns....