Sebastiao, Helder - In: The European Journal of Finance 16 (2010) 7, pp. 611-640
This article examines the partial adjustment factors of Financial Times Stock Exchange (FTSE) 100 stock index and stock … introduction of stock exchange trading system, in October 1997, has increased the FTSE 100 index's absolute efficiency; however, it … reduced the absolute and relative efficiency of FTSE 100 futures. These findings seem to imply that during the period under …