, domestic institutional investors prefer futures, domestic individual investors prefer options, and foreign investors prefer …This paper examines the dynamics of returns and order imbalances across the KOSPI 200 cash, futures and option markets …

professionals while opposing options, which he saw as dangerous instruments in the service of ill-advised speculation. …The idea that speculation exacerbates commodity and stock price volatility dates back at least from the second half of …, originally applied to commodities and subsequently extended to securities, was that speculation is mostly beneficial …

category, starting with the simplest and building up to the most complex ¡ª namely, Forwards, Futures, Options and Swaps in … financial engineering which brought them havoc. For others it was unbridled speculation perpetrated by rogue traders whose …

that the futures contracts, the call futures options and the put futures options can be matched within a one … opportunities is very limited due to the small trading volumes of the futures and options contracts. Thus, we conclude that there is … no strong evidence against the arbitrage efficiency between the SPI index futures and options markets in Australia …