This paper explores whether financial markets are games, using exchange traded derivatives, those quintessential speculative instruments, as the primary vehicle. The phrase 'gaming the system' usually means taking advantage of the system; that is to say, specifically turning something performing...

Insider trading regulation produces excess speculation and stimulates deceptive stock exchange trading – the very things that it is supposed to eliminate. In Sweden, this was part of a deliberate political agenda to make financial markets livelier and more exciting, almost as if they were...