Covrig, Vicentiu; Ding, David K.; Low, Buen Sin - In: Journal of Futures Markets 24 (2004) 10, pp. 981-1004
The Singapore Exchange (SGX), a small satellite market, successfully competes with a large home market, the Osaka Securities Exchange (OSE), in trading the Nikkei 225 futures index. In this paper, we investigate the contribution of the SGX to price discovery and shed light on the reasons for its...