This paper utilizes a new approach to an examination of price impacts of speculators on futures markets. It focuses … price changes in those markets. The paper concludes that noncommercial traders are likely to switch between markets and add … to “hot money” flows, and that noncommercial traders follow price trends in energy markets rather than set them. …

This article investigates price and trading volume relations for near term crude oil contracts at the New York … framework permits us to impose testable restrictions in considering the view that after-hours price changes and trading volumes … provide contemporaneous information in the daytime price discovery process. Furthermore, the reduced-form VAR allows testing …

more effective than T-Bill futures in reducing price change risk. Moreover, in the short term, the performance of T … of trading. A portfolio model of hedging effectiveness is formulated to account for the constant yield price accumulation … over time on Treasury bills as distinguished from price changes due to instantaneous changes in yield. We test the T …

According to the so-called "arc sine law," mechanical trading rules applied to price movements in financial assets will …

uses a descriptive statistic which was devised by Holbrook Working for the express purpose of analyzing price movements in … price movements that could not be detected by either the more traditional Box-Jenkins techniques or by spectral analysis. …