Saraoglu, Hakan; Louton, David; Holowczak, Richard - In: The Quarterly Review of Economics and Finance 54 (2014) 4, pp. 473-486
In this study, we expand the analysis of the impact of the options penny pilot project (PPP) using a sample that covers the first three phases of the project, a control group of options that were not part of the project, and options market specific control variables. We show that proportional...