Fung, Hung-gay; Mai, Liuqing; Zhao, Lin - In: China finance and economic review : CFER 4 (2016), pp. 1-16
Background: In the past couple of years, China's futures exchanges have launched nighttime trading sessions. Methods: We use daily data from 23 commodity futures to investigate the impact of this important policy change. Results: Our findings suggest that the launching of nighttime trading...