According to basic finance theory, a derivative's price is derived from the value of its underlying asset and therefore … liquidity and trading cost aspects. Using a unique high-frequency dataset, this paper studies the price formation of the German … the futures market leads in terms of price discovery, closely followed by the exchange-traded fund. Further, the time …

in India. This study is, therefore, an attempt to explore Indian futures market for hedging by equity holders in general …, Italian, and Portuguese equity markets. However, hedging one's stock position through futures is still the road less traveled …)] methodology for futures. Hedge ratio based on HKM methodology is a time-variant whereas hedge ratio based on JSE methodology is a …