This paper investigates the price discovery function of futures market for two non precious metals - nickel and zinc on Multi-Commodity Exchange (MCX) using Johansen's co-integration test, VECM and Granger causality test. The analysis used daily data on spot prices and near month futures prices...

The study investigates the impact of derivatives listing on stock prices in the Indian capital markets. Significant positive abnormal return around derivative listing is found lending support to the market completion hypothesis. The results support the evidence obtained in the US, the UK and...