The financialization view is that increased trading in commodity futures markets is associated with increases in the growth rate and volatility of commodity spot prices. This view gained credence because in the 2000s trading volume increased sharply and many commodity prices rose and became more...

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...