This paper studies the trading behavior of different types of traders in commodity futures and their impact on … most of the intraday volume. Most of the interday trading and position taking come from groups CTI2 and CTI3, reflecting …

-the-counter credit default swaps market worked well during much of the first year of the credit crisis, and that exchange trading has … both advantages and costs compared to over-the-counter trading. Though I argue that eliminating over-the-counter trading of …

violations of the no-arbitrage futures pricing conditions due to storage capacity constraints at the WTI futures delivery hub. We … arbitrage limits in pricing commodity futures. We also contribute to the Theory of Storage literature, which has largely ignored …

We develop a model to study the impacts of speculative position limits in commodity futures market. In the spirit of … Dodd-Frank Act, regulators believe that position limit on speculators would dampen futures price volatility and prevent … market manipulation. We show that this is not true due to two unintended consequences of this trading rule. First, the …

liquid following massive dealer-bank exit from CDS trading business post the Financial Crisis of 2007-2008, while bond … liquidity has significantly improved due to advances in corporate bond electronic trading …