Changes in agricultural policies are likely to shift more price risk to farmers. In such an environment futures and options markets can provide the means for laying-off risk, to the extent that farmers want to do so. The potential contribution of these markets in the EC is examined under a...

This article examines whether reducing a market's transparency, by delaying the publication of prices for block trades, has any impact on liquidity. The analysis uses a sample of 5,987 blocks from the London Stock Exchange that cover three different publication regimes: immediate (1987/88),...