Andreou, Panayiotis; Pierides, Yiannos - In: The European Journal of Finance 14 (2008) 3, pp. 211-223
Pricing and trading practices in the Athens Derivatives Exchange, a newly established derivatives market, result in significant futures arbitrage profit opportunities for low-cost traders. We find that a large part of the mispricing is due to transaction costs, but additional factors, such as...