Intertwined with the persisting effects of the COVID-19 pandemic on the world economy, the price of WTI crude oil futures became negative on April 20, 2020. This anomalous incident has drawn much attention within the literature. This paper attempts to investigate the origins and specific impacts...

The introduction of futures contracts on an asset is often heralded as an indicator of market maturity. In this paper, we revisit the currently, mixed empirical evidence relating to price discovery between Bitcoin spot and futures markets. Confirming previous findings, information share (IS) and...

Purpose: This study examines how, and to what extent the trading of the cross-listed China-backed ADRs on the New York Stock Exchange (NYSE) contributes to the information flow and price discovery for the corresponding cross-listed stocks on the Shanghai Stock exchange (SSE)....