## I line No. 1 (the economic purpose test) of the Commodities Exchange Act does not serve the public interest. However, in my comments I will differ to some degree with Professor Silber's analysis. In my opinion, the assumptions and theory in the first part of Professor Silber's paper are both re
Comments on “innovation, competition, and new contract design in futures markets”
✍ Scribed by Gary L. Seevers
- Publisher
- John Wiley and Sons
- Year
- 1981
- Tongue
- English
- Weight
- 158 KB
- Volume
- 1
- Category
- Article
- ISSN
- 0270-7314
No coin nor oath required. For personal study only.
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## Abstract The successful introduction of futures contracts to industries unfamiliar with futures markets is likely to become increasingly important as futures exchanges move to alternative governance structures (e.g., for‐profit corporations), trading platforms evolve (i.e., electronic/Internet t
long the reigning market for gold futures contracts, T introduced gold futures options in October of 1982. Immediate, sustained interest in the new contracts created a liquid market for options on COMEX gold futures contracts.' Trading in gold futures options occurs in close proximity to trading in