## Abstract Recently, several stock index futures exchanges have experimented with an altered contract design to make the contract more attractive and to increase investor accessibility. In 1998, the Swedish futures exchange (OM) split the OMXβindex futures contract with a factor of 4:1, without al
Hedging effectiveness and futures contract maturity: the case of NYMEX crude oil futures
β Scribed by Ripple, Ronald D.; Moosa, Imad A.
- Book ID
- 120514677
- Publisher
- Taylor and Francis Group
- Year
- 2007
- Tongue
- English
- Weight
- 141 KB
- Volume
- 17
- Category
- Article
- ISSN
- 0960-3107
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ntil very recently, commodity futures markets were largely ignored by the U vast majority of economists. At the same time, markets for foreign currencies were studied by only a relative handful of specialists in international trade and finance. This article describes an area which overlaps the two v
## Abstract This study investigates the efficiency of the New York Mercantile Exchange (NYMEX) Division light sweet crude oil futures contract market during recent periods of extreme conditional volatility. Crude oil futures contract prices are found to be cointegrated with spot prices and unbiased