## Abstract In designing a derivative contract, an exchange carefully considers how its attributes affect the expected profits of its members. On November 3, 1997, the Chicago Mercantile Exchange doubled its tick size of its S&P 500 futures contract and halved the denomination, providing a rare opp
Optimal futures contract design
β Scribed by Elizabeth Tashjian
- Book ID
- 116173832
- Publisher
- Elsevier Science
- Year
- 1995
- Tongue
- English
- Weight
- 826 KB
- Volume
- 35
- Category
- Article
- ISSN
- 1062-9769
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
utures and options allow a variety of trading strategies. Traders can use them F singly or in combinations to hedge spot positions, speculate on price movements, or establish indirect investments in underlying assets. To price futures and options, it is easiest to avoid trading motives and concentra
## 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., forβprofit corporations), trading platforms evolve (i.e., electronic/Internet t