Examination is made of the relative contributions to price discovery of the floor and electronically traded euro FX and Japanese yen futures markets and the corresponding retail on-line foreign exchange spot markets. GLOBEX electronic futures contracts provide the most price discovery in the euro; t
Pricing in foreign markets: Pitfalls and opportunities
β Scribed by James K. Weekly
- Publisher
- Elsevier Science
- Year
- 1992
- Tongue
- English
- Weight
- 747 KB
- Volume
- 21
- Category
- Article
- ISSN
- 0019-8501
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## Abstract Using intraday data, this study investigates the contribution to the price discovery of Euro and Japanese Yen exchange rates in three foreign exchange markets based on electronic trading systems: the CME GLOBEX regular futures, Eβmini futures, and the EBS interdealer spot market. Contra