Should actively traded futures contracts come under the dual-trading ban?

✍ Scribed by Sugato Chakravarty

• Book ID: 102842843
• Publisher: John Wiley and Sons
• Year: 1994
• Tongue: English
• Weight: 887 KB
• Volume: 14
• Category: Article
• ISSN: 0270-7314
• DOI: 10.1002/fut.3990140604

✦ Synopsis

tiolden, and especially David P. Brown for comments on earlier drafts. Thanks are also due to two anonymous referees and the editor, Mark J. Powers, for suggestions that led to considerable improvement in the exposition of the article. Unfortunately, they cannot be blamed for any errors. 'Dual-trading facilities enable certain traders to trade both for their customers as brokers and trade on their own accounts as dealers. 2For this article, the term "broker" is used to mean dual-capacity traders. They can both execute orders for their clients as well as trade for their personal accounts.