Title :
The Effect of Introducing Stock Index Futures on Spot Market Quality: A Survey
Author :
Meng, Hailiang ; Ren, Ruoen ; Xing, Wei
Author_Institution :
Sch. of Econ. & Manage., Beihang Univ., Beijing
Abstract :
This paper reviews the theoretical and empirical literature relating to the effect of introducing stock index futures on spot market quality. For some reasons, the literature in this field still has not formed a uniform viewpoint at present. This article offers some perspectives on the literature for investors, exchange managers, and policy makers.
Keywords :
investment; stock markets; exchange managers; investors; policy makers; spot market quality; stock index; Costs; Displays; Fluctuations; Frequency; Instruments; Large-scale systems; Microstructure; Quality management; Stability; Stock markets;
Conference_Titel :
Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
Conference_Location :
Dalian
Print_ISBN :
978-1-4244-2107-7
Electronic_ISBN :
978-1-4244-2108-4
DOI :
10.1109/WiCom.2008.2238
