Author: Derrell S. PeelPublisher:
ISBN:
Category :
Languages : en
Pages : 2
Book Description
Live and Feeder Cattle Futures and Options Contract Specification
Author: Derrell S. PeelAn Analysis of Factors Influencing Feeder Cattle Futures Contract Basis and Specifications
Author: Fred C. EilrichCommodity Futures Trading
Author: United States. General Accounting OfficePublisher:
ISBN:
Category : Cattle trade
Languages : en
Pages : 156
Book Description
The Feeder-cattle Futures Contract
Author: R. M. LeutholdDelivering on a Live Cattle Futures Contract
Author: Allen C. WellmanPublisher:
ISBN:
Category : Cattle
Languages : en
Pages : 10
Book Description
Trading in Livestock Futures and Option Markets
Author: Gregory J. KuserkPublisher:
ISBN:
Category : Livestock
Languages : en
Pages : 130
Book Description
Using High, Low, Open and Closing Prices to Estimate the Effects of Cash Settlement on Futures Prices
Author: Leo H. ChanPublisher:
ISBN:
Category :
Languages : en
Pages : 21
Book Description
Prior to 1986, any opening position on feeder cattle futures contract must be settled with physical delivery after the last trading day. Due to dwindling commercial interests, Chicago Mercantile Exchange (CME) subsequently replaced the system with the cash settlement method. It was argued that cash settlement would help reduces the futures price's volatility. In this paper, we adopted stochastic volatility models to investigate this conjecture. The models allow for time varying volatility. Using 4 estimators based on mixtures of high, low, open and close prices, we found all estimators conclude that the volatility of the feeder cattle futures price decreased after switching from physical delivery to cash settlement. The change in the contract specification therefore enhances price discovery and risk management functions of the futures market. Concerning the higher moments of the volatility, different conclusions were derived. Range data, the Parkinson and the Rogers-Satchell estimators all indicate that cash settlement led to a reduction in the volatility of volatility.
Reauthorization of the Commodity Futures Trading Commission
Author: United States. Congress. House. Committee on Agriculture. Subcommittee on Risk Management, Research, and Specialty CropsPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 344
Book Description
Futures & Options
Author: Donald SpencePublisher: Taylor & Francis US
ISBN: 9781579581848
Category : Business & Economics
Languages : en
Pages : 220
Book Description
First Published in 1999. Routledge is an imprint of Taylor & Francis, an informa company.
Introduction to Futures and Options
Author: Donald SpencePublisher: Elsevier
ISBN: 1855739739
Category : Business & Economics
Languages : en
Pages : 217
Book Description
This is a comprehensive guide to the workings of the world's commodity and financial futures and options markets. For all those new or already active in the futures and options markets, it is a handbook of first and last resort for traders, brokers, advisers and investors alike, and is written by a highly experienced market practitioner with contributions from leading experts in the field. It begins with an examination of the markets and instruments - including the OTC market and erivatives, and goes on to explain trading, regulation and management. It also evaluates the likely future developments in futures and options.