Based on the data in Table 1, the null hypothesis that the Chinese stock index future
price series are nonstationary cannot be rejected under the condition of less than 10% significance.
The impact of stock index future
trading, on the volatility of the underlying Nifty and Nifty Junior stock index market, is investigated by estimating a model for a period which covers the time before and after the introduction of stock index futures
Second, as pointed out by Eun and Shim (1989, 243), despite the nonsynchronous nature of the data employed, the results of VAR analysis based on the structure of time zone differences can still provide useful insights into the international transmission mechanism of stock index future
A stock index future
is just like a port belly future, only instead of being a commitment to buy pork, it's a commitment to buy a "basket" of stocks.
And yet today's trader has to know precisely how to compare the cost of an ETF to the cost of the underlying basket, all the while needing to understand financing and volatility charges included in the price of a swap transaction and the richness/cheapness of roll risk in the calendar spread on the stock index future
In the case of a stock index future
, speculatorsbet that a group of stocks is going to go up or down in value.
As most regional markets slipped along with US stock index futures
earlier in the day, institutions decided to take profit, which saw the index go into free-fall mid-day to hit intraday low by 708 points.
The exchange also rolled out the dynamic price banding mechanism designed to stabilize price fluctuations applicable to the spot month and next calendar month contracts of TAIEX and mini-TAIEX, and that is set to expand to other stock index futures
stock index futures
eased slightly in early trading on Sunday after Britain's vote to leave the European Union sparked a sharp sell-off in global markets on Friday, wiping out over $2 trillion from world equities.
US stock index futures
were lower ahead of another round of earnings reports and after data showed the US trade deficit surged to its highest level in nearly 6-1/2 years in March.
Previously published under the title Security Analysis and Portfolio Management, this advanced textbook for a second investment course introduces Markowitz's model of portfolio selection and the arbitrage pricing theory, and applies the financial theories to commodity futures, stock index futures
, and stock options.
China launched its Hushen 300 index, the first stock index futures
to begin trading on the mainland, in April 2010.