Other similar studies using the Black-Scholes hedging strategy were done by Krausz (1985) on CBOE, Castagna and Matolcsy (1982) on Australian traded options market
, Mittnik and Rieken (2000) on German DAX options market, Cavallo and Mammola (2000) on Italian index option market.
Based on 39 options listed by London Traded Options Market
between 1978 and 1989, Watt, Yadav & Draper (1992) observe a steady price decline after option listings.
Nisbet, 1992, "Put-Call Parity Theory and an Empirical-Test of the Efficiency of the London Traded Options Market
", Journal of Banking and Finance, 16:381-403
(1.) The traded options market
is located in the Palais de la Bourse (Euronext) and options are traded on the Marche des Options Negociables de la Bourse de Paris, (MONEP).
Both the over the counter market and the exchange traded options market
tend to enhance the overall activity of currency options trading and new product development.