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- W1977351219 abstract "This paper studies price volatility of the Nikkei 225 stock index and its futures contracts traded on SIMEX, OSE and CME. We address the following three questions: What effect does the introduction of a new futures market have on volatility in the underlying spot and existing futures markets? Is price volatility affected by market structure and regulations? and Is there an expiration day effect? We find that the introduction of a new futures contract has no significant effect on volatility in the stock market. Evidence, too weak to suggest that tighter regulations could have a stabilizing effect and no expiration day effect." @default.
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- W1977351219 date "1994-05-01" @default.
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- W1977351219 title "Futures markets, regulation and volatility: The case of the Nikkei stock index futures markets" @default.
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- W1977351219 doi "https://doi.org/10.1016/0927-538x(94)90017-5" @default.
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