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• W2095284702 abstract "In this article, we investigate the impact of the introduction of stock index futures trading on the daily returns seasonality of the underlying index for seven national markets. It has been previously argued that the introduction of futures trading should lead to reduced seasonality of mean returns, and generally our results support this conclusion. The impact of index futures introduction on return autocorrelations and volatility is also tested, and the evidence presented suggests that futures trading has no impact on the former, although a change in the seasonal for the latter was detected." @default.
• W2095284702 created "2016-06-24" @default.
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• W2095284702 date "2002-01-01" @default.
• W2095284702 modified "2023-10-16" @default.
• W2095284702 title "The Impact of Stock Index Futures Trading on Daily Returns Seasonality: A Multicountry Study" @default.
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• W2095284702 doi "https://doi.org/10.1086/323506" @default.
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