LIQUIDITY WITHOUT VOLUME: THE CASE OF FINEX, DUBLIN: INTRODUCTION

Speculators, hedgers, and professional portfolio managers alike require that exchange-traded futures markets have substantial volume before they will participate. Indeed, commodity trading advisors (CTAs) often insist on volumes between 2000 to 5000 contracts per day before they will even consider t...

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Bibliographic Details
Published in:The journal of futures markets 1997-05, Vol.17 (3), p.247
Main Authors: Clyman, Dana R, Allen, Christopher S, JAYCOBS, RICHARD
Format: Article
Language:English
Subjects:
Arbitrage
Audited financial statements
Derivatives
Futures market
Futures trading
Online Access:Get full text
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Summary:Speculators, hedgers, and professional portfolio managers alike require that exchange-traded futures markets have substantial volume before they will participate. Indeed, commodity trading advisors (CTAs) often insist on volumes between 2000 to 5000 contracts per day before they will even consider trading a futures market. Volume, however, is not their true concern. What these market participants actually want are liquidity assurances; that is, assurances that their orders, particularly orders to exit positions, will be executed on demand without any adverse price...
ISSN:0270-7314
1096-9934