Abstract
We set out to investigate the impacts on spot market quality arising from various issuing models of single stock derivatives, examining the following three issuing models used by the Taiwan Futures Exchange (TAIFEX): (i) individual issuance of single stock options, (ii) individual issuance of single stock futures, and (iii) simultaneous issuance of single stock options and futures. We aim to identify any improvements in the market quality of single stock spots attributable to the three issuing models and identify the optimal issuing model. Our results can help the competent authorities to determine the optimal issuing model of single stock derivatives. Key words: Market quality, single stock options, single stock futures, issuing models
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
