sense that they are mathematical (logical) projections of it. Like the other trading instruments I have described, then, derivatives and futures options are conflations of representation and exchange, for the representations of time and risk implicit in these trades create a purely notional trading environment whose only existence is electronic. Nevertheless, these electronic trades can have ve...

This study looks at the inefficiency of stock indices France, Italy, and Spain around their financial regulatory authorities’ short-sale ban during COVID-19 pandemic crisis. The empirical analysis this provides evidence price predictability basis futures contract prior to restriction. Moreover, results show a significant underpricing in contracts FTSE MIB IBEX35 while two months banned period. ...

Manufactures often rely on different types of long term contracts with established suppliers to procure goods often involving delivery lead times; however, the emergence of online B2B markets provides an additional procurement flexibility. Manufacturers can interact directly with the market either through spot transactions or claims contingent on commodity prices. In particular, we explore the ...

We employ the methods of neural network (hereafter NN) and genetic programming (hereafter GP) in this paper to construct a spread trading system, respectively, to forecast the trend of the price spread between Taiwan Stock Exchange Electronic Index Futures (hereafter TE) and Taiwan Stock Exchange Finance Sector Index Futures (hereafter TF). To forecast the trend of the spread, we use a variety ...

In this paper we propose a continuous time model capable of describing the dynamics of futures equity index returns at different time frequencies. Unlike several related works in the literature, we avoid specifying a model a priori and we attempt, instead, to infer it from the analysis of a data set of 5-minute returns on the S&P500 futures contract. We start with a very general specification. ...

This paper analyses the time series properties of the daily return from the ten year bond futures contracts traded on the Sydney Futures Exchange (SFE), together with the transmission of volatility from other interest rate futures contracts. The methodology relies on appropriate modelling of the conditional hetersocedasticity observed in the futures price change series. It is then evidnt that t...

Futures are special kind of values that allow the synchronisation of different processes. Futures are in fact identifiers for promised results of function calls that are still awaited. When the result is necessary for the computation, the process is blocked until the result is returned. We are interested in this paper in transparent first-class futures, and their use within distributed componen...

The main purpose of this paper is to present a three-phase periodization of modern Western futures studies to construct historical classification. In order to reach this goal, the following intellectual traditions are introduced to review the philosophical and historical contexts that affect the very foundations of futures studies: (a) religions, (b) utopias, (c) historicism, (d) science fictio...