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Asia-Pacific Financial Markets

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22-02-2018

Success Factors of Financial Derivatives Markets in Asia

Authors: Trin Sittisawad, Pariyada Sukcharoensin

Published in: Asia-Pacific Financial Markets | Issue 2/2018

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Abstract

The objective of this study is to investigate the success factors of financial derivatives markets in Asia. The selected countries include Thailand, Malaysia, Singapore, South Korea, Japan and Hong Kong. The success factors of financial derivatives markets in Asia are examined by employing the panel regression. The empirical results show that size, volatility, and liquidity of spot market are significant factors for the success of financial derivatives markets in sample countries. Further, tick size, contract size, and option-type also enhance trading volumes while product age is not statistically significant. The results from this study provide important implications in developing the financial derivatives market which plays an important role in the capital market.

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Title: Success Factors of Financial Derivatives Markets in Asia
Authors: Trin Sittisawad
Pariyada Sukcharoensin
Publication date: 22-02-2018
Publisher: Springer Japan
Published in: Asia-Pacific Financial Markets / Issue 2/2018
Print ISSN: 1387-2834
Electronic ISSN: 1573-6946
DOI: https://doi.org/10.1007/s10690-018-9239-4