Success Factors of Financial Derivatives Markets in Asia

Trin Sittisawad and Pariyada Sukcharoensin ()
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Trin Sittisawad: AEC Securities Public Company Limited
Pariyada Sukcharoensin: National Institute of Development Administration

Asia-Pacific Financial Markets, 2018, vol. 25, issue 2, No 1, 86 pages

Abstract: 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.

Keywords: Asia; Derivatives market; Financial derivatives; Success model (search for similar items in EconPapers)
JEL-codes: G10 (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/s10690-018-9239-4

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