Stock Index Futures Contracts: Analysis and Applications

Obiyathulla Bacha and Pattarake Sarajoti

Chapter 4 in Financial Derivatives:Markets and Applications, 2023, pp 81-137 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter examines equity futures contracts like stock index futures (SIF) and single stock futures (SSF) contracts. In-depth analysis is undertaken for two SIF contracts, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) futures (FKLI) traded on Bursa Malaysia Derivatives Berhad (BMDB) and the SET 50 Index futures contract traded on the Thailand Futures Exchange (TFEX). The chapter describes how these contracts can be used for hedging, arbitrage, and speculative purposes. SSF contracts available on both BMDB and TFEX are also examined. On completing this chapter, you should have a good understanding of SIF and SSF contracts and their applications.

Keywords: Derivatives; Financial Derivatives; Derivative Markets; Forwards; Futures; Options; Shariah Compliant Derivatives; Islamic Derivatives (search for similar items in EconPapers)
JEL-codes: G1 G10 G11 (search for similar items in EconPapers)
Date: 2023
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