The Relationship with Exchange Traded Derivatives

Victoria Ward
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Victoria Ward: NatWest Futures

Chapter 7 in OTC Markets in Derivative Instruments, 1993, pp 124-146 from Palgrave Macmillan

Abstract: Abstract This chapter considers the relationship between the exchange traded and OTC derivatives markets. It begins by summarising the characteristics of both markets, before exploring the implications of differences in product design, trading environment, liquidity, administration and cost, and regulation and credit risk. An attempt is made to answer the question of whether the relationship is one of symbiotic reinforcement or destructive competition. The chapter concludes with some speculations of the author regarding future developments.

Keywords: Credit Risk; Implied Volatility; Future Contract; Secondary Market; Cash Market (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-13053-5_7

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DOI: 10.1007/978-1-349-13053-5_7

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