New types of non-trade related participation in commodity futures markets

Lamon Rutten ()

Finance from University Library of Munich, Germany

Abstract: This paper explores the growing involvement of new types of non- commodity-sector-related players in commodity futures markets. This includes a discussion on the role of managed funds, the impact of the use of commodity warrants, and the direct involvement of banks. The impact of this new form of "speculation" on the price formation process on commodity futures markets is then examined, and conclusions are drawn as to the use of these markets by commodity sector actors.

Keywords: commodity futures market; futures; options; speculation; market efficiency (search for similar items in EconPapers)
JEL-codes: D40 D80 G14 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2003-01-03
New Economics Papers: this item is included in nep-cfn, nep-fin, nep-mfd and nep-rmg
Note: Type of Document - pdf; pages: 25; figures: included. pdf file
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpfi:0301004

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