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- Title
Signaling in S & P CNX NIFTY Futures Market at NSE, India.
- Authors
Barik, Prasanna Kumar; Surpry, M. V.
- Abstract
This study examined the signaling, effect of the efficient pricing and efficient order entry system on the trading in the NIFTY Index Futures market. The IGARCH (1, 1) two-stage model is used in this study. Result indicate that the NIFTY Future market is not not a perfect market, Rather, it is a monopoly. The market is inefficient due to asymmetric information. Arbitragers make risky at the cost of other market participants. Efficient pricing and efficient order entry system are therefore good signaling devices, which ensure efficient valuation.
- Subjects
PRICING; ORDER entry; MARKETS; FUTURES market; MONOPOLIES; VALUATION
- Publication
Decision (0304-0941), 2007, Vol 34, Issue 1, p183
- ISSN
0304-0941
- Publication type
Article