Title

What does volume reveal: A study of the Indian Single Stock Futures Market

Date of this Version

1-1-2012

Document Type

Journal Article

Publication Details

Published version

Martins Alas, R., Singh, H., & Bhattacharya, S. (2012). What does volume reveal: A study of the Indian Single Stock Futures Market. Indian Journal of Economics & Business, 11(2), 409-419

Access the journal

© Copyright Serials Publications, 2012

ISSN

0972-5784

Abstract

A single stock future is a relatively new type of exchange-traded derivative that has become popular in some of the emerging financial markets. In order to uncover any information effect of trading volume, a cogent question to ask is whether a relationship exists between the volume of trade on the underlying stock and the number of its single stock futures contracts traded. In this paper, we have explored the bi-variate relationship between trading volume of some of the most liquid individual stocks, as well as the single stock futures traded on those stocks in the fast emerging Indian market. Our findings indicate that a significant relationship exists between the trading volumes of the straight stocks and the single stock futures on them.

 

This document has been peer reviewed.