The Volatility Effect of Single-Stock Futures Trading on the Pakistani Stock Market

@inproceedings{Awan2013TheVE,
  title={The Volatility Effect of Single-Stock Futures Trading on the Pakistani Stock Market},
  author={Adil Awan and Amir Rafique},
  year={2013}
}
The impact of single-stock futures on spot market volatility is still debated in the finance literature. The aim of this study is to analyze the effect of the introduction of single-stock futures on the volatility of the Karachi Stock Exchange (KSE). We examine changes in the level of volatility and structure after the introduction of single-stock futures, evaluating 24 companies listed on the KSE. The study applies the F-test to determine differences in variance as a traditional measure for… Expand
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