Economic information transmissions and liquidity between shipping markets: New evidence from freight derivatives

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• 作者：G. Alexandridis^a ; S. Sahoo^a ; I. Visvikis^b ; ^{ivisvikis@wmu.se}
• 关键词：C32 ; G13 ; G14
• 刊名：Transportation Research Part E: Logistics and Transportation Review
• 出版年：2017
• 出版时间：February 2017
• 年：2017
• 卷：98
• 期：Complete
• 页码：82-104
• 全文大小：671 K
• 卷排序：98

文摘

Freight futures markets informationally lead physical freight rate and options markets. Conversely, freight options fail their price discovery function, due to low trading activity and market liquidity. Calls for improving transparency in freight derivatives prices. Lead-lag relationships of three markets can enhance budgeting and risk management strategies.