Lessons in Structuring Derivatives Exchanges

G. Tsetsekos, P. Varangis
The World Bank Research Observer

Add Remove

excerpt The success of a derivatives exchange is determined to a large extent by the soundness of the foundation on which it is built. Thus, the design of the formal structures and systems created to ensure orderly trading and execution of exchange transactions is crucial. The microstructure may become a form of competitive advantage to the degree that it motivates, facilitates, or enables price discovery and eliminates asymmetric information. on 8/15/2019, 4:45:45 PM