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Program Trading and Stock Index Futures: Blessing or Bane?
Author(s) -
Cowen Tyler
Publication year - 1988
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1988.tb01546.x
Subject(s) - blessing , futures contract , financial economics , volatility (finance) , stock market index , stock market crash , economics , stock (firearms) , stock index futures , index (typography) , algorithmic trading , crash , stock market , business , engineering , history , computer science , programming language , mechanical engineering , context (archaeology) , archaeology , world wide web
’Program trading’and stock index futures and options are often blamed for stock market volatility, and especially so after the Crash. Professor Tyler Cowen, of the University of California at Irvine, claims that these new trading techniques have not added to volatility and that regulation could well increase it.