The successful functioning of global stock index futures markets depends heavily upon the efficient execution of two essential recurring transactions: calendar spreads and stock index arbitrage. In the final weeks preceding a futures expiration calendar transactions dominate order flow in a...

Following a meeting of the US-China Strategic & Economic Dialogue in Beijing on May 25, 2010, China reported that it will permit QFIIs (qualified foreign institutional investors) to use the newly created CSI 300 Stock Index futures that began trading on the CFFEX (China Financial Futures...