In April, 2006, the newly established Thailand Futures Exchange (TFEX) launched the SET 50 index futures contract as its first traded product. The launch provides this study with a unique opportunity to investigate the development of liquidity and trading activity on an emerging futures market....

Recently, the Swedish options and futures exchange (OM) launched some regulatory changes in the design of the OMX index options market. The redesign constituted two alterations in the option contract specifications; a coarser strike price interval for the index options, and a 4:1 split affecting...

This study investigates the dynamic relationship between option happiness (the steepness of the volatility smirk) and relative index option liquidity. We find that, on a daily basis, option happiness is significantly dependent on the relative liquidity between option series with different...