TITLE

Explosion of Stock Market Indices - A Dimension of Financial Innovation

AUTHOR(S)
Matei, Mirela
PUB. DATE
December 2008
SOURCE
Petroleum - Gas University of Ploiesti Bulletin, Economic Scienc;2008, Vol. 60 Issue 4, p77
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Financial innovation process is very intense in the segment of stock market indices, because of the importance of these financial instruments. They are used to track the performance of the whole stock market or of the segments of this market. In addition, many exchange-traded funds replicate the structure of the most popular indices. The exchanges launch index derivatives in order to offer speculative or hedging instruments for institutional or individual investor. In recent years, non-standard issues such as temperature, snowfalls or real estate properties are traded at the exchange with the help of special indices that have allowed the standardization of these issues.
ACCESSION #
36350267

 

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