... of this study is to provide new insights into the association between returns and trading volume by investigating their kernel (instantaneous) causality. The empirical analysis relies on time series data from 22 commodities futures markets (agricultural, energy and metals) in the USA. Design/methodology...

...Thiagu Ranganathan; Usha Ananthakumar Purpose – The purpose of this paper is to perform an analysis of potential benefits from usage of the futures markets for the farmers. The national commodity exchanges were established in India in the year 2003-2004. Though there has been a spectacular growth...

... by Danthine (1978) , who showed that volatility in futures markets is reduced when speculation increases market depth. Froot and Perold (1991) extend Kyle's (1985) model to show that market depth is increased with a more rapid dissemination of market wide information when there are traders in both futures...