Figure 1
A flowchart illustrating the selection process for stock exchanges in a study on commodity derivative markets. The flowchart starts with 50 global stock exchanges. It then branches to 34 stock exchanges that deal in commodity derivatives. From these, 11 stock exchanges are not considered due to the non-availability of data. Finally, 23 stock exchanges form the sample for the study, representing 14 countries across the world.Sample derivation for the study. Source: Authors’ own compilation