scholarly journals A Study of Indian Derivatives Market and its Current Position in Global Financial Derivatives Market

Author(s):  
S Sandra

Derivatives emerged as hedging instruments out of the need to control price risk. Earlier commodity prices were the sole concern of business community, and therefore, the derivatives on commodities were the first ones to emerge. The introduction of derivatives in India can be traced out in 1875, when the Bombay Cotton Trading Association Ltd was set up for futures trading in cotton. At present the markets for derivatives have been growing at a phenomenal pace. This paper traces the growth and current position of Indian derivatives market. Since its inception in June 2000, derivatives market has exhibited exponential growth both in terms of volume and number of contract traded. The market turnover has grown from Rs.24bn in 2000-01 to Rs. 2376tn in 2018-19. The present study is an effort to demonstrate the growth and expansion of derivatives in India during the time period 2010-11 to 2018-19. It also encompasses the scope, history, concept, types and growth of financial derivatives in India and the status of Indian derivatives market vis-à-vis global derivative market.

2009 ◽  
Vol 41 (2) ◽  
pp. 393-402 ◽  
Author(s):  
T. Randall Fortenbery

This paper examines three invited papers focused on commodity prices. Public responses to high nominal commodity prices and perceived increases in price risk have ranged from attempts to assign blame, attempts to change contracting arrangements, and development of public policy that “protects“ the market from future occurrences of unacceptable behavior. Interestingly, a result of increased commodity price volatility has suggested that futures markets no longer “work.“ This is ironic given that futures markets initially came into existence as tools for managing the negative impacts of commodity price risk. In response to perceptions of market failure some are looking for strategies to regulate the who and how of futures trading.


2014 ◽  
Vol 5 (1) ◽  
pp. 75
Author(s):  
Nirmala K. Reddy ◽  
B. M. Chandra Shekar ◽  
R. Munilakshmi

Commodity future markets in India are experiencing unparalleled growth and have attained critical economic significance in the last one decade. On the other hand, instability in commodity prices is becoming an issue of great concern not only for India, but all over the world impacting income, economic growth and a poor adversely. Ever-increasing demand and supply side constraints are adding to the upsurge in prices of metal and agricultural commodities, affecting manufacturers and consumers at the same time. Moreover, farmer participation in the market has been very poor. So the price risk management in commodity is not a cliché but a necessity for the development of future market. In an agriculture based economy like India, commodity derivatives are expected to play a pivotal role in the process of price discovery and risk management. The price discovery in futures markets would not be effective unless spot markets are regulated and integrated. The present paper aims to analyse the performance of futures trading in improvising commodity price risk management in India. The study employs co-integration technique to study the existence of long-term relationship between the spot and future prices of agricultural and metal commodities traded in Indian commodity exchanges. The study also explores the volatility aspect in spot and future prices to test the informational efficiency of the contracts and comment on their suitability for hedging activities. Based on the results, propositions would be made on the nature of speculative conditions and offer suggestions for improvement futures trading in commodities.


2020 ◽  
Vol 20 (11) ◽  
pp. 6687-6706
Author(s):  
Mikhail Paramonov ◽  
Saskia Drossaart van Dusseldorp ◽  
Ellen Gute ◽  
Jonathan P. D. Abbatt ◽  
Paavo Heikkilä ◽  
...  

Abstract. Ice-nucleating particle (INP) measurements were performed in the boreal environment of southern Finland at the Station for Measuring Ecosystem–Atmosphere Relations (SMEAR II) in the winter–spring of 2018. Measurements with the Portable Ice Nucleation Chamber (PINC) were conducted at 242 K and 105 % relative humidity with respect to water. The median INP number concentration [INP] during a 6-week measurement period was 13 L−1. The [INP] spanned 3 orders of magnitude and showed a general increase from mid-February until early April. No single dominant local or regional sources of INPs in the boreal environment of southern Finland could be identified. Rather, it is hypothesised that the INPs detected at SMEAR II are a result of long-range transport and dilution of INPs sourced far from the measurement site. Despite high variability, the measured [INP] values fall within the range expected for the [INP] measured elsewhere under similar thermodynamic conditions. The [INP] did not correlate with any of the examined parameters during the entire field campaign, indicating that no one single parameter can be used to predict the [INP] at the measurement location during the examined time period. The absence of a correlation across the entire field campaign also suggests that a variety of particles act as INPs at different times, although it was indirectly determined that ambient INPs are most likely within the size range of 0.1–0.5 µm in diameter on average. On shorter timescales, several particle species correlated well with the [INP]. Depending on the meteorological conditions, black carbon (BC), supermicron biological particles and sub-0.1 µm particles, most likely nanoscale biological fragments such as ice-nucleating macromolecules (INMs), correlated with the INP signal. However, an increase in the concentration of any of these particle species may not necessarily lead to the increase in the [INP]; the reasons for this remain unknown. Limitations of the instrumental set-up and the necessity for future field INP studies are addressed.


Behaviour ◽  
1986 ◽  
Vol 96 (1-2) ◽  
pp. 17-27 ◽  
Author(s):  
Thomas Geissmann

AbstractSiamang gibbons produce long and complex duet songs. The hypothesis that duetting may act as advertisement of the presence and the status of a mated pair has repeatedly been suggested for duetting birds. If a pair bonding effect of the duet is actually attained through a partner-directed learning effort resulting in a pair-specific duet, the learning investment should be concentrated into a time period as short as possible in order to avoid competitors. Therefore, after the formation of a new pair, an increase of singing activity should be expected. In order to test this prediction, the singing activity of a pair of captive siamang before and after a partner exchange was compared. In the newly formed pair, an increase in singing activity was observed. Additional observations on a second new pair show a similar trend. In this case, both new mates remained in their familiar place so that their singing activity was unlikely to be affected by the process of establishing a new territory.


Philosophy ◽  
2007 ◽  
Vol 82 (2) ◽  
pp. 213-233
Author(s):  
John W. Cook

Wittgenstein has often been criticized, and even dismissed, for being a patron of ordinary language, a champion of the vernacular, a defender of the status quo. One critic has written: ‘When Wittgenstein set up the actual use of language as a standard, that was equivalent to accepting a certain set up of culture and belief as a standard … It is lucky no such philosophy was thought of until recently or we should still be under the sway of witch doctors …’ In what follows I want to show just how wide of the mark criticisms of this sort are.


2009 ◽  
Vol 51 (1) ◽  
pp. 71-85
Author(s):  
R. Rioux

This paper describes a simple cost-push price model which has been developed at the Structural Analysis Division of Statistics Canada. This price model is a traditional input/output cost-push model which has been adapted to utilize the rectangular industry by commodity input/output tables for Canada. It can be considered as the "dual" of the output model. Instead of analysing the propagation of demand through the economic system, the price model serves to analyse the propagation of factor prices throughout the system. The purpose of such a price formation model is to determine the impact on industry selling prices and domestic commodity prices arising from a change in impart commodity prices and primary input prices. This price model is of a static type; it accepts no substitutions and its structure is quite rigid. It is considered as being an annual model although it can be used for a different time period. This model is fully operational and is widely used by many government and private agencies.


PEDIATRICS ◽  
1960 ◽  
Vol 25 (1) ◽  
pp. 145-150
Author(s):  
Lytt I. Gardner

THIS is a progress report to the readers of Pediatrics on the status of Senator Lister Hill's "Health for Peace" bill (Senate Joint Resolution 41). This measure, which would have set up an international institute of medical research, passed the Senate May 20, 1959 with flying colors but finally was snagged in a House subcommittee through the summer of 1959. The legislation received resounding approval by the Senate, with a vote of 63 to 17. The bill proposed to organize an Institute of International Medical Research within the framework of the National Institutes of Health. A $50,000,000 annual appropriation was planned. Evidence of widespread public support for the measure was observed in the statements of authorities who spoke at the Senate hearings concerning the bill. It is of interest that no one appeared to testify against S.J. Res. 41 during the 6 days of hearings. At lease two persons participating in the hearings were members of the American Academy of Pediatrics: Dr. Martha M. Eliot, Head, Department of Maternal and Child Health, Harvard School of Public Health and Dr. Sidney Farber (Honorary Associate Member), Professor of Pathology, Harvard Medical School. Many witnesses pointed out the importance of providing support for the research activities and the training of promising scholars in other lands. On this subject, Dr. Farber had this to say: In many countries, such as Italy, the amount of research support available is so small that men of great skill and intellect are compelled to carry on only token research concerning problems which are selected because they do not require manpower, equipment, or modern research facilities.


2012 ◽  
Vol 35 (2) ◽  
pp. 169-195 ◽  
Author(s):  
Torben Juel Jensen ◽  
Marie Maegaard

The article presents a real-time study of standardization and regionalization processes with respect to the use of past participles of strong verbs in the western part of Denmark. Analyses of a large corpus of recordings of informants from two localities show that the use of the dialectalenform of the past participle suffix has been in decline during the last 30 years. Theenforms are replaced by three other forms, one of which is (partly) dialectal, one regional and one standard Danish. The study indicates that a regionalization process has taken place prior to the time period studied, but that it has now been overtaken by a Copenhagen-based standardization process. The study also shows interesting differences between the two localities, arguably due to the geographical location and size, and to the status of the different participle forms in the traditional local dialects.


1996 ◽  
Vol 42 (2) ◽  
pp. 11-13
Author(s):  
Ye. A. Zhuk ◽  
V. A. Galenok ◽  
N. I. Selezneva ◽  
T. A. Anisimova ◽  
T. A. Mefodyeva

Analysis of clinical features of type I diabetes mellitus and of the status of health services using the chart of Diabcare, an All-European Program, demonstrated that the system of following up such patients is to be altered. The infrastructure of medicare is to be changed, schools are to be set up for training diabetics, diabetological centers organized, patients be provided for with means of automonitoring, and insulin supply be stable.


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