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Bridge over ocean
1 November 1990 Research Foundation

Program Trading and Systematic Risk

  1. A.J. Senchack
  2. John Martin

This monograph explores whether the introduction of index futures and options has produced a fundamental change in the systematic risk of the indexes themselves or in the stocks in the underlying cash-market indexes.

Program Trading and Systematic Risk View the full book (PDF)

This monograph explores whether the introduction of index futures and options has produced a fundamental change in the systematic risk of the indexes themselves or in the stocks in the underlying cash-market indexes.

Publisher Information
The CFA Institute Research Foundation 60 pages