2015 Derivative Markets Conference

13-14 August 2015, Auckland, New Zealand

The Auckland Centre for Financial Research at the Faculty of Business and Law, Auckland University of Technology will be hosting a two-day conference that focuses on derivative markets. We invite academics and professionals to submit papers that model/explain features of derivative markets.


CLICK HERE for the Academic Programme


SPECIAL ISSUE

The Journal of Futures Markets has dedicated a special issue on “Agricultural and Commodity Derivatives” to selected papers presented at the conference.

KEYNOTE SPEAKER:
Prof. Robert I. Webb, University of Virginia, US

BEST PAPER AWARDS:
Best Paper Award NZD 2,000
Runner Up Award NZD 1,000

PAPER SUBMISSION:
Deadline for paper submission: 15 May 2015
Papers can be submitted by clicking the button below.
Authors will be informed of the outcome of their submission by June 15 2015.

REGISTRATION:
Deadline for registration is 1 July 2015 (NZD350 Registration Fee).

MEETING ORGANIZERS:
Bart Frijns
Professor of Finance, AUT University
Director of the ACFR

Alireza Tourani-Rad
Professor of Finance, AUT University

Robert I. Webb
Professor of Finance, University of Virginia, US

Friday 14th August 2015


09h00 to 10h30 - Session One


Stream 1 Chair: Robert Webb, University of Virginia


Presenter: Alex Frino, Macquarie Graduate School of Management

Paper: Are Hedgers Informed?  An Examination of the Price Impact of Large Trades in Agricultural Futures Markets

Discussant: Feng Zhao, University of Texas


Presenter: Peter Prins, Wageningen UR

Paper: The Impact of Commodity Futures Characteristics on the Roll Return

Discussant: Jedrzej Bialkowski, University of Canterbury


Presenter: Malick Sy, RMIT University

Paper: Volatility Spillover from Soybean Oil Futures to Crude Palm Oil Spot & Futures: An Empirical Evidence

Discussant: Adrian Fernandez-Perez, Auckland University of Technology


Stream 2 Chair: Bart Frijns, Auckland University of Technology


Presenter: Talis Putnis, University of Technology Sydney

Paper: Who sets the price of gold? London or New York

Discussant: Lars Nordén, Stockholm Business School


Presenter: Bart Frijns, Auckland University of Technology

Paper: Precious Metals, Oil and the Exchange Rate: Contemporaneous Spillover Effects

Discussant: Fang Zhen, University of Otago


Presenter: Angelo Aspiris, University of Sydney

Paper: Towards a new Fix: Assessing the new Fix Regimes for Metals Trading

Discussant: Susan Thorp, University of Sydney


11h00 to 12h30 - Session Two


Stream 1 Chair: Alex Frino, Macquarie Graduate School of Management


Presenter: Changi Kim, Korea University

Paper: A Study on Causal Relationship Between Spot Price and Futures Price of Crude Oil and Agricultural Products

Discussant: Ivan Indriawan, Auckland University of Technology


Presenter: Susan Thorp, University of Sydney

Paper: Crude oil and agricultural futures: an analysis of correlation dynamics

Discussant: Alex Frino, Macquarie Graduate School of Management


Presenter: Feng Zhao, University of Texas

Paper: Trading Activity and Price Behavior in the Agricultural Futures Markets

Discussant: Peter Erdos, RPM Risk & Portfolio Management


Stream 2 Chair: Erik Schlögl, University of Technology Sydney


Presenter: Geul Lee, UNSW Business School

Paper: Impact of truncation on model-free implied moment estimator

Discussant: Thijs van der Heijden, University of Melbourne


Presenter: James Yae, University of Houston

Paper: A Comprehensive Look at the Option-Implied Predictors of Stock Returns

Discussant: Geul Lee, UNSW Business School


Presenter: Jose Da Fonseca, Auckland University of Technology

Paper: Analytic Pricing of Volatility-Equity Options within Wishart-Based Stochastic Volatility Models

Discussant: James Yae, University of Houston


14h00 to 15h30 - Session Three


Stream 1 Chair: Talis Putnis, University of Technology Sydney


Presenter: Stefan Trück, Macquarie University

Paper: Convenience Yields and Risk Premiums in the EU-ETS - Evidence from the Kyoto Commitment Period

Discussant: Rachel Pownall, Maastricht University


Presenter: Thijs van der Heijden, University of Melbourne

Paper: The option value in timing derivative trades

Discussant: Baeho Kim, Korea University


Presenter: Geul Lee, UNSW Business School

Paper: Effectiveness of linear extrapolation in model-free implied moment estimation

Discussant: Talis Putnis, University of Technology Sydney


Stream 2 Chair: Lars Nordén, Stockholm Business School


Presenter: Adrian Fernandez-Perez, Auckland University of Technology

Paper: Skewness

Discussant: Changi Kim, Korea University


Presenter: Fang Zhen, University of Otago

Paper: A Theory of the CBOE SKEW

Discussant: Jose Da Fonseca, Auckland University of Technology


Presenter: Stefan Trück, Macquarie University

Paper: Factors of the Term Structure of Realized Risk Premiums in Currency Forward Markets

Discussant: Malick Sy, RMIT University


16h00 to 17h30 - Session Four


Stream 1 Chair: Feng Zhao, University of Texas


Presenter: Baeho Kim, Korea University

Paper: A Smiling Bear in the Equity Option Market and the Cross-section of Stock Returns

Discussant: Bart Frijns, Auckland University of Technology


Presenter: Peter Erdos, RPM Risk & Portfolio Management

Paper: Time Series Momentum: Benchmarking the Managed Futures Industry and the Potential Benefit from Mixing Trend-Following with Contrarian Position Taking

Discussant: Peter Prins, Wageningen UR


Presenter: Rachel Pownall, Maastricht University

Paper: Art Backed Lending: Implied Spreads and Art Risk Management

Discussant: Susan Thomas, Indira Ghandi Institute of Development Research


Stream 2 Chair: Alireza Tourani-Rad, Auckland University of Technology


Presenter: Sargam Jain & Susan Thomas, Indira Ghandi Institute of Development Research

Paper: Do futures markets help in price discovery and risk management for commodities in India?

Discussant: Stefan Trück, Macquarie University


Presenter: Lars Nordén, Stockholm Business School

Paper: Components of the Bid-Ask Spread and Variance: A Unified Approach

Discussant: Angelo Aspiris, University of Sydney


Presenter: Jan Koeman, University of Canterbury

Paper: Cross-hedging on the International Milk-derived Product Market

Discussant: Alireza Tourani-Rad, Auckland University of Technology

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