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Impact of euro on the price reversals of currency derivatives in the Chicago Mercantile Exchange from 1988 to 2003 is examined.

The Chicago Board Options Exchange listed both American-style and European-style options on Standard and Poor's 500 Index during the period of April 2, 1986 to June 20, 1986. This study uses the asking quotes of that time to directly measure the early exercise premiums of American-style index options, creating a matched-pair sampling of ask and bid quotes for identical European and American options

Research information regarding the role of information in in U.S. futures trading globally is outlined. Three financial futures contracts that are dual listed on U.S. and Asian markets are analyzed for patterns of information flows.

Research regarding optimal futures hedging decisions when hedgers is disappointment-averse is given. When the futures contract is a perfect hedge instrument, a disappointment-averse hedger always holds a position close to the full hedge than a nondisappointment-averse hedger.

Analysis of trading volume, price volatility and the spread between bid and ask was performed using the generalized method of moments. A positive relationship was found between price volatility and trading volume, but an inverse relationship between bid-ask spread and trading volume.

Futures and index market trading of the Standard and Poor 500 index was analyzed using genetic algorithms to maximize returns. Comparison showed that genetic programming did not consistently compare favorably with the strategy of buy-and-hold.