Lessons from the demise of the Brent Crude oil futures contract on the Singapore Exchange

• Main Authors: DING, Kuan Yong David, LIM, Wui Boon
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2024
• Subjects: brent crude futures; contract failure; Singapore exchange; Asian Studies; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/7503; https://ink.library.smu.edu.sg/context/lkcsb_research/article/8502/viewcontent/jrfm_17_00252.pdf
• Institution: Singapore Management University

This paper highlights the lessons drawn from the demise of the Brent Crude Oil futures contract that was traded on the Singapore Stock Exchange (SGX). We analyze the market microstructure of the contract prior to its failure—specifically, the number of trades, trading volume, open interest, bid–ask...