Regulation of Speculation in the Financial Market: Focusing on Derivative Instruments

• Main Author: CHEN, Christopher Chao-hung
• Format: text
• Language: Chinese
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: speculation; hedging; derivatives; futures; credit default swap; economic analysis; systemic risk; gambling (wagering); insurable interest; clearing; Banking and Finance Law; Commercial Law; Securities Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/981; http://www.law.ntu.edu.tw/ntulawjournal/mini_journal/English_abstract/39/39_3E/39-3-4陳肇鴻-ChaohungChen英文摘要.pdf
• Institution: Singapore Management University

This article argues that market speculation is a conduct to acquire benefits by undertaking risk. Derivative instruments are powerful tools for market participants to conduct market speculation, which may help hedging, market making and completing investment market. However, pure and excessive specu...