Dividing hedging and gambling: Legal implications of derivative instruments
The past three decades have seen the emergence in themarket of many different types of “derivativeinstruments”, ranging from futures, forwards, options,and swaps1 to some other hybrid instruments2 orsynthetic transactions3 . Along with insurance,derivative instruments help market participants notonl...
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sg-smu-ink.sol_research-45672018-05-30T01:36:41Z Dividing hedging and gambling: Legal implications of derivative instruments CHEN, Christopher C. H. The past three decades have seen the emergence in themarket of many different types of “derivativeinstruments”, ranging from futures, forwards, options,and swaps1 to some other hybrid instruments2 orsynthetic transactions3 . Along with insurance,derivative instruments help market participants notonly to hedge various types of risks but also to engagein market speculation. A derivative transaction couldserve the purpose of avoiding large losses (i.e. hedging)as well as earning a windfall (i.e. speculation). As such,one question arises: Is there any difference betweengambling and derivative trading? 2006-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/sol_research/2609 https://ink.library.smu.edu.sg/context/sol_research/article/4567/viewcontent/VfPHedgingGamblingPDF.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Yong Pung How School Of Law eng Institutional Knowledge at Singapore Management University Entertainment, Arts, and Sports Law |
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Entertainment, Arts, and Sports Law CHEN, Christopher C. H. Dividing hedging and gambling: Legal implications of derivative instruments |
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The past three decades have seen the emergence in themarket of many different types of “derivativeinstruments”, ranging from futures, forwards, options,and swaps1 to some other hybrid instruments2 orsynthetic transactions3 . Along with insurance,derivative instruments help market participants notonly to hedge various types of risks but also to engagein market speculation. A derivative transaction couldserve the purpose of avoiding large losses (i.e. hedging)as well as earning a windfall (i.e. speculation). As such,one question arises: Is there any difference betweengambling and derivative trading? |
| format |
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CHEN, Christopher C. H. |
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CHEN, Christopher C. H. |
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CHEN, Christopher C. H. |
| title |
Dividing hedging and gambling: Legal implications of derivative instruments |
| title_short |
Dividing hedging and gambling: Legal implications of derivative instruments |
| title_full |
Dividing hedging and gambling: Legal implications of derivative instruments |
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Dividing hedging and gambling: Legal implications of derivative instruments |
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Dividing hedging and gambling: Legal implications of derivative instruments |
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dividing hedging and gambling: legal implications of derivative instruments |
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Institutional Knowledge at Singapore Management University |
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2006 |
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https://ink.library.smu.edu.sg/sol_research/2609 https://ink.library.smu.edu.sg/context/sol_research/article/4567/viewcontent/VfPHedgingGamblingPDF.pdf |
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