Early analysis of Bitcoin concluded that it did not meet the economic conditions to be
classified as a currency. Since this conclusion, interest in Bitcoin has increased …

BitMEX is the largest unregulated bitcoin derivatives exchange, listing contracts suitable for
leverage trading and hedging. Using minute‐by‐minute data, we examine its price discovery …

Using high‐frequency data, this study investigates intraday price discovery and volatility
transmission between the Chinese stock index and the newly established stock index …

This paper studies competition in price discovery between spot and futures rates for the EUR–
USD and JPY–USD markets around scheduled macroeconomic announcements. Using …

We investigate which of the two main centers of gold trading—the London spot market and
the New York futures market—plays a more important role in setting the price of gold. Using …

Trading of Bitcoin is spread about multiple venues where buying and selling is offered in
various currencies. However, all exchanges trade one common good and by the law of one …

Recent papers that have explored spot and futures markets for Bitcoin have concluded that
price discovery takes place either in the spot, or the futures market. Here, we consider the …

Using prices from 182 cash markets from seven states and the Chicago Board of Trade
futures, we investigate cointegration and price discovery for corn. Analysis based on cash …

This paper examines contemporaneous and Granger causality among US corn futures and
seven cash prices from major producing states for January 2006–March 2011. Causal flows …

This paper examines contemporaneous causality among daily price series of the Chinese
Stock Index 300 (CSI300), nearby futures, and first distant futures for April 2010~ November …