Why Haven't Pulp Futures Contracts Succeeded? A Case Study

18 Pages Posted: 15 May 2015

See all articles by Hilary Till

Hilary Till

Premia Research LLC; EDHEC-Risk Institute; J.P. Morgan Center for Commodities, University of Colorado Denver Business School; Global Commodities Applied Research Digest

Date Written: December 1, 2014

Abstract

Why have some seemingly promising futures contracts not succeeded in the recent past? In this paper, we will examine one such example, the pulp market. In two companion working papers, we will also analyze two other futures market failures: namely, in the uranium market and in weather derivatives.

The structure of this paper is as follows. First we summarize the individual attempts at launching pulp futures contracts, and then we note how the pulp markets match up (or not) against the various criteria for the successful launch of a futures contract.

Keywords: Futures, hedging, price risk, volatility, commodity, speculator, pulp

JEL Classification: G1, L73

Suggested Citation

Till, Hilary, Why Haven't Pulp Futures Contracts Succeeded? A Case Study (December 1, 2014). Available at SSRN: https://ssrn.com/abstract=2606051 or http://dx.doi.org/10.2139/ssrn.2606051

Hilary Till (Contact Author)

Premia Research LLC ( email )

United States
312-583-1137 (Phone)
312-873-3914 (Fax)

HOME PAGE: http://customindices.spindices.com/custom-index-calculations/premia/all

EDHEC-Risk Institute

Nice
France

HOME PAGE: http://risk.edhec.edu/

J.P. Morgan Center for Commodities, University of Colorado Denver Business School ( email )

1475 Lawrence St.
Denver, CO 80202
United States

HOME PAGE: http://www.business.ucdenver.edu/commodities

Global Commodities Applied Research Digest ( email )

J.P. Morgan Center for Commodities
1475 Lawrence Street
Denver, CO 80202
United States

HOME PAGE: http://www.jpmcc-gcard.com/hilary-till

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