Academic Articles

As part of our educational initiative, the Institute has funded a number of independent research studies that represent solid scholarship and advance knowledge in the study of derivatives. Articles sponsored by the IFM are subjected to a peer review process in which recognized researchers and experts in the field, read and evaluate a paper or article and recommend whether the paper should be revised, rejected or published.

Peer review is widely accepted as an indicator of quality scholarship in a discipline or field and articles must meet the discipline's expected quality and credibility standards. Research subjected to such a rigorous review takes time and these articles are not intended for hot, news-driven topics. Articles that appear in specialized periodicals, professional trade journals or magazines are not subject to peer review.

Below are the peer-reviewed articles funded through grants awarded by the IFM.

• The Tale of Two Regulations — Dodd-Frank Act and Basel III: A Review and Comparison of the Two Regulatory Frameworks

• OTC Derivatives: A Comparative Analysis of Regulation in the U.S., European Unions and Singapore Frameworks

• Systemic Risk: Clustering and Contagions Mechanism Frameworks

• The Impact of Regulation on the Liquidity and Pricing Efficiency of Exchange Traded Derivatives

•  Clearing and OTC Traded Derivatives: A Survey

• Behavioral Finance and Pricing of Derivatives: Implications for Dodd-Frank Act

• Optimizing the Cost of Customization for OTC Derivatives End Users

• A Half-Century of Product Innovation and Competition at U.S. Futures Exchanges

• Transaction Tax and Market Quality of U.S. Futures Exchanges: An Ex-Ante Analysis

• Margin Backtesting

• Clearing House, Margin Requirements, and Systemic Risk

• High-Frequency Trading: Methodologies and Market Impact

• Would Price Limits Have Made Any Difference to the "Flash Crash" on May 6, 2010?

• Direct Market Access in Exchange-Traded Derivatives: Effects of Algorithmic Trading on Liquidity in Futures Markets

• The Origin, Nature and Role of SROs in Contemporary Derivative Markets