Independent Research Studies Funded by IFM
As part of our ongoing educational initiatives on the markets, the IFM funds research studies that examine critical issues. Below is a list of independent research studies funded by grants from the Institute for Financial Markets. IFM studies are subjected to rigorous review process to meet quality and credibility standards.
Customer Asset Protection Insurance Study (A study co-sponsored by the IFM, CME Group, Futures Industry Association, and National Futures Association)
- The Tale of Two Regulations — Dodd-Frank Act and Basel III: A Review and Comparison of the Two Regulatory Frameworks
Ohaness George Paskelian, University of Houston-Downtown and Stephen Bell, Park University
- OTC Derivatives: A Comparative Analysis of Regulation in the U.S., European Unions and Singapore Frameworks
Rajarshi Aroskar, University of Wisconsin-Eau Claire
- Systemic Risk: Clustering and Contagions Mechanism Frameworks
Agostino Capponi and Peng-Chu Chen, Purdue University
- The Impact of Regulation on the Liquidity and Pricing Efficiency of Exchange Traded Derivatives
Lorne Switzer and Qianyin Shan, Concordia University, Canada and Jean-Michel Sahut, HEG, Geneva, Switzerland
- Clearing and OTC Traded Derivatives: A Survey
Joseph K.W. Fung, Hong Kong Baptist University; and Robert I. Webb, University of Virginia and KAIST Business School, Graduate School of Finance and Accounting, Seoul, Korea
- Behavioral Finance and Pricing of Derivatives: Implications for Dodd-Frank Act
Rahul Verma, University of Houston-Downtown
- Optimizing the Cost of Customization for OTC Derivatives End Users
Sean Owens, Woodbine Associates
- A Half-Century of Product Innovation and Competition at U.S. Futures Exchanges
Michael Gorham and Poulomi Kundu, Illinois Institute of Technology
- Transaction Tax and Market Quality of U.S. Futures Exchanges: An Ex-Ante Analysis
Johan C. Bjursell, Ronin Capital; George H.K. Wang, George Mason University; and Jot K. Yau, Seattle University
- Margin Backtesting
Christophe Perignon, HEC Paris and Christophe Hurlin, University of Orleans, France
- Clearing House, Margin Requirements, and Systemic Risk
Jorge A. Cruz Lopez, Simon Fraser University; Jeffrey H. Harris, University of Delaware; and Christophe Pérignon, HEC Paris.
- High-Frequency Trading: Methodologies and Market Impact
Frank J. Fabozzi, Yale School of Management; Sergio M. Focardi, EDHEC Business School; and Caroline Jonas, The Intertek Group.
- Would Price Limits Have Made Any Difference to the "Flash Crash" on May 6, 2010?
Bernard Lee; Shih-fen Cheng and Annie Koh, Singapore Management University
- Direct Market Access in Exchange-Traded Derivatives: Effects of Algorithmic Trading on Liquidity in Futures Markets
Ahmet K. Karagozoglu, Hofstra University
Recommendation for Best Practice in Order Entry and Transmission of Exchange-Traded Futures and Options Transactions
A Report to the U.S. Commodity Futures Commission from National Futures Association and Institute for Financial Markets (formerly Futures Industry Institute)