期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2012
卷号：12
期号：2
语种：English
出版社：Ovidius University Press
摘要：The second segment of the derivatives market in Romania,the options contracts has always been the "poor relative" of the futures market. This paper aims to analyze the main features of the options market in Romania in an attempt to determine the necessity and opportunity for its existence in the Romanian capital market landscape. After analyzing the volume,value and the typology of the options contracts traded at Sibiu Stock Exchange in the last decade,we can conclude that we are facing a watershed moment for the options market,the dramatic decrease in the number of contracts traded putting into question the future existence of the market. Although in terms of the types of contracts traded,investors have real alternatives for hedging and speculation,they seem to bypass the options segment and preferred the futures contracts. The explanation for this behavior consists,in our opinion,both in the illiquidity of the market and the lack of financial culture and experience of the investor.
关键词：options contracts;Sibex;volume of trades;market liqudity
