Educational Research Symposia

 

History and Symposium Proceedings

 

2004 Hong Kong

2003 Shanghai

 

1995-2000 Proceedings of the Futures Research Symposium / Proceedings of the Spring Research Seminar

2000 Spring, APFRS, Hong Kong, February 2000

1999 Summer, Chicago, May 1999

1998 Fall, Chicago, May 1998

1997 Winter, EFRS, London, England, September 1997

1997 Summer, APFRS, Hong Kong, February 1997

1996 Winter, Chicago, May 1996

1996 Spring, Chicago, May 1995

1995 Winter, APFRS, Hong Kong, March 1995

1995 Fall, Chicago, December 1994

1995 Spring, Chicago, May 1994

 

1988, Review of Futures Markets

 

1950-1958 Proceedings of the Annual Symposium: Commodity Markets and the Public Interest

1958 (September 3-5)

1957 (September 4-6)

1956 (September 5-7)

1955 (September 7-9)

1954 (September 8-10)

1953 (September 10-11)

1952 (September 11-12)

1950 (September 7-8)

 

 

2003 Shanghai

-------------------

 

Kin Lam, Chor-Yiu Sin, and Rico Leung

A Theoretical Framework to Evaluate Different Margin-Setting methodologies

 

 

Siu Pang Au-Yeung and Gerard Gannon

Regulartory Change and Structural Effects In HSIF and HIS Volatility

 

 

Carolyn Chang and Jack S.K.Chang

Optimum Futures Hedge in the Presence of Clustered Supply and Demand Shocks, Stochastic Basis, and Firm’s Costs of Hedging

 

 

Paul Draper and Joseph K.W.Fung

Discretionary Governemtn Intervention, and the Mispricing of Index Futures

 

 

Raymond W. So and Yiuman Tse

Price Discovery in the Hang Seng Index Markets: Index, Futures, and the Tracker Fund

 

 

Aysegul Ates and George H.K.Wang

Competition, Fragmentation, and Complementarity: The Case of Equity Index Futures versus E-mini Equity Index Futures

 

 

Vicentiu Covrig, David K. Ding and Buen Sin Low

Price Discovery in Informationally-Linked Markets: A Microstructure Analysis of Nikkei 225 Futures

 

 

Les Gulko

Empirical Tests of the Beta Model for Bond Option Pricing

 

 

Haynes H.M.Yung and Hua Zhang

An Empirical Investigation of the GARCH Option Pricing Model: Hedging Performance

 

 

Rob Brown and Victor Fang

Estimating Swap Rates from Bank Bill Futures Prices: The Theory and the Practice

 

 

Carl Chiarela and Thuy-Duong To

The Jump Component of the Volatility Structure of Interest Rate Futures Markets: An International Comparison

 

 

 

1997 Winter

---------------

 

Ralf Hermann and Alexander Narr

Neural Networks and the Valuation of Derivatives - Some Insights into the Implied Pricing Mechanism of German Stock Index Options

 

Commentary  

 

Leticia Veruete and Steward Hodges

Modelling Commodity Futures Spreads: an Empirical Study

 

Commentary  

 

Gordon Gemmill and Naoki Kamiyama

International Transmission of Option Volatility and Skewness: When you're smiling, does the whole world smile?

 

Commentary  

 

Christopher L. Gilbert

Manipulation of Metals Futures: Lessons from Sumitomo

 

Commentary  

 

Alexander Kempf and Alaf Korn

Market Depth and Order Size

 

Commentary  

 

Monique W.M. Donders and Ton C.F. Vorst

Trading Volume, Open Interest and Liquidity in Stock Options Around Earnings Announcements

 

Commentary  

 

Rita L. D'Ecclesia and Rosella Castellano

Information Flows and Bid-Ask Spread for the BTP Futures

 

Commentary 

 

 

1997 Summer

-----------------

 

Garry Twite and Justin Wood

The Pricing of Australian Imputation Tax Credits: Evidence from Individual Share Futures Contracts

 

Commentary 

 

Pin-Huang Chou, Jie-Haun Lee, and Gand Shyy

A Microstructure Investigation of Barings Crisis: Information Trading and Market Mechanisms

 

Commentary  

 

Winnie P.H. Poon and Michael Firth

The Signaling Effect of the Trade Suspension of the Treasury Bond Futures Market in China

 

Commentary  

 

Edward H. Chow and Pu Liu

The Creation of Treasury Bond Margin contract in a Market Absent of Futures -- on the Financial Engineering of Taiwan's OTC Bond Trading

 

Commentary  

 

Steven A. Dennis, Ah Boon Sim, and David C. Thurston

Share Price Volatility with the Introduction of Individual Share Futures on the Sydney Futures Exchange

 

Commentary  

 

Gordon Y.N. Tang

Are Stock Index Futures More Volatile Than Cash Index? An Interday and Intrady Analysis from an Emerging Market

 

Commentary  

 

A.D. Hall, P.Kofman, and A. Siouclis

Limits to Linear Price Behaviour: Target Zones for Agricultural Futures

 

Commentary  

 

 

 

1956

-----

Table of Contents

 

 

Opening Session

 

 

Clarence W. Elmer

Speculation and Speculators

 

 

Symposium Tour

 

 

Richard Williams

How A Soybean Processor Makes Use Of Futures Markets

 

 

Frank A. Theis

Commodity Markets And Grain Warehousemen

 

 

Franklin J. Lunding

A Revolution In Food Distribution

 

 

Uhlmann Awards

 

 

W.C.Schilthuis

The Outlook And Current Procedures For Handling USA Grain Exports

 

 

Earl M. Hughes

The Commodity Credit Corporation--Symbol Of Big Government

 

 

John E. Brennan

Closing Session

 

 

Allen B. Richards

Factors Affecting The Quantity Of Corn Placed Under Loan

 

 

William A. Goodale

An Evaluation Of Chart Systems

 

 

Symposium Participants

 

 

 

1955

-----

Schuyler F. Otteson, Chairman

Forward

 

 

Schuyler F. Otteson, Chairman

Opening Session

 

 

Paul E. Berry

The Speculator And The Commodity Futures Market

 

 

Dwayne Andreas

Commodity Markets And The Processor

 

 

John H. Mac Millan, Jr.

Grain Futures Trading Steps Necessary For Its Successful Continuation

 

 

Robert E. Wilson

Petroleum and Agruculture

 

 

Richard F. Uhlmann, President

Uhlmann Awards

 

 

Robert C. Liebenow

Symposium Tour

 

 

Stanley N. Jones

Canadian Grain Marketing Practices and Procedures

 

 

L. L. Waters

Possible Effects of the St. Lawrence Seaway on U.S Grain Marketing Channels

 

 

Paul W. Joslyn

Closing Session

 

 

John A. Schnittker

Wheat Adjustment

 

 

Hachiro Mayewaki

Analysis of European Markets for Our Surplus Wheat

 

 

Symposium Participants

 

 

 

1954

-----

Forward

 

 

Dale E. Butz

Opening Session

 

 

Robert L. Raclin

The Role of the Speculator in the Grain Futures Market

 

 

M. D. Guild

The Use Made of Commodity Markets by Terminal Elevators

 

 

Atherton Bean

The Miller and the Commodity Market

 

 

Fred G. Gurley

Railroads and Grain Markets in a Free Economy

 

 

Richard Fred Uhlmann

Presentation of Uhlmann Awards

 

 

Marvin L. McLain

The Effects of Government Farm Price Support Programs on Commodity Marketing

 

 

Holbrook Working

Price Effects of Scalping and Day Trading

 

 

Julius Mayer

Closing Symposium Session

 

Robert C. Liebenow

Acknowledgments

 

Tour Highlights

 

 

Allen B. Richards

The Factors Affecting the Demand for High Protein Hard Red Spring Wheat

 

 

Jack Kopeyka

Factors to be Considered in Locating Planning and Operating a Country Grain Elevator in the Continental United States

 

 

Symposium Participants

 

 

 

1953

-----

Sylvester J. Meyers

The President Welcomes Symposium Guests in the Directors Room

 

 

Symposium Participants View Opening Of A Trading Session From The Fifth Floor Visitor's Gallery

 

 

Fred W. Lake

The Miller's Use of the Commodity Exchange

 

 

J. M. Mehl

The Development And Operation of the Commodity Exchange Act

 

 

L. J. Norton

The Farmer and The Commodity Markets

 

 

A. L. Larson

Questions & Answers Discussion

 

 

James A. McCain

The Economy: Retrospect and Prospect

 

 

G. A. Kublin

Terminal Elevator Operations

 

 

S. E. Cramer

Trading in Fats And Oils

 

 

K. S. Hart

Local Grain Organizations As Related To Commodity Exchanges

 

 

Dale E. Butz

Questions & Answers Discussion

 

 

Vice President John R. Murray, Chairman

Closing Session

 

 

Robert C. Liebenow

Explains Objectives of Uhlmann Awards Essay Contest

 

 

Richard F. Uhlmann

Announcement of Contest Winners

 

 

Clarence E. Prentice

The Grain Sanitation Program - A Manuscript Entered in the Uhlmann Award Contest, Group B, of the CBOT, 1953

 

 

Don Bostwick

A Comparison of Grain Storage Policy in Eight Historical Societies

 

 

Guests of the Symposium

 

 

 

1952

-----

Table of Contents

Welcome Message (President, Carl E. Bostrom)

 

 

Symposium Tour Highlights as Seen by a Visitor and Edited by the Educational Advisory Committee

 

 

Ellis D. English

The Use of the Commodity Exchange by Millers

 

 

Wilbert E. Huge

The Use of the Commodity Exchange by the Fats and Oils Industry

 

 

Lawrence J. Ryan

The Role of the Speculator

 

 

Questions & Answers Discussion (Chairman: Adlowe L. Larson)

 

 

J.O.McClintock

Commenting on Uhlmann Awards Essay Contest

 

 

Richard F. Uhlmann, to Albert I. Gleason

Presentation of First Prize Awards to 1952 Winners

 

 

Frederick L. Hovde

Industry and Education Working Together for a Better America

 

 

Charles Dana Bennett

The Commodity Exchange and the Farmer

 

 

C.R.Martin

The Commodity Exchange and the Consumer

 

 

Virgil A. Wiese

Use of Commodity Exchanges by Local Grain Marketing Organizations

 

 

Questions & Answers Discussion (Chairman: Dale E. Butz)

 

 

Closing Message of the Fifth Symposium (President: Carl E. Bostrom)

 

 

Guests of the Symposium

 

 

Albert I. Gleason

Development and Operations of Interior Grain erchandisers in East Central Illinois - Uhlmann Awards Student Contest of 1952, First Prize Manuscript - Undergraduate Division

 

 

Truman F. Graf

A Critical Analysis of Hedging on the Chicago Board of Trade During the Years 1949-1951 - Uhlmann Awards Student Contest of 1952 First Prize Manuscript - Graduate Division

 

 

 

1950

------

 

Table of Contents

 

 

Symposium Tour Highlights As Seen By A Visitor

 

 

Everette B. Harris

The Organization Of The Grain Exchange

 

 

Richard F. Uhlmann

The Services Rendered By A Grain Exchange

 

 

James S. Schonberg

Futures Trading And The EconomicFactors Influencing Prices

 

 

Edward J. Kazmarek

Cash Grain Marketing

 

 

Allan Q. Moore

Hedging by a Wheat Flour Miller

 

 

Orrin S. Dowse

Terminal Elevator Operations

 

 

Panel Discussion: The Element of a Futures Contract (Moderator: Jo. O. McClintock)

 

 

Questions & Answers Discussion (Questions & Answers Discussion)

 

 

Panel Discussion: Effects of The Agricultural Adjustment Act on the Commercial Grain Trade (Moderator: S. J. Meyers)

 

 

Questions & Answers Discussion (Chairman: Wendell R. Smith)

 

 

The President, Carl E. Bostrom

Closing Message of the Third Symposium

 

 

Guests of the Symposium