Publication Type
Journal Article
Version
submittedVersion
Publication Date
1-2006
Abstract
The past three decades have seen the emergence in themarket of many different types of “derivativeinstruments”, ranging from futures, forwards, options,and swaps1 to some other hybrid instruments2 orsynthetic transactions3 . Along with insurance,derivative instruments help market participants notonly to hedge various types of risks but also to engagein market speculation. A derivative transaction couldserve the purpose of avoiding large losses (i.e. hedging)as well as earning a windfall (i.e. speculation). As such,one question arises: Is there any difference betweengambling and derivative trading?
Discipline
Entertainment, Arts, and Sports Law
Publication
Opticon1826
Volume
1
Issue
1
First Page
1
Last Page
7
ISSN
2049-8128
Publisher
Ubiquity Press
Citation
CHEN, Christopher C. H..
Dividing hedging and gambling: Legal implications of derivative instruments. (2006). Opticon1826. 1, (1), 1-7.
Available at: https://ink.library.smu.edu.sg/sol_research/2609
Creative Commons License
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