Who Trades Futures and How: Evidence from the Heating Oil Futures Market

By Louis H. Ederington, Jae Ha Lee. 2002

134 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, General Energy

View Paper: https://www.semanticscholar.org/paper/51225659b46171cbfdf12e47e5b9512044e48f8c

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Thorsten Glück
2. Zeno Adams
3. Scott H. Irwin
4. D. R. Sanders
5. Changyu Wang
6. L. Gutierrez

In Economics and Econometrics

1. D. R. Sanders
2. Scott H. Irwin
3. Thorsten Glück
4. Zeno Adams
5. Changyu Wang
6. Ing-Haw Cheng
7. L. Gutierrez
8. Kenneth J. Singleton

In General Energy

1. Thorsten Glück
2. Zeno Adams
3. Scott H. Irwin
4. D. R. Sanders
5. Changyu Wang

Citations in the corpus

• The Fundamentals of Commodity Futures Returns (2007, unknown): “See also Ederington and Lee (2001) for a discussion about the accuracy of the classifications.”
• The Impact of Index and Swap Funds on Commodity Futures Markets: Preliminary Results (2010, background): “A frequent complaint about the traditional COT data is that the trader designations may be somewhat inaccurate (e.g. Peck, 1982; Ederington and Lee, 2002).”
• The Adequacy of Speculation in Agricultural Futures Markets: Too Much of a Good Thing? (2010, unknown): “A frequent complaint about the traditional COT data is that the trader designations may be somewhat inaccurate (e.g., Peck 1982; Ederington and Lee 2002).”
• Financialization in commodity markets: A passing trend or the new normal? (2015, methodology): “14 of commodities is somewhat more involved (Erb and Harvey, 2006). For our study, we use S&P Goldman Sachs Commodity Index (GSCI) excess return indices for corn and wheat (agricultural), crude oil and heating oil (energy), copper and aluminum (base metals), gold (precious metals) and cattle (livest”
• The behavior and performance of major types of futures traders (2002, background): “Ederington and Lee (2002) study a finer dataset in the heating oil futures market and find that while “noncommercials” represent speculators, the “commercials” group likely includes some traders with no known positions in the cash/forward markets.”
• Financialization and Structural Change in Commodity Futures Markets (2012, background): “The imprecise definitions surrounding commercial and noncommercial classifications are well known and make these particular classifications problematic when analyzing changing market participation (Ederington and Lee, 2002; Sanders, Boris, and Manfredo, 2004; Sanders, Irwin, and Merrin, 2010).”