أثر التعامل بالمشتقات المالية على حجم التداول في سوق الأوراق المالية الماليزية

Abstract EN

This study focused on determining the effect of the volume of dealing in financial derivatives on the trading volume in the Malaysian stock market during the period between 1999-2017 based on monthly data, using the unit root test according to the Dickey Fuller Test and the Philip Perron test to find out the degree of integration of the time series of the study variables, and ARDL method in order to determination long-term relationship detection, and short-term response.

This study concluded that the time series of the variables were not on the same degree of integration, and that there is a co-integration relationship according to the bounds test, which means that there is a long-term relationship between the variables.

It also became clear that there is a positive and significant relationship to dealing with option contracts and future contracts on the total trading volume, while future contracts on interest rates had an inverse relationship.