CPO Futures Pricing Consistent, Stock Index Futures Unstable After Crisis
The study looked at how well the Malaysian futures market works for crude palm oil and stock index futures. They checked if the prices were right, if the market had good information, if people were trading fairly, and if the futures helped protect against risk. They found that the pricing of crude palm oil futures followed the rules, but stock index futures were less stable, especially during a financial crisis. Information affected the prices of crude palm oil, but only after the crisis for stock index futures. Crude palm oil futures didn't have much trading to make prices fair, but stock index futures did better after the crisis.