SSRNTrading, Microstructure & Execution
Margin Requirements, Market Liquidity, and Volatility in Futures Markets
Using exogenous variation in maintenance margins across futures, the research finds higher margins reduce trading volume by 2.67%, cut liquidity by 7.51%, and raise volatility by 2.59%.
Featured in No. 139 on 13 Nov 2026 · 2 days after release
- Released
- 11 Nov 2026
- First featured
- No. 139 · 13 Nov 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- SSRN 7691499
- Authors
- Gabriel Bracons
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).