Working Paper
Regulatory competition and the efficiency of alternative derivative product margining systems
Kupiec, Paul H.; White, Patricia A. (1996)
Although margin requirements would arise naturally in the context of unregulated trading of clearinghouse-guaranteed derivative contracts, the margin requirements on U.S. exchange-traded derivative products are subject to government regulatory oversight. At present, two alternative methodologies are used for margining exchange-traded derivative contracts. Customer positions in securities and securities options are margined using a strategy-based approach. Futures, futures-options, and securities-option clearinghouse margins are set using a portfolio margining system. This study evaluates the ...
Finance and Economics Discussion Series , Paper 96-11

Working Paper
A primer on program trading and stock price volatility: a survey of the issues and the evidence
Kupiec, Paul H.; White, Patricia A.; Duffee, Gregory R. (1990)
Finance and Economics Discussion Series , Paper 109

Working Paper
The Globex trading system
White, Patricia A. (1991)
Finance and Economics Discussion Series , Paper 157

Working Paper
A securities transactions tax: beyond the rhetoric, what can we really say?
Kupiec, Paul H.; White, Patricia A.; Duffee, Gregory R. (1990)
Finance and Economics Discussion Series , Paper 133