Asia-Pacific Financial Markets

, Volume 25, Issue 2, pp 71–86 | Cite as

Success Factors of Financial Derivatives Markets in Asia

  • Trin Sittisawad
  • Pariyada Sukcharoensin


The objective of this study is to investigate the success factors of financial derivatives markets in Asia. The selected countries include Thailand, Malaysia, Singapore, South Korea, Japan and Hong Kong. The success factors of financial derivatives markets in Asia are examined by employing the panel regression. The empirical results show that size, volatility, and liquidity of spot market are significant factors for the success of financial derivatives markets in sample countries. Further, tick size, contract size, and option-type also enhance trading volumes while product age is not statistically significant. The results from this study provide important implications in developing the financial derivatives market which plays an important role in the capital market.


Asia Derivatives market Financial derivatives Success model 

JEL Classification




Funding was provided by National Research Council of Thailand.


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Copyright information

© Springer Japan KK, part of Springer Nature 2018

Authors and Affiliations

  1. 1.AEC Securities Public Company LimitedBangkokThailand
  2. 2.Graduate School of Development EconomicsNational Institute of Development AdministrationBangkokThailand

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