Session Chair: Tae Hyuk Kim (Pusan National Univ.)

1. Comparing Profitability of Day Trading Using ORB Strategies on Index Futures Markets in Taiwan, Hong-Kong and USA

Yi-Cheng Tsai (National Taiwan Univ.)
Mu-En Wu (Soochow Univ.)
Chin-Laung Lei (National Taiwan Univ.)
Chung-Shu Wu
(Chung-Hua Institution for Economic Research)
Jan-Min Ho
(The Institute of Information Science
and Research Center)

2. Non-Transferable None-Hedgeable Executive Stock Options Pricing
David B. ColWell
(The Univ. of New South Wales)
David Feldman
(The Univ. of New South Wales)
Wei Hu (Curtin Univ. of Technology)

3. Optimizing Risk Weighted Assets for OTC Derivatives through Central Clearing and Portfolio Compression

Vignesh Ramanathan
(Indian Institute of Management, Bangalore)
P. C. Narayan
(Indian Institute of Management, Bangalore)

4. Tracking Error and Long-term Error Performance of Leveraged Exchange-traded Fund: The Norm or Myth?

Karen H. Y. Wong
(Univ. of Hong Kong)
Tao Chen (Univ. of Hong Kong)
Masayuki Susai (Nagasaki Univ.)