The overall results indicate that KODEX200 which is the biggest ETF in volume performs very important roles in finding the price of underlying asset and further researches can be expected.
Kang, S.-K., Byun, Y. and Park, J. (2014), "An Empirical Study on Volatility Spillover Effect among KOSPI200, Futures, ETFs Markets", Journal of Derivatives and Quantitative Studies: 선물연구, Vol. 22 No. 4, pp. 675-697. https://doi.org/10.1108/JDQS-04-2014-B0004
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