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Days of Futures Past Episode 1 | Scott Irwin, Professor, University of Illinois and Author of “Back to the Futures”
SmarterMarkets™
The Role of Speculators in the Markets
If you want the market to adjust overnight or in the next month, it's going to take a big price change. And speculators can help bring that information to the market and get it moving in the right direction. The thing I really enjoy about the onion future story is that idea of once you close down the market, it didn't take volatility down. It took the volatility of prices up because you didn't have those people that are willing to step in"
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