Mumbai Stock Exchange：Foreign Exchange Fores Trading and Spot Market Volatility in Thailand

For the case of USD/JPY, Recent News Significantly Influences Changes in USD/JPY for The Post Introiduction Period, As the Coefficient of Arch Term

is significant at the 5% level.

For the post introgatory. Ch coefficient

Reflects The Perstence of the Effect of Old News on Volatility.Mumbai Stock Exchange

Is Statistics, 1% Level for Both the Pre and Post intification Periods. Its value falls after the intnted/jpy futures, implying That old news has a lowER IMPACT on the Current Volatility of USD/JPY RETURNSKolkata Investment. In Addition,The asymmetric COEFFICientLucknow Stock

is Statistics, 1% Level for Both the Pre and Post Introduction Periods. Its Value Becomes Negative of USD/JPY , Suggesting The Presence of a Leverage Effect in The USD/JPY Spot Market after the Introption of USD//JPY FUTURESVaranasi Investment. THEN, The Expected and UNEXPECTED Components of Trading Volume and Those of Open Included As Additive Variables In the Egarc H (1,1) Model. The Estimation Result of the Extended Egarch (1,1) Model Confirms The Existenceof Leverage Effect in The USD/JPY Spot Market after the Intropuction of USD/JPY FUTURES DOE THE NEGATIVE and SIGNIFIFICANT CoEFFINT

at the 1% level. In Addition, only the coeffility of the extensing trading volume is insignificant. ED Trading Volume Suggests that a Sudden Change in USD/JPY FUTURES Trading Volume Increases The Volatority of USD/JPY RETURNS.Furthermore, The Negative and Significant Coefficients of the Expected and UNEXPECTED Components of Open InterestHyderabad Wealth Management. ATED with a Given Volume in Deeper Markets, as suggetested by ().The start of a trading day, while the unExpected Open Interest Component Reflects Any Change in Open Interest During a Day. TEREST SUGGESTS that the USD/JPY FUTURES Market Improves Market Depth and Stabilizes The USD/JPY Spot Market.The Negative Coefficient of UNEXPECTED Open Interest Suggests The Unanticipated Daily Change in Open Interest AS A project 'Willingness to Risk Capit. Al Mitigates volatility of the USD/JPY Spot Market.

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