Why Haven’t Uranium Futures Contracts Succeeded?
By Hilary Till, Solich Scholar, J.P. Morgan Center for Commodities, University of Colorado Denver Business School
The GCARD’s Spring 2016 “Contributing Editor’s Collection” of articles included an article on “Brief Case Studies on Futures Contract Successes and Failures.” That article noted that even though the U.S. futures markets have evolved in a trial-and-error fashion, one can nonetheless identify the key elements that determined whether particular futures contracts succeeded or failed. In this issue, we extend this past analysis by examining why a particular metals futures contract has not succeeded thus far: the uranium futures contract. Such an analysis, as in this article, may be valuable for new financial centers as they build successful futures markets.Read Article