Why Haven't Pulp Futures Contracts Succeeded? A Case Study

Why have some seemingly promising futures contracts not succeeded in the recent past? This paper examines one such example, the pulp market, first summarising the individual attempts at launching pulp futures contracts, and then noting how the pulp markets match up (or not) against the various criteria for the successful launch of a futures contract. A revisited version of this paper was published in the Volume 4, Issue 4, 2015 issue of the Journal of Governance and Regulation.