Derivatives trading allows risk to be transferred and the right price to be discovered through arbitrage mechanisms. Therefore, it brings many benefits to the growth of the market and the economy. Specifically, the introduction of derivatives market and product innovation in derivatives market become a standard instrument of risk management. By transferring risk from risk-averse investors to risk-loving investors, market participants enable an increase in their trading volume and would thus contribute to the development of the financial system and the macroeconomy. In addition, derivatives transactions can supplement the capital market. If in a market there is information asymmetry or market frictions, then arbitrage strategies using derivatives provide ample opportunities to make profits and therefore discover the fair price of the product. Therefore, this helps capture information that is not readily available and therefore converge to complete the financial market. On the other hand, derivatives trading can have negative consequences. Many financial researchers study the following topic: (1) Futures contracts and/...