University of Isfahan Journal of Asset Management and Financing 2383-1189 7 4 2019 12 22 The Effect of Trade Volume, Time-to-Maturity and Open Interest on the Return of Gold Coid Future Trades The Effect of Trade Volume, Time-to-Maturity and Open Interest on the Return of Gold Coid Future Trades 49 62 23035 10.22108/amf.2018.91633.0 FA Fatemeh Mirzadeh Ph.D. Student, Department of Management, Faculty of Management and Social Sciences, Tehran North Branch, Islamic Azad University, Tehran, Iran Alireza Heidarzadeh Hanzaee Assistant Prof., Department of Management, Faculty of Management and Social Sciences Tehran North Branch, Islamic Azad University, Tehran, Iran Ali Saeedi Associate Prof., Department of Management, Faculty of Management and Social Sciences Tehran North Branch, Islamic Azad University, Tehran, Iran Journal Article 2016 05 19 <strong>Objectives:</strong>The main purpose of this research is to study the effect of trade volumes, Open positions and Time to maturity on future trading returns of Gold Coin in Iran Mercantile Exchange. In this research, contract volumes, open positions and time to maturity are the independent variables and the return of contracts is the dependent variable. <br /><strong>Method:</strong> Considering the subject, statistical population includes 15 samples of future contracts on Gold coin in Iran Mercantile Exchange. The research data has been gathered among the listed future contracts on with maturity data of 2013 and 2014. The linear Regression with fixed effects has been used to test the assumptions. <br /><strong>Results: </strong>The results have revealed that there is a leaner relationship between the effects of time-to-maturity and the returns of future contracts, and there is no significant linear relationship between the volume and number of Open positions and the return of future contracts. <strong>Objectives:</strong>The main purpose of this research is to study the effect of trade volumes, Open positions and Time to maturity on future trading returns of Gold Coin in Iran Mercantile Exchange. In this research, contract volumes, open positions and time to maturity are the independent variables and the return of contracts is the dependent variable. <br /><strong>Method:</strong> Considering the subject, statistical population includes 15 samples of future contracts on Gold coin in Iran Mercantile Exchange. The research data has been gathered among the listed future contracts on with maturity data of 2013 and 2014. The linear Regression with fixed effects has been used to test the assumptions. <br /><strong>Results: </strong>The results have revealed that there is a leaner relationship between the effects of time-to-maturity and the returns of future contracts, and there is no significant linear relationship between the volume and number of Open positions and the return of future contracts. https://amf.ui.ac.ir/article_23035_3609efe3c73933e8463e71ff581360d9.pdf