Faculty and ResearchExpert Guide

Robert T. Daigler

Robert T. Daigler

College of Business
Florida International University

Modesto A. Maidique Campus
11200 S.W. 8th St, RB 208B
Miami, FL 33199

P: (305) 348-3325
E: daiglerr@fiu.edu



  • PhD, Business Administration
    University of Oklahoma, Norman, Oklahoma
  • Master of Arts, Finance
    University of Oklahoma, Norman, Oklahoma
  • Bachelor of Arts, Mathematics
    Assumption College, Miami, Florida

Areas of Expertise

  • Derivative Securities, Volatility and the VIX
  • Futures Trading Volume
  • Market Microstructure
  • Trading Issues
  • Investments and Trading Models
  • Behavioral Finance and Neurofinance

Professional Activities

Dr. Daiglers' publications include articles in The Journal of Finance, Journal of Banking and Finance, The Journal of Futures Markets, The Financial Review, The Journal of Financial Research, Review of Futures Markets, Derivatives Quarterly, and others. He also serves as an associate editor of The Journal of Futures Markets. He is the author of four books: Financial Futures Markets: Concepts, Evidence, and Applications; Managing Risk with Financial Futures: Pricing, Hedging, and Arbitrage; Financial Futures and Options Markets: Concepts and Strategies, and Advanced Options Trading.

Courses Taught

  • Behavioral Finance and Market Microstructure
  • Finance Dissertation Preparation
  • Finance Doctoral Independent Study
  • Finance Doctoral Research Project
  • Financial Economics II
  • Financial Risk Management-Financial Engineering
  • Financial Software
  • Financial Software Applications
  • Intl Capital Mkts
  • Ph.D. Dissertation
  • Securities Analysis
  • Seminar in Futures Markets
  • Special Topics in Finance

Refereed Journal Articles

Wang, Z. & Daigler, R. (2015). (in press) The Option SKEW Index, VIX of VIX, and Market Tail Risk.  Review of Future Markets. 22 (2).

Aidov, A. & Daigler, R. T. (2015). Depth Characteristics for the Electronic Futures Limit Order Book.  Journal of Futures Markets. 35 (6), 542-560.

Cho, J. & Daigler, R. T. (2014). A Filtering Process to Remove the Stochastic Component from Intraday Seasonal Volatility.  Journal of Futures Markets. 34 (5), 479-495.

Padungsaksawasdi, C. & Daigler, R. T. (2014). The Return-Implied Volatility Relation for Commodity ETFs.  Journal of Futures Markets. 34 (3), 261-281.

Daigler, R. T., Hibbert, A. & Pavlova, I. (2014). Examining the Return-Volatility Relation for Foreign Exchange: Evidence fromthe Euro VIX.  Journal of Futures Markets. 34 (1), 74-92.

Patterson, F. & Daigler, R. (2014). The Abnormal Psychology of Investment Performance.  Review of Financial Economics. 23 (2), 55-63.

Strobl, S., Oztekin, A. & Daigler, R. (2014). The Anatomy of a Crash: Liquidity Black Holes and ETF Options during the Flash Crash of 2010.  Review of Future Markets. 22 (1), 49-69.

Padungsaksawasdi, C. & Daigler, R. (2014). Testing the Behavioral Approach of the Return-Implied Volatility Relation: The 2008 Financial Crisis vs. Normal Markets.  Review of Future Markets. 21 (4), 479-509.

Mishra, S. & Daigler, R. (2014). Intraday Tradijng and Bid-Ask Spread Characteristics for SPX and SPY Options.  Journal of Derivatives. 21 (3), 70-84.

You, L. & Daigler, R. T. (2013). A Markowitz optimization of commodity futures portfolios.  Journal of Futures Markets. 33 (4), 343-368.

Cho, J. & Daigler, R. T. (2012). An unbiased autoregressive conditional seasonal variance filtering process.  Quantitative Finance. 12 (2), 231-247.

Dupoyet, B., Daigler, R. T. & Chen, Z. (2011). A simplified pricing model for volatility futures.  Journal of Futures Markets. 31 (4), 307-339.

Wang, Z. & Daigler, R. T. (2011). The performance of VIX option pricing models: Empirical evidence beyond simulation.  Journal of Futures Markets. 31 (3), 251-281.

Cho, J. & Daigler, R. T. (2011). Derivatives Pricing and Liquidity Dominance in Alternative Trading Venues.  Journal of Derivatives and Hedge Funds. 17, 198-218.

You, L. & Daigler, R. T. (2010). Using four-moment tail risk to examine financial and commodity instrument diversification.  Financial Review. 45 (4), 1101-1123.

You, L. & Daigler, R. T. (2010). The strength and source of asymmetric international diversification.  Journal of Economics and Finance. 34 (3), 349-364.

You, L. & Daigler, R. T. (2010). Is international diversification really beneficial?.  Journal of Banking &; Finance. 34 (1), 163-173.

Hibbert, A., Daigler, R. T. & Dupoyet, B. (2008). A Behavioral Explanation for the Negative Asymmetric Return-Volatility Relation.  Journal of Banking &; Finance. 32 (10), 2254-2266.

Richie, N. F., Daigler, R. T. & Gleason, K. C. (2008). The limits to stock index arbitrage: Examining S&P 500 futures and SPDRS.  Journal of Futures Markets. 28 (12), 1182-1205.

Chen, Z. & Daigler, R. T. (2008). An examination of the complementary volume?volatility information theories.  Journal of Futures Markets. 28 (10), 963-992.

Pavlova, I. & Daigler, R. T. (2008). The non-convergence of the VIX futures at expiration.  Review of Future Markets. 17 (2), 201-223.

Daigler, R. T. (2007). Spread volume for currency futures.  Journal of Economics and Finance. 31 (1), 12-19.

Chen, Z., Daigler, R. T. & Parhizgari, A. (2006). The Persistence and Asymmetry of Futures Markets.  Journal of Futures Markets. 26 (6), 571-594.

Nguyen, D. & Daigler, R. T. (2006). A Return-Volume-Volatility Analysis of Futures Contracts.  Review of Future Markets. 15 (3), 265-293.

Daigler, R. T. & Rossi, L. (2006). A Portfolio of Stocks and Volatility.  Journal of Investing. 15 (2), 99-106.

You, L. & Daigler, R. T. (2006). Markowitz-Sharpe Portfolios for International Stock Index Futures.  Review of Future Markets. 15 (1), 265-293.

Daigler, R. T. (2005). The Review of the Interrelated Nature of T-bond Futures Delivery Options.  Review of Future Markets. 14 (2), 67-91.

Daigler, R. T. (1999). The Impact Trader Type on the Futures Volume Volatility Relationship.  Journal of Finance. 54 (6), 2297-2316.

Back to top