Parimutuel Applications in Finance: New Markets for New Risks by Ken Baron
English | 15 Jan. 2007 | ISBN: 1403939500 | 308 Pages | PDF | 1 MB
English | 15 Jan. 2007 | ISBN: 1403939500 | 308 Pages | PDF | 1 MB
Financial intermediaries supply derivatives to their customers when they can hedge the exposures from these transactions. A static hedge is typically employed by arranging an offsetting transaction with a different customer or a dynamic hedge by trading in the underlying derivatives.