Hedging efficiency: a futures exchange management approach
Article Abstract:
A concept of overall risk reduction and a measure of hedging efficiency focusing on the hedging service of the futures contract may be effective for futures exchange management. The measure takes account of a futures cash price risk, trading risk such as basis risk, market depth risk and commission costs, as they are all vital to the success of hedging service of the futures exchange. It also compares the competitive strength of alternative futures contracts.
Publication Name: Journal of Futures Markets
Subject: Business, general
ISSN: 0270-7314
Year: 1997
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Reevaluating hedging performance
Article Abstract:
Econometric models, which are used to examine feasibility of hedging strategies, are presented.
Publication Name: Journal of Futures Markets
Subject: Business, general
ISSN: 0270-7314
Year: 2006
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