Todos os livros

Profissional

Apps Sobre Coach Entrar Começar a ler

Quantitative Finance · Glossário

O que é Hedger and speculator?

Também chamado de: hedger · speculator

Definition 18.7 Markets I: The Ecosystem and Exchange-Traded Markets · Capítulo 18 — Futures Contracts and Their Exchanges

A hedger holds futures to offset a risk it has elsewhere: a producer’s crop, a fund’s shares, a dealer’s bonds. A speculator holds them for the exposure itself. The US regulator’s weekly report on positions classifies large traders as commercial, those who use the contract for hedging as its regulation defines it, and non-commercial.

Rounding to whole contracts: the residual exposure of a beta-one portfolio, in percent of its value. Below $150 000 the large contract cannot hedge at all (residual 100%, off the scale). Data: .
Figure 18.4. Rounding to whole contracts: the residual exposure of a beta-one portfolio, in percent of its value. Below $150 000 the large contract cannot hedge at all (residual 100%, off the scale). Data: Method 18.8.
Ler no capítulo →