The Indian government had been making efforts to foster an innovative business culture by incorporating design thinking and innovation in b-school curricula. Substantial investments had also helped aspiring entrepreneurs pursue their ambitions. One such beneficiary of these initiatives was...

This paper studies a dealer that pre-hedges anticipated potential trades and analyses how this impacts the client's overall execution outcomes. We show that pre-hedging can benefit both parties: improved risk management enables the dealer to charge reduced spreads that more than offset any...