optimal hedge ratio given the outcome of past hedging decisions and future expectations. The model implies that the optimal … 2015 and find strong evidence for the model's predictions. By adding a dynamic regret approach to the hedging and FX … literature we shed further light on the rationale behind selective hedging. …

(particularly derivative) markets to prevent “destabilizing speculation”. Given that such regulation may involve opportunity costs … used to determine the maximum number of limit days before minimum variance hedging outcomes are adversely affected. An … limit days increases from current levels of around 1% to approximately 3% to 4% however, conventional hedging approaches …

hedging. Using minute-by-minute data, we examine its price discovery and hedging effectiveness. We find that BitMEX …