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Bitcoin plunged by 30% on May 19, 2021. We examine the outage the largest crypto exchange Binance experienced during the crash, when it halted trading for retail clients and stopped providing transaction data. We find evidence that Binance back-filled these missing transactions with data that...
Persistent link: https://www.econbiz.de/10013446638
mandatory pool with a regulated market for electricity derivatives, that allows to hedge price volatility and to mitigate market …
Persistent link: https://www.econbiz.de/10010312369
derivatives markets. In a parsimonious model, we show that clearing benefits are distributed unevenly across market participants …
Persistent link: https://www.econbiz.de/10014543682
Today´s derivative pricing base on stochastic models developed in the 70´s. These models base on some unrealistic assumptions. The system Warrant Pro 1 presented here combines the software agent PISA (Partially Intelligent Software Agent) and the neurosimulator FAUN (Fast Approximation with...
Persistent link: https://www.econbiz.de/10010262926
as derivatives trading, post-trading services and software sales. This trend can be observed most notably among profit …
Persistent link: https://www.econbiz.de/10010263317
both size and industry composition. We find that German firms are more likely to use derivatives than US firms, with 78% of … German firms using derivatives compared to 57% of US firms. Aside from this higher overall usage, the general pattern of … derivative usage is most common, followed closely by interest rate derivatives, with commodity derivatives a distant third. Usage …
Persistent link: https://www.econbiz.de/10010298218
quotes on these derivatives to construct probability densities for inflation. We study how these pdfs respond to news …
Persistent link: https://www.econbiz.de/10010397781
between prices of derivatives and spot prices. A literature review of interventions in the FX market is done. Then, we study …
Persistent link: https://www.econbiz.de/10011372352
This paper is the first to analyze the joint determinants of premiums and spreads in structured financial products, while also focusing on issuers' hedging costs. We evaluate more than 396,000 single stock discount certificates on an intraday basis in the German secondary market. We find that...
Persistent link: https://www.econbiz.de/10011961047
We examine the impact of dynamic hedging demand of German option and discount certificate markets on the autocorrelation of German stock price changes. We theoretically model the demand of liquidity providers in the discount certificate market, a structured financial product with a concave...
Persistent link: https://www.econbiz.de/10011961048