Economic Derivative
外汇网2021-06-19 13:47:51
79
A relatively new form of derivative contract (the first ones were traded in 2002) that is based on the future value of some national economic indicator, such as non-farm payrolls, the purchasing manager's index, retail sales levels and the gross domestic product. Most of these economic derivatives are in the form of binary or "digital" options, whereby the only payout options are full payout (in the money) or nothing at all (out of the money). Other types of contracts currently traded include capped vanilla options and forwards.Economic derivatives have become attractive for their ability to mitigate some of the market and basis risks found in standard investment vehicles.
For example, a binary option trading on the 国内生产总值 would pay its face value if, when the official 国内生产总值 release is made (the exercise date), the 国内生产总值 value falls within a specific range (strike range). If the 国内生产总值 figure is outside of this range, the option expires worthless. By looking at the implied probabilities of different outcomes, economists and investors can compare economic derivatives to 华尔街 estimates and look for discrepancies between the two estimations. As might be expected, the market-driven process seen in derivatives pricing has shown itself to be the more consistently accurate pdictor of future indicator release values.
标签:
- 上一篇: Deep In The Money
- 下一篇: Deferred Payment Option
随机快审展示
推荐文章
- 黑马在线:均线实战利器 8728 阅读
- 短线交易技术:外汇短线博弈精讲 4065 阅读
- MACD震荡指标入门与技巧 4193 阅读
- 黄金操盘高手实战交易技巧 4541 阅读
- 做精一张图 3299 阅读
热门文章
- 港币符号与美元符号的区别是什么啊? 25001 阅读
- 我国各大银行汇率为什么不一样啊? 15129 阅读
- 越南盾对人民币怎么算的?越南盾对人民币汇率换算方法是什么 10282 阅读
- 百利好环球欺诈,不给出金,无法联系。 9807 阅读
- 黑马在线:均线实战利器 8728 阅读