由于备兑权证本质上是期权，因此本文考虑采用有交易成本的期权间断复制模型作为发行人的风险对冲策略。
Since the covered warrant is option essentially, this paper considers using option replication strategies to hedge the issuer's risk exposure.
他们还搞复合衍生产品，让客户赌金融市场的走向或者对冲复杂化的交易策略的风险。
They would also engage in complex derivatives that let clients bet on the direction of financial markets or let them hedge the risk of complicated trading strategies.
对冲市场策略将被采用以增加风险调整收益。
Hedged market access strategies will be used to increase risk adjusted returns.
发行人在发行备兑权证之后，通常需要以各种各样的对冲策略对风险进行规避。
After the covered warrants were issued, the issuer had to use various strategies to hedge the risk exposed.
我们的结果包含了以前的局部风险最小对冲策略。
Our results contains previous locally risk-minimizing hedging as special cases.
然后考虑到泊阿松跳过程带来的风险，又采用最小方差对冲策略将风险重新对冲，得到了期权定价方程。
Then, considering the risk bringed by Poisson jumps, the option pricing equation is gotten by minimal-variance hedging strategy.
然后考虑到泊阿松跳过程带来的风险，又采用最小方差对冲策略将风险重新对冲，得到了期权定价方程。
Then, considering the risk bringed by Poisson jumps, the option pricing equation is gotten by minimal-variance hedging strategy.
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