Futures contracts in strategies of hedging against unprofitable prices' changes on Warsaw Board of Trade

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Andrzej Kluza
Stanisław Jabłonowski

Abstract

In the paper, chosen investing strategies contracted on boards of trade are described. The aim of these strategies is to hedge an investor against prices’ changes undesirable to him. The strategies are illustrated by data from Warsaw Board of Trade Co from 1999 and 2000. Among numerous possible hedgings against undesirable prices' changes of commodities, currencies' courses and rates, investings with futures contracts are marked out. Futures contracts have been developed on Warsaw Board of Trade since the beginning of 1999. The options' market was weak and declined since the end of 1998. Probably, it will not develop more. Futures transactions on currencies' courses and rates are of the biggest significance because of commodity futures have been contracted very rarely. The described chosen strategies take into consideration purchase and sale various futures contracts and combinations of purchase and sale contracts with basic instrument's purchase or sale. The strategies have been analysed on data from Warsaw Board of Trade.

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How to Cite
Kluza, A., & Jabłonowski, S. (2000). Futures contracts in strategies of hedging against unprofitable prices’ changes on Warsaw Board of Trade. Zeszyty Naukowe SGGW - Ekonomika I Organizacja Gospodarki Żywnościowej, (42), 55–65. https://doi.org/10.22630/EIOGZ.2000.42.73
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