Equities would underperform while bond spreads would widen as markets price in higher volatilityrisk.
股市将会表现不佳，同时随着市场反映更大的波动性风险，债券息差将会扩大。
2
As an ideal demand side tariff mechanism, the price volatilityrisk of RTP can be rationally Shared among market participants by integrating various RTP-related hedge contracts.
The existing hedging researches emphasize particularly on price volatilityrisk, and ignore another significant risk factor we call settlement risk produced by mark to market system.