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vaoy
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Why are financial markets modeled by càdlàg processes?

When opening a book or reading an article on mathematical finance, financial markets (e.g. stock prices) are always modeled by càdlàg semimartingales. I was wondering why it is that these processes are assumed to be càdlàg in the first place since there also exists a theory of stochastic integration for optional semimartingales that are not at all assumed to be càdlàg?

vaoy
  • 309
  • 1
  • 7