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Online Hayashi-Yoshida estimator

Hi Brian - To the best of my knowledge, I don't know any literature that
describes an on-line estimation method for the HY covariance estimator. I
am raising this question on this forum to brainstorm and get some ideas.

Intuitively since the estimator is only caring about overlapping returns
between the two asynchronous tick streams, doing this online might not seem
to be a daunting task. I attempted a couple of times by trying to keep
tracking of last overlapping period and discard all the ticks that are
completely "overlapped or enveloped" in the past. But for some reason, it
didn't go so well. So I would like to pick some ideas if anybody has any.

Thank you.

Robert

On Tue, Mar 17, 2015 at 4:29 AM, Brian G. Peterson <brian at braverock.com>
wrote: