In probability theory, a real-valued stochastic process X is called a semimartingale if it can be decomposed as the sum of a local martingale and an adapted finite-variation process whose paths are right-continuous with left limits (càdlàg). Semimartingales are "good integrators", forming the largest class of processes with respect to which the Itô integral and the Stratonovich integral can be defined.
In probability theory, a real-valued stochastic process X is called a semimartingale if it can be decomposed as the sum of a local martingale and an adapted finite-variation process whose paths are right-continuous with left limits (càdlàg). Semimartingales are "good integrators", forming the largest class of processes with respect to which the Itô integral and the Stratonovich integral can be defined.
Source: Wikipedia "Semimartingale" · CC BY-SA 4.0
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