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Since diffusion models are of limited use in modeling tick-by-tick data for asset prices, the author proposes an alternative model, where asset prices follow a marked point process with stochastic jump-intensity, which depends on some unobservable state-variable process. This models the fact that real markets exhibit random fluctuations of market activity, which are related to fluctuations in the amount of incoming news. In his approach, the author makes use of the criterion of risk minimization proposed by \\textit{H. F\u00f6llmer} and \\textit{D. Sondermann} [Contributions to mathematical economics, Hon. G. Debreu, 206-223 (1986; Zbl 0663.90006)]. Due to the incomplete information, the solution of the problem of computing the hedge strategy consists in two steps: First, a risk-minimizing strategy is computed for a fictitious agent, who is informed about the jump-intensity (full-information case). In the second step, a projection result by \\textit{M. Schweizer} [Math. 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