@Nostroah That feels about right @Nostroah and most usage of futures is by traders not commercial hedgers, but it varies widely between asset classes. There are lot of trades that are hedging ones speculation (eg buying a SPX put to hedge long equities) so it all gets quite muddy
@MickBransfield@business Because I wanted to convey to readers that hedging is SIG's language and the emphasis on deploying capital for commercial risk management is coming from them. Typically market makers don't really care if activity is hedging or speculation so I think it's interesting they did here
@bernardgoyder The leveraged ETFs is a compounding factor, and ofc they’re growing with $SPCX complex👇
(The mechanism: instead of simply buying all the stocks outright, these products use synthetic exposure through futures, swaps, options or other derivatives to achieve the desired return)
The CFTC has 17 pending exchange applications amid the prediction market boom.
Still, it's processing the filings faster than ever—and much quicker than the CFTC under Joe Biden.
@__Max__S__@InGameHQ That's where you're wrong, bookmaking isn't like equity or derivatives market making, there isnt an underlying market you can hedge in. Gotta eat that directional risk! I've covered for this for @Bloomberg https://t.co/LaoEHs1dOc
Our second meeting went a little smoother. Huge congrats to my new friend @AlvaradoJose15 and the @nyknicks on their historic comeback. Don't ever count NYC out. One more to go. Let's Go Knicks!
Highlight of my day -> got a picture with an author of my personal favorite book, @AlpacaHQ mandatory reading, always recommending for how the equities market works like PFOF. Thank you @pattersonscott for the pic 🤩
Today was my last day at Bloomberg
It’s been a dream come true to work here alongside so many smart, talented colleagues who inspired me to be better every day
This newsroom has shaped me in ways I’ll carry with me for the rest of my career & I’m proud of the work I got to do here
It was incredibly hard to say goodbye but I’m excited for what’s next!
I can’t describe my feelings right now… Football always gives back to those who keep believing.. To the fans who kept believing, you deserve this… Arsenal; the club that will stay in my heart forever, you deserve this… The players and everyone at the club who made it happen, you deserve this… Congratulations to the best club in the world ❤️ @Arsenal
@cap_zay Bloomberg reported he was in reverse dispersion last year from Aug but that wasnt necessarily the trade that did it, likely multiple long vol positions underperformed
@calvinnhobbes69@alvinfoo he said he caught a plane the last bit, I guess there was a ceasefire by then, so the border was closed to vehicles but the airports were open, I'm not exactly sure