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Except variance futures aren’t trading at the moment - Sep is the start date for the new version and it’s likely gonna be DoA (like everything that CBOE does)

Amazingly, both directions have been a widowmaker at times.

This is crypto only :) and cash crypto by the looks of it. There is literally nothing special about these algos - it's a smart router across multiple exchanges with rudimentary algorithmic functionality. Pretty much every broker out there offers the same algos for equities.

In fact, that came up yesterday during their variance futures webinar. Var/VIX will be cross-margined and (probably) quoted as EFRP.

You literally said « So those firms can try to set a market direction in order to trigger those stops to get liquidity.» The implication is that market makers move the market due to retail traders positions or outstanding orders. Which is definitely not true most of the time for the former and...

Well, stupid it is :)

Visa is not lending money to anyone. It’s just a money transmitter, the banks are lending money. That’s why every Visa credit card is issued by some financial institution

At the risk of being unpopular, can we please ban @The_hero ? His posts have near-zero signal to noise from trading perspective and he pollutes trading sub-forums with this shit

Not really « inconsequential » which is why Citadels and Getcos of the world want that flow. It’s pure noise traders placing orders, which is great for HFT MMs. Retail traders are not moving the market, LOL. The reason why they get stopped out is because they are, on average, idiots.

But even so, it was a quarterly disclosure, they could have put it on in April. Also, who knows what they have on the back of it, maybe they are long warrants for example.

Not only its a 12-lot but also the position is disclosed in a quarterly finding so it's been in their book forever.

I do that on my OnlyFans page. Got 8 subscribers already!

In the real world (you know, where humans live) property transactions include things like title transfers which can be aided by the block chain to ensure provenance. In the real world you also have property rights that are enforced by the law (while everyone reads about one or two cases of...

If I had to find an asset class that is the least likely to suffer should bitcoin become a major store of value, it would be at the back of the queue. Real estate has real world yield, is naturally inflation-indexed and has been an investment product (arguably) longer than gold. Like @Sergio123...

It seems that labor market is tight for jobs that aren't very desrable, e.g. service jobs. Abundance of home care jobs does not say much about how hard it is to find a position as a computer programmer or loan officer. Both anecdotally and per Fred it seems that job market for the middle class...

Implied correlations are usually much lower during the earning season, so you are not collecting as much. The dirty truth is that dispersion trades are, in big part, just a closeted way to sell index vol.

No, I think they are competing for dark venues (if they are really trying to compete with sell-side). For example, most primes have internalization services, because their clients might be going the opposite direction. Also, they offer to trade on-swap directly, so quant firms like that better...

It’s also a proxy rate bet, which is quite timely. i remember someone saying that commercial RE will turn when jobs are gonna be harder to find - so employers will have more power to force RTO.

It literally is the vega times the expected change of fixed stirke IV per percent move in underlying. That makes it model dependent (obviously) and there are a bunch of different models, some explicitly describing spot-vol correlation like SABR. This said, there are kinda 3 key "modes" - sticky...

How curve-fit do you think your strategies are? Are all your signals purely price-based?