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It would be something similar to the CFE, the chicago futures exchange that trades the VIX. Have one exchange with its own capitalization requirements, it's own clearing members, and it's own brokers.

What is he saying is that this product needs to decouple from the rest of the market so if a fire starts, it doesn't burn the whole world down. You keep the fire contained on one specific exchange away from everything else. If you mix BTC with everything else, the fire will spread, there will...

I'll be curious which brokers even allow access to this product. I have a suspicious that they might impose a 100k minimum account value to trade it. Or at least to short it. The long side is not the issue. Here is what will end up happening. The small ET guy will get pissed he can't trade...

Right. I saw his interview on CNBC today and he makes a good point. He wants to see these futures trade on their own independent exchange, that is all. He fully supports the trading of them, just not on the CME. His argument is that a massive margin call on the exchange could lead to a...

Yes and expected overnight margin at 20%.

Peter Duffy just said the margin is likely to be around 20% and he is expecting a mid December launch. Just in time for Christmas! :)

Well, that is what happened with John Arnold. Our hero. :)

Well, that is what happened with John Arnold. Our hero. :)

There is no way to short the digital coin itself. That's in a way part of the structure of the product. Being able to short anything is really about lending and debt and as of now, I don't think there is a way to lend your BTC to someone else. And you can't sell something you don't own if you...

You know what, that is probably what they were thinking. Even at the current size if this thing triples we are talking 100k margin to hold one contract? LOL.

http://www.cmegroup.com/trading/bitcoin-futures.html

Selling VX futures and forcing them down below their fair value will just bring buyers into the market for VX. It would be a gift for hedgers as they would be able to insure their holdings at cheap prices while their stocks were falling. If you ever see this happening, please let me know. :)

I thought it was 5 coins per contract?

So about 32k in margin per futures contract?

I have a different perspective. If you fear BTC then you should increase access, not decrease. Let the thing implode. The faster it implodes, the less risk to the system. One of the things that has kept BTC from entering an all out bubble is ease of access. It's still relatively hard for...

https://www.nytimes.com/2017/09/13/business/dealbook/market-volatility.html Interesting guy. Started his fund in 2012 with a million and now has 200 million. He must be doing something right. Also, I doubt this guy is "sitting" on long vol. He is actively trading it. And by the looks of...

So you saying the best long vol trade is to actually write a book about long vol. Very clever. And true of course. :)

Thinking of getting off the sim? Good for you bud. The entire ET community has your back! :)

Doesn't IB brag that pay you those high borrow rates when a stock is hard to borrow so they can lend your shares?

-2 The bill is in the mail.