Size is edge?

[pinabetal]

Looks like Michael busted the bubble. Any fixture in the industry may very well vehemently disagree with the article and bet your bottom dollars hedge funds quants will. Thanks Michael for standing up for the retail traders and explaining!

Michael tells the truth.

 

[Sig]

It's been a free for all for a long time but now competition is too fierce for my taste.

It's actually quite ridiculous how many financial products are out there. I feel like the average retailer only sees about 5% of it. If you really want to go crazy, look over to the German warrants, bearer bonds and participation certificates. HVB One Market alone is the counterparty in over 200.000 instruments...

What doesn't appear on the platforms of IB or ToS basically doesn't exist for ETers or the general Robin Hood muppet. And if you can get creative with your synthetic hedge there is a lot of stuff you can make markets in or use as a hedge because the dealer mispriced it.

by the way...the biggest currency control related trade right now is in the CNY and crypto is the key to it

Yeah, I am involved in that one vicariously through a dual citizen buddy of mine who is actually doing some real arbitrage to get money out of the country via crypto, interesting stuff. There's a significant counterparty risk there that's difficult to quantify for me though.

 

[newwurldmn]

Yeah, I am involved in that one vicariously through a dual citizen buddy of mine who is actually doing some real arbitrage to get money out of the country via crypto, interesting stuff. There's a significant counterparty risk there that's difficult to quantify for me though.

What’s the trade? You use CNY to buy crypto. You sell crypto to buy USD. You sell USD to buy CNY?

 

[Sig]

What’s the trade? You use CNY to buy crypto. You sell crypto to buy USD. You sell USD to buy CNY?

No, it more like swaps when you have inputs to your process you have to pay in one currency and proceeds from sales in another currency combined with currency controls which you can use to take advantage of the price distortions caused by the currency controls. It requires some real sales on both sides of the divide, so not just a series of brokerage/crypto accounts...he has to work for it.