Category Archives: Futures Contract
Bitcoin Trust Plunges As Arbitrage Spreads Collapse
Just a week after CME started Bitcoin futures trading (and 2 weeks after CBOE), a number of massive arbitrage premiums have finally started to collapse as shorts dip their toes in a risk-limited way… The first 'arbitrage' is the Bitcoin Futures-Spot spread which was well over $2000 in the first few days of Bitcoin Futures […]
Someone Just Made $60 Million Betting That The Crowd Is Wrong
Over the weekend we warned that just as everyone was convinced that the yield curve can only flatten from here, and was positioned massively on the long side of the 30Y future, the opposite was about to happen, and in a tweet highlighting the record net spec long positioning in 30Y futures, we said “here […]
Eric Peters: Today’s Opportunities Include Negative Convexity, Complexity, Illiquidity, Leverage, Or All The Above
From the latest Weekend Notes by Eric Peters, CIO of One River Asset Management Anecdote “What are the odds we come across an opportunity in the coming 4yrs to earn 20%?” the investor asked his team. “High,” they answered. “The odds are 100%,” he said, having seen this movie a few times. “So our cost […]
The TRUTH about the new Bitcoin Futures CME contract
Elite E Services 12/10/2017 – As a Forex CTA for 12 years, we were happy to learn the CME will offer a Bitcoin futures contract, and called the CME to learn more. Unlike most of these Bitcoin outfits, the CME has an office, a phone, which is answered, and we were routed to the correct person. […]
Bitcoin’s Growing Price Gap Between Exchanges Creates Potential Headaches For Futures Trading
On Thursday, as the Bitcoin price made record high after record high, spiking to somewhere between $16,000-19,500, it was one of the top stories across mainstream media outlets, never mind Reuters, Bloomberg and the FT. However, what exactly was the all-time high for Bitcoin? Because of Bitcoin's growing "price gap", it depended where you looked. […]
Banks Issue Last Minute Warning About Risks Of Bitcoin Futures, Ask Regulator For Review
As we countdown to the launch of bitcoin futures trading on the CBOE (10 December) and CME (18 December), the big banks – via the Futures Industry Association – have suddenly got cold feet about the risks. We don't blame them, somebody's going to get hurt, the only question is who. The banks are worried […]