Every essay and update published on Valeon on 18 August 2025.
Page 1 | 3 posts
A market maker plays the game it appears to referee. A reference guide to what the spread pays for, how inventory skews quotes, why liquidity vanishes when it is wanted, OTC desks and hedging, and a case study of the 6 May 2010 flash crash.
Aging is not just skin deep—it is written into our very DNA. As telomeres shorten and proteins lose their shape, the body’s essential functions slowly unravel. Death is not an intruder but a quiet countdown coded within us. Yet in this inevitability lies not despair, but meaning—the chance to live fully in the time we have.
Futures, perpetual swaps and exchange-traded funds all lean on the price they follow. A reference guide to the machinery: the futures curve and basis, funding, mark price and the liquidation engine, creation and redemption, and a case study of 12 and 13 March 2020.
