Every post tagged Systemic Risk.
Page 1 | 3 posts
The AI market, often mistaken for a thriving ecosystem, reveals itself as a closed loop of subsidized costs and rotating capital that may soon face the reality of rising prices and constrained innovation.
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.
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.
