Wednesday, August 21, 2019

Pure vol exposure

VIX futures won't do - but perpetual swaps will get the job done.
Now, I would like to bring attention to a different product in a different market - perpetual swaps on BTC, that afaik were first introduced at Bitmex, and now trade on Deribit and Cryptofacilities. Perpetual swap is actually a spot-like instrument, that pays "dividend" if swap midprice is below index, and requires "dividend payment" is swap midprice is above index. These payments insure that swap midprice does not stray far off the index.

Monday, June 17, 2019

Keep your websites skinny

It's like we woke up one morning in 2008 to find that our Lego had all turned to Duplo. Sites that used to show useful data now look like cartoons. Interface elements are big and chunky. Any hint of complexity has been pushed deep into some sub-hamburger. Sites target novice users on touchscreens at everyone else's expense.
Give me a command line please.