Dow 9,778.86 -41.34
Nasdaq 2,138.04 +5.18
SP500 1,064.66 -3.64
30-yrBond 4.245% +0.014
Sideways day-after-option-expiry. Metal equities opened lower and move higher during the day to close with 1% losses.
The US Dollar continues to bump into 77.11 and continues to be repelled.
GLD 98.36 -0.31
SLV 16.54 -0.16
PTM 15.88 -0.32
XLE 54.71 -0.47
XLF 15.00 -0.14
ANO 0.8178 -0.0202
FXP 8.98 +0.24
RBY 4.0699 -0.1201
As expected, a means of standardized trading of non-standardized contracts has not been found. This issue is quietly being ignored, as long as the Fed and Treasury continue to bail out the contracts trough AIG. They are buying time, though the problem is not going away - the problem is being shifted onto the taxpayer.
CME abandons plan to trade OTC derivatives
Posted by Stacy-Marie Ishmael on Sep 18 20:03.
In a not entirely unexpected move, CME - the world’s biggest futures exchange by volume - and Citadel abandoned their joint effort to set up a trading platform for credit derivatives. ...
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