I've always been fascinated with the ways exchanges market themselves given their complexity. A big part of the job boils down to teaching consumers what exactly an exchange does. Below video is an example of CME's attempt to explain how they work:pic.twitter.com/UWjXUzTiKs
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Yeah, b/c ags are obvi the $ maker... Then again, starting with "So imagine a bank wants to replicate swap spreads..." doesn't have the same ring to it does it?pic.twitter.com/zc8KDbzr9z
Thanks. Twitter will use this to make your timeline better. UndoUndo
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..." analogy will never die 