That would be cool--we thought about something like that for BLPs, didn't do it because it seemed a bit too complicated and we were worried that a complicated system is exactly what you don't want when shit's going crazy.
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My bad :)
Yeah mostly I worry that when things are breaking down no one's bots will really be bidding very well for liquidations, but still might be worth it
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A weird fact is that in practice even BLP has been a tough sell--lots of people say they want it, but few will bother with the work necessary for it.
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what work is necessary for it? i’ve been exploring it seriously and don’t mind work / leveraging hired help.
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Not a ton! But the notion of forced fills doesn't fit into most peoples' risk frameworks
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risk is a wonderful word. is there a resource i can explore the work entailed? i’ve read everything about the program itself but no clue pragmatically how to utilize it.
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Well there's basically nothing you need to do on our side--it's just about deciding if/how you want to hedge/etc. the fills
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oh got it. you were referring to the off exchange hedging and such by “work necessary”?
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