Conversation

Oct 29, 2020

Guess we were wrong about

not being up to something!

now letting you trade $AAPL, $AMZN, $GOOG, $FB, $NFLX, $TSLA, etc. as tokenized equities against Bitcoin and Stablecoins. $FTT almost at $4.20 up 7% on the news. Elon would be proud!

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CoinDesk

@CoinDesk

Oct 29, 2020

NEW: Crypto derivatives exchange FTX has launched a novel way to trade the world's most popular equities: fractional stock pairs against bitcoin. Via @sebsinclair1989 trib.al/POg5MDM

Autism Capital

@AutismCapital

Oct 29, 2020

Now Sam's Netflix post makes sense. It was a Psyop. Brilliantly played.

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I must say this was well played. I thought you finally went crazy with those random posts but pleasantly surprised

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;)

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Interesting, where can I read more about the mechanics behind it? Especially interested in how the underlying assets will be held and how that will be reconciled against off hours trading (Assuming FTX offers 24/7 trading on it)

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yup 24/7 trading

Disclaimers None of this is investment advice. Much of the below analysis ignores any difference between equity prices on different venues, and ignores the effects of fees. It also ignores slippa...

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If I buy shares off hours and the market opens with a huge gap up, who takes the slippage loss? Or is it futures?

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You get filled at whatever price you bought at -- if you buy off-hours and then things go up you win to that, and the loser is whoever sold

11:29 AM · Oct 29, 2020Twitter Web App

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Sure that makes sense after a certain period has passed and market has volume. What about the initial days, where do initial sellers come from? Will FTX issue shares themselves that users will be able to buy? And thus FTX taking that slippage loss?

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Users can potentially buy shares from CM-Equity to supply liquidity (though it's a bit of a process to get set up)

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