:)
Conversation
I must say this was well played. I thought you finally went crazy with those random posts but pleasantly surprised
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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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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
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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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You lost me there, will the market on FTX have no sell side unless users go through the process you just described?
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Users can always sell out of what they've bought.
Other than that, it does rely on some liquidity providers going through that process.