The thing I mostly hate about exchange listed products is their multipliers, especially when the underlying multiplier isn't the same as the option multiplier... DAX is the oddest one, where the option contract size is 1/5 the underlying future size. Like, what's up with that?
-
Haha no way
It makes some sense because the market operates on daily futures, ie you can buy a contract representing the price of gas on a specific day. When the monthly contract expires it decomposes into a strip of dailys and these settle throughout the month.
-
-
Yes - electricity is traded as a “flow x time”, since it can’t be stored. So the basic unit is 1 hour, then 1 day. Swaps started trading the months as strips of days, and then the futures followed.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.