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A trader has an idea about what inflation will look like in 2025-2030 (The 5 Year period starting 5 years from now). Lots of other people have ideas about the
by rbavocadotree 7y ago
A trader has an idea about what inflation will look like in 2025-2030 (The 5 Year period starting 5 years from now).
Lots of other people have ideas about the same thing, so there is a product you can buy or sell to bet on it.
She asks her broker what price they can buy or sell it. The broker asks how much she wants and gives a price.
This conversation is so common that there is an agreed upon structure for it. Bloomberg parses all your conversations and provides you with an aggregated view of all quotes brokers have offered you. You can then chart/do whatever you want with this data.
- yjftsjthsd-h 7y ago> This conversation is so common that there is an agreed upon structure for it. Bloomberg parses all your conversations and provides you with an aggregated view of all quotes brokers have offered you. You can then chart/do whatever you want with this data. I appreciate when a human interaction becomes so formalized that it becomes a de-facto API that computers can use. It would be funny to imagine a future where that interaction is happening between 2 chatbots and report results back to their humans.
- rbavocadotree 7y agoThat's actually what is happening a lot of the time. The humans are just monitoring and stepping in when needed or when they get bored.
- swyx 7y agoformer trader here. did indeed write a parser based on simple regex to read in these price quotes for our custom pricing tool. :)