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Calling synthentic assets - something otherwise fully embraced by traditional finance - 'fake stocks' repeatedly lets me think they might have had some sort of
by Tenoke 5y ago
Calling synthentic assets - something otherwise fully embraced by traditional finance - 'fake stocks' repeatedly lets me think they might have had some sort of an agenda on this one..
Disclosure: I have personally invested small sums in the mentioned SNX and MIR.
- yreg 5y ago"Fake stocks" does make it sound like the users are being mislead into thinking that they are buying actual stocks. Which doesn't seem to be the case.
- elevenoh 5y agoIt's definitely not the case. "Fake stock" == "stock futures instrument" depending on the writers underlying motive. And the bloomberg motive is clear.
- arcticbull 5y agoEquity futures are constructed around, on settlement date, delivery of the underlying shares to long contract holders from short contract holders. They're called SSFs for short. [1] There are cash-settled futures too, but they're usually for things that don't sit well in a brokerage account like "a NASDAQ" or crypto, for instance. [1] https://www.investopedia.com/articles/optioninvestor/06/singlestockfutures.asp https://www.investopedia.com/articles/optioninvestor/06/sing...
- elevenoh 5y agoEquity futures (e.g. perpetuals) exist in forms beyond the definition you've mentioned. example https://ftx.com/trade/FB/USD https://ftx.com/trade/FB/USD
- arcticbull 5y agoThat's on FTX, I was referring to in real life.