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The derivatives market IS NOT valued at over $700T. That represents the gross notional of all derivatives, but most of those trades have equivalent offsetting
by tdees40 12y ago
The derivatives market IS NOT valued at over $700T. That represents the gross notional of all derivatives, but most of those trades have equivalent offsetting positions. Gross notionals are virtually meaningless.
- pkaye 12y agoUntil there is a flaw in the offsetting positions and everything collapses in a heap.