"I am telling you, the world's first trillionaires are going to come from somebody who masters A.I. and all its derivatives and applies it in ways we never thought." -Mark Cuban
"A.I.G was even larger than Lehman, with a substantial presence in derivatives and debt markets, as well as in insurance markets." -Ben Bernanke
"I think, my generation, it's hard to have hope when you got a $700-trillion derivatives debt to pay and a bubble about to explode and $500 trillion worth of GDP." -Shia LaBeouf, who really doesn't know wtf he's talking about.
"The financial crisis involved significant failures in the functioning, regulation, and supervision of the OTC derivatives markets." -Jerome Powell
"Modern Women are just bombarded. There's nothing but media telling us we're all supposed to be great cooks, have great style, be great in bed, be the best mothers, speak seven languages, and be able to understand derivatives. And we don't really have women we're modeling after, so we're all looking for how to do this." -Jamie Lee Curtis
"Derivatives are weapons of mass destruction" -Warren B again!
"There is a simple rule here, a rule of legislation, a rule of business, a rule of life; beyond a certain point, complexity is fraud. You can apply that rule to left-wing social programs, but you can also apply that rule to credit derivatives, hedge funds, all the rest of it." -P.J. O'Rourke, I don't even know who this guy is but damn, that's a zinger!
and more: https://www.brainyquote.com/topics/derivatives-quotes
Do any the the existing PTA handle mark-to-market instruments such as futures? Or properly handle anything with a multiplier (without hand multiplying the valuations).
Also related: Options, futures-style options, forwards (I suppose).
Thanks!
If unfamiliar:
>If I invest in a future, I don't purchase it like a normal share, I enter into a derivative contract because the price is derived from something else. This contact usually has a scaling factor, so if the price of ES (the S&P mini-future) is quoted 3,500 USD, I actually have exposure in the market of 350,000 USD. I don't see 350,000 USD being debited from my cash balances *.
>
>At the end of the day, my cash account is altered by the gain or loss from the movement in the future. If the above rose to 3,600 USD, I would get 100 * 100 = 10,000 USD credited to my account. The next day I start at zero once again. These also don't count as an asset - the asset part is the gain(loss) just for that day before it is posted to the cash account **.
>
>(* typically for most cases in trading these, although you _could_ do fully paid if you really really wanted perhaps)
>
>(** excluding margin requirements which are almost surely out of scope here)
Note, I'm soon going to be modelling these sorts of assets in Blossom once I can support both the notional and net asset value style assets properly.
I am hanging on to this subject by my fingernails. I'm looking for recommendations on lectures that might help, or any other tips, tricks, really anything to help me get a good grip on this.
Thank you all for the help!
For example: USDINR August 2020 expiry chart
https://kite.zerodha.com/chart/web/ciq/CDS-FUT/USDINR20AUGFUT/1077251
Single click trading interface to hedge & speculate through outright futures, calendar spreads, butterfly spreads & American options
