tbh I've never been much of a fan of setting price ranges on the hip-3 markets for closed sessions. especially not the ranges set here that defined by the formula.
I understand that it's a safety mechanism for manipulation. but if that's the case, why not put bounds in everything then? isn't there a bunch stuff that gets out of whack from spot prices due to pure manipulation? obviously that is not something I'd want to do. over the weekend we saw a bunch of people trying to allocate to contracts which were already bound restricted but that considering global events volatility was warranted. idk man, just let the market trade. also why would single equities have 10% bound? again, it's based on the max leverage formula for the contract, but that has anything to do with the specific market being traded. for ex, annualized vol for intc was like over 100% a few weeks ago while something like amzn trades at 30% and others even lower. seems a bit arbitrary and constrains true price discovery over the weekend.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
tbh I've never been much of a fan of setting price ranges on the hip-3 markets for closed sessions. especially not the ranges set here that defined by the formula.
I understand that it's a safety mechanism for manipulation. but if that's the case, why not put bounds in everything then? isn't there a bunch stuff that gets out of whack from spot prices due to pure manipulation? obviously that is not something I'd want to do.
over the weekend we saw a bunch of people trying to allocate to contracts which were already bound restricted but that considering global events volatility was warranted.
idk man, just let the market trade. also why would single equities have 10% bound? again, it's based on the max leverage formula for the contract, but that has anything to do with the specific market being traded. for ex, annualized vol for intc was like over 100% a few weeks ago while something like amzn trades at 30% and others even lower.
seems a bit arbitrary and constrains true price discovery over the weekend.