AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Days of Futures Past Episode 1 | Scott Irwin, Professor, University of Illinois and Author of “Back to the Futures”
SmarterMarkets™
The Role of Speculators in the Market
The role of speculators is to help with both that risk transfer and the smoothing out of the volatility rather than exacerbating it. Most fundamentally, they're the source of the liquidity that allows those that want to offload price risk to do so at a reasonable cost. To me, that's their fundamental role. But to do that, they're obviously taking on some enormous price risk.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode