3min chapter

Michael Covel's Trend Following cover image

Ep. 1177: Two Trend Following Minds with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

CHAPTER

The Evolution of the Futures Markets

We're not going to be market participants on day one of an exchange opening. We've got to get the sort of characteristic heartbeat of, you know, liquidity patterns within that market before we can parameterize our execution algorithms. So there's a, there's a liquidity threshold. I think there's something like 6,000 futures markets globally. You can very quickly cut off 80% of those on a liquidity basis as being viable for what we do. And then it's an evolving cycle as the, as the liquidity picks up, we will adapt our, our allocation in the portfolio. There may be constraints. For example, we can't currently trade the Chinese futures markets for our investors because

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