159: Greg Newman – Bringing Stoicism to Trading—and Market Making in Oil Derivatives
Chat With Traders
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Brent Futures - Is That What Creates Arbitrage?
Brent is a combination of oil from a couple various places and the futures price represents these oil from these two various areas. Most traders, you know, most guys who essentially don't really care about the physical, they would have rolled it to the next month. So that's a way to avoid this kind of collapse into the into the final physical price of the North Sea. That's what creates arbitrage or probably spread opportunities when these prices get out of whack.
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