Market manipulation related to CBOE and CME futures!
Both in the event the CBOE future expired now, in the event the CME bitcoin future is arriving settlement, there was an amazing loss of the bitcoin price. Both futures has a serious low volume and that i would guess that these are covered with one single liquidity provider\/market maker. The forex market maker is most probably short the longer term and perchance long lots of. At expiry, they’ll profit in the event the cost is low where you can border after settlement if the cost rebounds. Sadly both CME and CBOE has chosen an incredibly bad settlement processes that are all to easy to manipulate. For CBOE it’s the auction price for Gemini – a young with a very small volume generally.
CME’s model is way better, but nonetheless not as good, VWAP about the four major exchanges may be beneficial, in case that VWAP is calculated on just one minute of trading it’s meaningless. With few large participants, the degree on this kind of brief time period is quite limited. Regardless if many large participants would have interests in almost any of the settlement processes they’d probably have the same position and advantages of the identical side of the market manipulation. The VWAP must have been calculated over several hours instead). Concluding is the fact that we likely will see a lots of strange market activity around each future expiration and expect a rebound after 3 pm Central time today!.
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