Credit Default Swaps, Part Two: ICE and Other Exchanges [View article]
Aside from any likely share of the CDS market, volumes handled by ICE are still going up right now as the stock's price plummets. To date, October oil futures and options volume is 10% above an average month this year, while combined U.S. commodity, FX and Russell trading is up 37%. I don't have the patience to calculate the Canadian volumes as they don't report it conveniently. Still, ICE is very thinly traded, so it cannot seem to get a stable price and that makes owning it (as I do) a difficult exercise in fear control. This stock bucks harder than a wild horse and many a rider has recently been thrown off.
Intercontinental Exchange and the New ICE Age [View article]
Amusing, the idiot who wants to nationalize oil. The US is a net oil importer because we do not have enough of the stuff inside our own territories to supply our needs. If you nationalize oil, I'll be looking for a good printing press so I can bid on printing the ration cards.
Credit Default Swaps, Part Two: ICE and Other Exchanges [View article]
Still, ICE is very thinly traded, so it cannot seem to get a stable price and that makes owning it (as I do) a difficult exercise in fear control. This stock bucks harder than a wild horse and many a rider has recently been thrown off.
Intercontinental Exchange and the New ICE Age [View article]