HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
that makes sense--but why price them as arb on day 1? unless i'm missing something, all three IPOs today have ~$10 riskless spreads on them {nm}
how are CX derivatives priced? Jan 12, 18:50
when you figure that out, let me know Jan 12, 19:13
That was the previous method. Starting today, they IPO at the same price as the equivalent on Cantor Exchange. {nm} Jan 12, 19:25
that makes sense--but why price them as arb on day 1? unless i'm missing something, all three IPOs today have ~$10 riskless spreads on them Jan 12, 19:38
There isn't any arbitrage between MST and CX Derivatives, because their values are tied to box office, not to each other. {nm} Jan 12, 19:51
except that both have to delist at the same price, right? Jan 12, 19:59
That's a fair point. The decision was made to mimic Cantor Exchange. {nm} Jan 12, 20:05
It wouldn't be possible to be ARB or BRA on Day 1 because there won't have been any box office reported on Day 1 Jan 12, 20:10
You'd have to come up with a different term for that... true, one or the other could be overpriced/underpriced Jan 12, 20:27
except that the MST is both about adjust and delist. also, meant arb only in technical sense of riskless profit. Jan 12, 20:38
this whole conversation is pointless, since Antibody said they are IPOing CX at Cantor Exchange prices, end of story Jan 12, 20:58