the coolest aspect about new @tradexyz listings is how it democratizes new forms of trading across the board
- in march, we had brent-wti rolls <> massive funding during calendar rolls
- now in july xyz:SKHY is the first time people can take high leveraged views on ADR premia -- particularly as the skhy adr opened up +20% relative to the local perp
today the ADR perp traded $300m while the local perp traded $900m -- but more interestingly, you see a growing positioning of people trading adr [perp] prem itself [with a heavier lean towards fading the premium]
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