contracts – Lawyers Write the Bets. Bankers Sell the Bets.

June 10, 2025July 28, 2025

Binary options: The dollar continued its weakening against the euro.

I bought a contract on the NADEX betting that the EUR/USD would close above 1.1360 earlier this afternoon at 3 pm. I would not have been surprised had the EUR/USD closed above 1.1380 but lately I have been hedging my bets by 17 to 25 pips. Honestly other than ascertaining the broker spread based on … Continue reading Binary options: The dollar continued its weakening against the euro.

November 2, 2024November 2, 2024

An argument for private currency contracts.

Exchange is memorialized by contract. That contract can settle between T+0 and T+ n. The contract summarizes the terms and conditions of the exchange. Government’s validity is optimized where it protects enforcement of the contract. A bank is a repository of contracts. An individual can look at themselves as a bank, sitting also on an … Continue reading An argument for private currency contracts.