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The Small Exchange (www.smallexchange.com)


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The Small Exchange (www.smallexchange.com)

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  #1 (permalink)
 snax 
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Citadel and Jump capital invested $10M and are joining as liquidity partners for proposed small exchange

https://www.builtinchicago.org/2019/05/16/small-exchange-10m-funding

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 SMCJB 
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Two large High Frequency Traders. Hmm Interesting...

Found It...

In addition to investing in the company, Citadel and Jump Trading Group will also participate on the exchange as liquidity providers

And as such will probably have beneficial terms unavailable to others.

Sorry just the cynic in me!

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 snax 
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SMCJB View Post
Two large High Frequency Traders. Hmm Interesting...

Found It...

In addition to investing in the company, Citadel and Jump Trading Group will also participate on the exchange as liquidity providers

And as such will probably have beneficial terms unavailable to others.

Sorry just the cynic in me!

What could these beneficial terms consist of do you think? I'm asking because I have some hopes for this since the e-micros have been a nice addition, and this could provide products to get familiar with other commodities potentially, though no list of proposed products has been made available that I'm aware of.

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 SMCJB 
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Probably nothing that would adversely effect you as a retail investor, probably more things that would hurt other liquidity providers competing with them.

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 snax 
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More small exchange news: https://finance.yahoo.com/news/small-exchange-partners-cyrusone-access-130000701.html

I would love to try out all these different products and I hope it becomes successful, one of the things I intrinsically like about the markets is discovering all the different behaviors between the different products, this would be a lot of fun (in theory) if it happens.

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 snax 
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Products are defined now here:
https://smallexchange.com/products

Tastyworks has also set up a watchlist for "Small Exchange Cash Indices":



These are the contents of the watchlist and the products they correspond to:



PRE:SME -> SPRE - Small Precious Metals Futures Contract

GO:SME -> SMGO - Small Global Oil Futures Contract

FX:SME -> SFX - Small U.S. Dollar Futures Contract

75:SME -> SM75 - Small Stocks 75 Futures Contract

10Y:SME -> S10Y - Small 10YR U.S. Treasury Yield Futures Contract

Interested to see what this will develop into.

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 Big Mike 
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Interesting.

But I wonder what the availability is? Which FCM's offer this Exchange? I couldn't find that information on their website.

Mike

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 Scalpingtrader 
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Interesting stuff. But I'll quite certainly wait until NT Brokerage decides to offer them in their range of exchanges before looking further into this.

Not keen on being a fast adopter in this particular field

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 platon 
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According to Tom Sosnoff start date is May 18. He also mentioned that Interactive Brokers , TD Ameritrade will participate.

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 SMCJB 
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That's very retail focused.

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