What's all the excitement down on the floor? Why, from the I can't make this stuff up file, it could be the commencement of trading in salmon futures.Yeah, apparently there is a fast growing seafood derivatives market.
I will try to figure out how to arbitrage the spread between salmon and lox (that I did make up).
2 comments:
There is something utterly ridiculous about creating derivative instruments for all sorts of odd things.
I suppose that we'll see more of this sort of thing as the money seems to be growing on trees.
The Minneapolis Grain Exchange had futures and options contracts on White Shrimp and Black Tiger Shrimp for a few years. I just checked their site and they are not listed so I assume the contracts were not popular.
Mike.
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