#termmax
My assumption: TermMax separates yield into FT, XT, and GT.
TermMax mechanism: FT, XT, and GT are the components. FT is tradable before maturity. Pricing uses range-order pricing curves.
That made me look at it differently.
Time-to-maturity becomes part of pricing.
I’m not sure how this behaves in practice when maturity gets close and order flow changes.
want to watch this in practice,
#TermMax @TermMax
My assumption: TermMax separates yield into FT, XT, and GT.
TermMax mechanism: FT, XT, and GT are the components. FT is tradable before maturity. Pricing uses range-order pricing curves.
That made me look at it differently.
Time-to-maturity becomes part of pricing.
I’m not sure how this behaves in practice when maturity gets close and order flow changes.
want to watch this in practice,
#TermMax @TermMax