Tag Archives: futures

Elvis has left the building

Unfortunately, the MtGox Bitcoin Exchange has stopped or collapsed – and as a result Massive Rainfall has:

halted (or frozen) any Securities that are derived from that exchange.
halted (or ‘frozen’) any outstanding Orders that will also be cancelled eventually.
Open trades will be marked to the last closing price and will expire immediately.

Doing this was relatively straight forward – though I should automate this for ease-of-use.

Massive Rainfall Derivatives Exchange (MRDE) will continue to allow other Bitcoin futures to trade using other underlying Bitcoin Exchanges (search on CAD or USD for a list of Bitcoin Futures currently available).

Disruptive Technologies

A “recent” article on weather derivatives at Time.com – cost for $100k of “Snow Insurance” costs $19,000.

I’m hoping to cut that cost by 97% (if it refers to a Future). For weather options, it’s more difficult to estimate the market price of a Snow put option without critical mass on the exchange.

Forbes has a more recent article. Nobody wants to buy or sell Snow derivatives. Not one was traded in 2013. Perhaps I can offer a new approach?