Tag: arbitrage

Cover artwork (cover.png) for the article titled The Shadow Engine of Markets: Understanding Derivatives, Perpetuals, Futures, and Options.

The Shadow Engine of Markets: Understanding Derivatives, Perpetuals, Futures, and Options

Derivatives are not mere side bets. They are the shadow engine of markets — the hidden machinery of futures, perps, options, and ETFs that reshapes liquidity, andlifies risk, and choreographs price itself. To read markets well is to see beyond candles and charts, and to listen for the gears turning beneath them.

12 min read
Cover artwork (cover.png) for the article titled The Long Shadow of Markets: Understanding the Secondary Market Effect and Arbitrage.

The Long Shadow of Markets: Understanding the Secondary Market Effect and Arbitrage

Prices can change in seconds, but consequences can take decades to arrive. The secondary market effect and arbitrage reveal why — and how short-term gains often mask long-term costs. From high-frequency trading to global politics, understanding these concepts helps us see beyond the present into the slow, unfolding arc of cause and consequence.

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