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The House Makes the Rules- Heads I Win, Tails I Cancel

Originally posted by Jimbo at Capitalstool. 

LME VIX ET AL ……

The house makes the rules.

When you make the rules.

Losing is optional.

Heads I win…. tails I cancel the trades….

Of course no one will play with you in the end.

The LME has significantly impaired its franchise.

A lot of commodity futures markets will get less liquid and more volatile because of the higher margin requirements.

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