Forums  > Basics  > Liquid prompt stuff and curve plays?  
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Total Posts: 10
Joined: Dec 2016
Posted: 2016-12-17 06:04

I have been noticing a hedge fund trading oil derivatives and am unsure of what "They are mainly doing liquid prompt stuff and curve plays," means according to this above article.

Would be great if someone could shed some lights on the matter.



Total Posts: 296
Joined: Jan 2015
Posted: 2016-12-17 19:19
Prompt means contracts with expiries before the front month. Usually day ahead, at least for US electricity markets.

Good questions outrank easy answers. -Paul Samuelson

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Total Posts: 1351
Joined: Mar 2004
Posted: 2016-12-19 10:38
In oil markets prompt can also just refer to the front of the curve. I.e. the first contract, the first time spread etc. It's not a super well defined term.

Mandara acts a lot like a market maker fwiw.

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Total Posts: 10
Joined: Dec 2016
Posted: 2016-12-19 13:53
Thanks a lot guys!
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