The hosts were discussing a venture backed by a well-known investor to bring round-the-clock perpetual futures trading to the US with a major exchange operator. Sorkin frames it as where markets are heading; co-hosts then question whether trading with no pause is wise in a crisis.
…least a year. He wrote, in his words, I'm excited to be an investor in trade XYZ as they partner with ICE Differnois to bring 24-7 perpetual futures on hyperliquid to the United States as a market participant. I'm looking forward to using their innovative product to enhance my investment process. I
Speaker 4
actually looked at it. When I saw this tweet, I looked at it to make sure it was really Stan who put it out because it sounded so unusual. He doesn't tweet very often. He doesn't put things out very often. I looked it up to make sure it was actually him.
Speaker 2
…Exchange or ICE to bring perps onshore into the U.S. Representatives for Dr. Mohammed confirmed the statement to the FT. Shares of the closest publicly traded related stock hyperliquid strategy soared after Drucks Post closed higher by 23% yesterday's session. I can't believe if I'm talking about ICE and I'm talking about perps. It has nothing to do with what you think it has to do. But look, this is the future of trading. This is going to be 24 hours a day trading. If you want to trade on the weekend, if there's an oil shock or there's a war, this is how you would do it. Right now, the beneficiary of this is hype. By the way, that's the other piece of this. Trade XYZ, there's sort of two layers to this. There's trade XYZ on one end, and there's HYPE, which is effectively the layer that's running this whole thing. And so that's the question. The question is whether all of this gets regulated, how this all gets worked out, and whether you think... I think it's…
Speaker 4
was actually wanted to ask you about this because it seems like a great idea to be able to trade all the time. But you think back to the great financial crisis and the things that they had to do on the weekends to make these deals happen because the only time that they could put them together was…
Speaker 2
in a crisis, this could exacerbate things. That is a real question. Are there trading curbs, right? Right. And this effectually means there's no trading curbs at all. Weekends
Speaker 4
are like natural trading. And a lot of times cooler heads do prevail after
Speaker names come from our own diarization. The position is estimated from where the line sits in the episode.
