Subject: RE: Holdings page?
From: Erik Diehn (erikd@cometsystems.com)
Date: Fri Mar 10 2000 - 09:43:10 PST
So why do my cash holdings seem so low? Did I have to buy 4 yes/no pairs of
GDP4h at $20 (maximum possible value)? If so, the system needs to be
adjusted. In FX, it's easy to do YES/NO pairs because the value of a no
holding will ALWAYS be 1- {value of YES}. Your system allows arbitrarily
large claim values, which could lead to some pretty expensive -- or
inappropriately priced -- "pair" values. This makes NO positions in claims
like GDP4h quite expensive, vis-a-vis other investment opportunities.
How exactly are you determing the amount of credit players have available?
It clearly isn't based on what they've spent.
Erik Diehn
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