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Quantitative neutrality encounters 'bull disaster' and futures end under pressure.
Gate.io data on September 28th, a rumor about the AlphaHedging strategy private sale being Get Liquidated was widely spread in the market the day before. The rumor claims: "Today (September 26th), the private sale of the AlphaHedging strategy appeared to have been Get Liquidated, with huge losses in futures contracts. Some were lucky enough to have fixed income products to sell, while others had problems with position management, leading to the Liquidation of some short orders in futures contracts." After investigating this rumor in the industry, it was found that neutral quantitative products have indeed experienced a widespread retreat in recent days. However, neutral strategies themselves have little or no exposure. In the case of holdings pump, the overall retreat of the product is limited, and there would not be a so-called "Get Liquidated" situation. The high-leverage DMA products have significantly reduced in scale after the previous cleanup, and the market risks are under control. The sharp rise in futures contracts also led to a sudden increase in Margin pressure on some neutral products on the futures side, resulting in the Liquidation of futures holdings of some individual private sale neutral products.