The Guardian on futures

Some market participants say that speculators add liquidity in the market, providing opportunity for buyers and sellers.

Love that \”some say\”. For of course speculators do provide liquidity: as well as carrying the risks. That\’s what they\’re actually there for of course. That\’s even what the markets themselves are here for, to allow non-physical market participants to come in, provide liquidity and carry the risks.

This is the whole damn point!

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