Tag: market-microstructure
All the articles with the tag "market-microstructure".
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The GPU Compute Market Is Electricity, Not Oil (Part 1)
GPU compute is being financialized the way oil was in the 1980s, but the correct commodity analogue is electricity, not oil. A rigorous look at the microstructure: perishability, locational marginal pricing, basis risk, standardized units, forward curves, and why the math breaks where the electricity analogy breaks. Part 1 of a two-part series.