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Perpetual Futures for Stocks: The SpaceX Pre-IPO Market

Gupta, Aditya et al.
arXiv (All) · Papers
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pricing-of-securities
Robert Shiller proposed perpetual futures in 1993 to create derivative markets for assets that are illiquid or whose price cannot be observed directly, such as single family homes, human capital, and the consumer price index. The crypto markets later built the instrument for a different reason and w
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