Get the latest tech news
Enron tried to trade memory chip futures; why didn't it work?
Enron tried to financialise memory. Why didn’t they succeed?
In 1989, the San Francisco-based Pacific Stock Exchange proposed a DRAM futures market; the Minneapolis Twin Cities Board of Trade were also thinking along the same lines. One time the macro men feared that the markets would turn against their European bond position in the short term, and they advised Robertson to protect Tiger from losses by putting on a temporary hedge. That negative attitude to swaps was exacerbated by the collapse of the energy hedge fund Amaranth in 2006; and in 2007, the Senate Permanent Subcommittee on Investigations released a report titled ‘The Role of Market Speculation in Rising Oil and Gas Prices: A Need to Put the Cop Back on the Beat ’.
Or read this on Hacker News