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We could create multiple market issued assets like ( Crude Oil Mar 15 (CLH15.NYM) ) and publish feeds.But the client should be modified so that:1 All feeds are invalid 1 day before target date.2 All positions are closed 1 day before target date.This is not something a delegate can do. Bitshares needs to be updated .
That chart is created by fxcm... somehow. Can you find information about what it actually represents ?
Quote from: Empirical1.2 on February 04, 2015, 08:49:45 pmQuote from: emski on February 04, 2015, 07:45:53 pmQuote from: Ander on February 04, 2015, 07:38:42 pmWe should pick a particular type of oil, and a particular contract length into the future, and then have all the delegates for oil based their feed on that.For example, "Use X particular type of oil, use the price of a futures contract that is between 1 and 3 months away from expiration". If everyone agrees on what they are pricing then it will work.What will happen when that "future" time comes ? Shall we stop the trading ? What happens with the feed(s) after that future point in time?EDIT: We could include all the assets like Crude Oil Mar 15 (CLH15.NYM) , Crude Oil Jul 15 and so on. However this needs modification(s) in the software.I agree that we should choose a particular oil type like Crude Oil (WTI) but then you just use the spot price not a futures contract.How do you define such price ? Each future batch is traded at different prices.
Quote from: emski on February 04, 2015, 07:45:53 pmQuote from: Ander on February 04, 2015, 07:38:42 pmWe should pick a particular type of oil, and a particular contract length into the future, and then have all the delegates for oil based their feed on that.For example, "Use X particular type of oil, use the price of a futures contract that is between 1 and 3 months away from expiration". If everyone agrees on what they are pricing then it will work.What will happen when that "future" time comes ? Shall we stop the trading ? What happens with the feed(s) after that future point in time?EDIT: We could include all the assets like Crude Oil Mar 15 (CLH15.NYM) , Crude Oil Jul 15 and so on. However this needs modification(s) in the software.I agree that we should choose a particular oil type like Crude Oil (WTI) but then you just use the spot price not a futures contract.
Quote from: Ander on February 04, 2015, 07:38:42 pmWe should pick a particular type of oil, and a particular contract length into the future, and then have all the delegates for oil based their feed on that.For example, "Use X particular type of oil, use the price of a futures contract that is between 1 and 3 months away from expiration". If everyone agrees on what they are pricing then it will work.What will happen when that "future" time comes ? Shall we stop the trading ? What happens with the feed(s) after that future point in time?EDIT: We could include all the assets like Crude Oil Mar 15 (CLH15.NYM) , Crude Oil Jul 15 and so on. However this needs modification(s) in the software.
We should pick a particular type of oil, and a particular contract length into the future, and then have all the delegates for oil based their feed on that.For example, "Use X particular type of oil, use the price of a futures contract that is between 1 and 3 months away from expiration". If everyone agrees on what they are pricing then it will work.
In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for settlement (payment and delivery) on the spot date, which is normally two business days after the trade date. The settlement price (or rate) is called spot price (or spot rate). A spot contract is in contrast with a forward contract or futures contract where contract terms are agreed now but delivery and payment will occur at a future date
Quote from: emski on February 04, 2015, 05:50:09 pmQuote from: pgbit on February 04, 2015, 05:44:13 pmPresumably, without a clear definition of the index to be used, the price would fall somewhere between the current lower WSI and slightly higher Brent crude values.Q. If the feed is not set currently, does this mean that it is not possible to obtain BitOil at present?It is not possible to obtain bitOil until 51 delegates provide feeds.Ok, thanks.http://bitsharesblocks.com/asset/info?asset=OILThe 2 delegates currently providing a feed - and any others incoming - should gain a lot of support.
Quote from: pgbit on February 04, 2015, 05:44:13 pmPresumably, without a clear definition of the index to be used, the price would fall somewhere between the current lower WSI and slightly higher Brent crude values.Q. If the feed is not set currently, does this mean that it is not possible to obtain BitOil at present?It is not possible to obtain bitOil until 51 delegates provide feeds.
Presumably, without a clear definition of the index to be used, the price would fall somewhere between the current lower WSI and slightly higher Brent crude values.Q. If the feed is not set currently, does this mean that it is not possible to obtain BitOil at present?
Quote from: emski on February 04, 2015, 03:33:10 pmQuote from: Empirical1.2 on February 04, 2015, 03:16:59 pmQuote from: LRENZ on February 04, 2015, 03:06:27 pmQuote from: Empirical1.2 on February 04, 2015, 02:23:55 pmI presume these aren't useful, I don't know what you guys require but that looks live http://www.livecharts.co.uk/MarketCharts/crude.phpThat looks exactly same source as the tradingview links posted above which apparently aren't good enough.Ahh I want to buy bitOIL too Oops, yeah it even says 'charts by trading view'. Oh wellPerhaps I was too quick to dismiss them. This is actually a realtime spot price. I wonder how is it calculated...UPDATE: wow it looks like USOIL is falling quicklyso let's get the market active before we reach $100/OIL again !!!
Quote from: Empirical1.2 on February 04, 2015, 03:16:59 pmQuote from: LRENZ on February 04, 2015, 03:06:27 pmQuote from: Empirical1.2 on February 04, 2015, 02:23:55 pmI presume these aren't useful, I don't know what you guys require but that looks live http://www.livecharts.co.uk/MarketCharts/crude.phpThat looks exactly same source as the tradingview links posted above which apparently aren't good enough.Ahh I want to buy bitOIL too Oops, yeah it even says 'charts by trading view'. Oh wellPerhaps I was too quick to dismiss them. This is actually a realtime spot price. I wonder how is it calculated...UPDATE: wow it looks like USOIL is falling quickly
Quote from: LRENZ on February 04, 2015, 03:06:27 pmQuote from: Empirical1.2 on February 04, 2015, 02:23:55 pmI presume these aren't useful, I don't know what you guys require but that looks live http://www.livecharts.co.uk/MarketCharts/crude.phpThat looks exactly same source as the tradingview links posted above which apparently aren't good enough.Ahh I want to buy bitOIL too Oops, yeah it even says 'charts by trading view'. Oh well
Quote from: Empirical1.2 on February 04, 2015, 02:23:55 pmI presume these aren't useful, I don't know what you guys require but that looks live http://www.livecharts.co.uk/MarketCharts/crude.phpThat looks exactly same source as the tradingview links posted above which apparently aren't good enough.Ahh I want to buy bitOIL too
I presume these aren't useful, I don't know what you guys require but that looks live http://www.livecharts.co.uk/MarketCharts/crude.php
Quote from: pgbit on February 03, 2015, 11:11:54 pmhttps://www.tradingview.com/e/?symbol=USOILhttps://www.tradingview.com/e/?symbol=UKOILNice find. Yea that looks good to me, as long as it's specified what the source is it works, right?
https://www.tradingview.com/e/?symbol=USOILhttps://www.tradingview.com/e/?symbol=UKOIL
Also, would we want the future's price, or the spot price?
Quote from: pgbit on February 03, 2015, 10:36:02 pmThe feed type is significant:for example - can be a wide difference between: http://en.wikipedia.org/wiki/West_Texas_Intermediatehttp://en.wikipedia.org/wiki/Brent_CrudeThanks for the info. If that is the case, that is fine. Maybe they will need to take an average and provide that. Whatever will work is up to them to decide, I just want them to do it.
The feed type is significant:for example - can be a wide difference between: http://en.wikipedia.org/wiki/West_Texas_Intermediatehttp://en.wikipedia.org/wiki/Brent_Crude
https://www.quandl.com/c/markets/crude-oilPlatinum and palladium prices too:(spreadsheet cell)=importHTML("http://www.apmex.com/","table",1)
@teenagecheese can you be more specific about the type of bitOIL you want to buy?To what price exactly you want it to be pegged ?