Sunday, November 9, 2008

New Stocks on iPredict

The election is over and iPredict has many new contracts. In the last 24 hours we have launched 17 stocks asking:
We will also be launching new PM stocks asking who will win in 2011 in the next few days.

7 comments:

Anonymous said...

a question regarding the OCR stocks..

This stock will be closed no later than 3 working days after the Close Date. The Close Date may be extended if the event outcome cannot be determined by that date.


does the above statement means that the stocks will close on the 7th of December? and do you have any particular time to close the stocks?

Anonymous said...

Given that the outcome will be known with certainty at precisely 9am on Dec, IMHO the stock should be closed for new trading at 8.59am.

Anonymous said...

on 4th Dec that is...

Trader1 said...

One thing that is interesting about these OCR contracts is that as of this morning they imply twice as much chance of an OCR move of 50bps or 75bps as there is of more than 100bps...yet, financial markets were pricing a rate cut of 107bps on Friday (and presumably more come Monday after today's renewed US stock mkt crash). Clearly ipredict traders have a different view to the financial mkts...I suspect the RBNZ will be paying more attention to the latter. So I'm going to look to get long "other" and short "50" and "75" (especially the 50...I'd say there is no way the RBNZ is going to disappoint the market to that extent.)

Dibbo said...

Yep, I agree with that. A survey on Friday showed just about every bank economist is now picking a 100 bp cut, with some suggesting it could be up to 150 bps ie the same as the Bank of England delivered a couple of weeks back, taking their cash rate to 3%. The other thing counting in favour of a big cut is that the Reserve Bank of Australia has cut their rate by a further 75 bps since the last RBNZ meeting and they will meet again two days before the RBNZ with the market pricing a further cut of between 75 and 100 bps. If the RBA does the 75 bp s, that's 150 bps since the last RBNZ meeting and would take their cash rate down to 4.5%. Hard to see the RBNZ not at least taking NZ's rate down to 5.5% in that context, especially as the market is pricing 100 bps minimum and many are calling for the cash rate to go to 4.5% or below early next year. And with the international news deteriorating by the day - US retail sales worst in decades over night, I suspect the markets will continue to push for more easing rather than less. Needless to say, I'm positioned accordingly.

Alan Bollard said...

I have that trade on also.

jag said...

so can we get an official answer as to when the OCR stocks closes?