Traci Alloway

So it's like, OK, the price is different on a Friday versus what?

Yeah.

You know, we were talking about GPU indices, and

You're not the only one doing GPU price indices for sure.

Not anymore.

Yeah, not anymore.

But when you look at some of the other ones, like sometimes they show different numbers or even different longer term trends.

What accounts for the discrepancy there?

What are you doing differently or what are they doing differently, I guess?

So, of course, like, yes, there's the economic rationale for the existence of a hedging instrument.

And we can understand that someone who is an entity that from time that needs compute, they're short, implicitly short GPUs, they want to hedge, etc.

But the liquid markets also really do need speculators and they need people betting on price.

What are you seeing right now in terms of traders or institutions, et cetera, who economically can take both sides of the trade?

And how active is this getting where there's just a compute trading desk that is separate from their economic needs?

I have what is possibly a dumb question, but the compute futures, how are those actually settled?

Cause I have like images in my mind of taking physical delivery of like maybe one of those big chips.

One can dream.

How do you literally trade it?

As in like, let's say there's probably some very bright people in the room, now with an institution, when it's all listed and everything, is it need to go through like a futures broker?

Is it like, could it be like a prediction market where you just go to the website?