James Davies 9/16/26 James Davies 9/16/26 What tail pricing can and cannot promise Read More James Davies 9/8/26 James Davies 9/8/26 What makes a tail price trustworthy? Read More James Davies 8/28/26 James Davies 8/28/26 Who Actually Bears the Tail? Read More James Davies 8/25/26 James Davies 8/25/26 The fifth answer: securitise the tail Read More James Davies 8/18/26 James Davies 8/18/26 The LME nickel crisis was a loss-allocation story Read More James Davies 8/5/26 James Davies 8/5/26 The cost of independent validation Read More James Davies 8/3/26 James Davies 8/3/26 Risk Calculation in an AI World, Part 4: The People Problem Read More James Davies 7/31/26 James Davies 7/31/26 The margin period of risk is agreed, not calculated Read More James Davies 7/30/26 James Davies 7/30/26 Risk Calculation in an AI World, Part 3: The Liquidity Spiral Read More James Davies 7/27/26 James Davies 7/27/26 Risk Calculation in an AI World, Part 2: A Risk Engine Built Like an Inference Server Read More James Davies 7/22/26 James Davies 7/22/26 The default auction Read More James Davies 7/21/26 James Davies 7/21/26 Perpetual futures and the missing clearing buffer Read More James Davies 7/15/26 James Davies 7/15/26 Scratching the surface, checking the citations Read More James Davies 7/7/26 James Davies 7/7/26 Risk Calculation in an AI World, Part 1: How We Calculate Risk Today Read More James Davies 6/22/26 James Davies 6/22/26 Swap or Future? A Field Guide to CME v. CFTC Read More James Davies 6/11/26 James Davies 6/11/26 Harvesting Retail Read More James Davies 6/11/26 James Davies 6/11/26 Another day, another perps conversation Read More James Davies 6/10/26 James Davies 6/10/26 What bringing perps onshore actually fixed Read More James Davies 6/5/26 James Davies 6/5/26 SEC approves Paxos subsidiary as clearing agency Read More James Davies 6/4/26 James Davies 6/4/26 The word “clearing” is doing too much work Read More Older Posts
James Davies 8/18/26 James Davies 8/18/26 The LME nickel crisis was a loss-allocation story Read More
James Davies 8/3/26 James Davies 8/3/26 Risk Calculation in an AI World, Part 4: The People Problem Read More
James Davies 7/31/26 James Davies 7/31/26 The margin period of risk is agreed, not calculated Read More
James Davies 7/30/26 James Davies 7/30/26 Risk Calculation in an AI World, Part 3: The Liquidity Spiral Read More
James Davies 7/27/26 James Davies 7/27/26 Risk Calculation in an AI World, Part 2: A Risk Engine Built Like an Inference Server Read More
James Davies 7/21/26 James Davies 7/21/26 Perpetual futures and the missing clearing buffer Read More
James Davies 7/7/26 James Davies 7/7/26 Risk Calculation in an AI World, Part 1: How We Calculate Risk Today Read More
