This paper illustrates that investors often mistake illiquidity for alpha, and that investors are often not giving proper value to liquidity. The concepts of liquidity buckets, liquidity indices, and liquidity duration are introduced.
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.