MPOE, May 2013 Statement

Saturday, 01 June, Year 5 d.Tr. | Author: Mircea Popescu

Operational results, MPOE


Overall trade 37`837 contracts, of which -1`170 +22`053 Call, -2`778 +11`836 Put.

Revenue : 25`458.22095779 BTC, of which :

  • contracts sold : 1`472.48252550 BTC
  • contracts exercised : 23`985.738432291 BTC

Expenditure : 23`027.18218433 BTC, of which :

  • contracts bought : 22`714.35788377 BTC
  • contracts exercised : 44.25202156 BTC
  • capital expenses : 268.572279 BTC (5`382.21 × 4.99%)

Profit : 2`431.038773461 BTC


Operational results, MPEx


Revenue : 509.91345261 BTC, of which :

  • Revenue from sales fee : 69.91345261 BTC (Total trade : 34`956.72630953 BTC)
  • Revenue from new accounts : 240 BTC
  • Revenue from misrouted deposits : 200 BTC

Expenditure : 12 BTC, of which :

  • PR, 12 BTC
  • Sponsoring GPG training for new people, 1.2 BTC
  • Servers, 0 BTCi

Profit : 496.71345261 BTC


Shareholders table


Total shares : 1`000`000`000, of which :

  1. Mircea Popescu, 888`284`714 shares,
  2. Third parties 111`715`286 shares.

Total dividend : 2`927.75222608 BTC.


Bondholders table


Total capital : 5`382.21 BTC, of which

  1. 16yqE5GW2iLnXvCX3SHe6r5UbRFAuARond 1`512.65604705
  2. 1D7YtrxnyK3ug3Rvp9jX66T8kVzWww9Jr8 2`995.86767012
  3. 1swAzHw1zTWqoi5184VinvUxLWnBskPVW 873.68628283

Loss applicable to bond capital : 0 BTC
Loss per BTC : 0.00.

MPBOR valid May 31st through June 28th : 4.99%.


Miscellaneous


1. For its entire 21 month history to date the MPOE bot had been on the net selling option contracts, with third party short positions being rare and very small. This month the situation reversed drastically, third party short positions constituting the vast majority of trade, with long positions being rare and very small. It's not quite clear what exactly this actually means.

2. As the balance of Bitcoin economic power shifts more and more towards Asia and China in particular, MPEx gets bigger and bigger there.

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  1. See March report. []
Category: MPEx
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3 Responses

  1. Mircea Popescu`s avatar
    1
    Mircea Popescu 
    Saturday, 1 June 2013

    This marks the 22nd monthly statement for MPOE and the 14th monthly statement for MPEx.

    To formalise previously informal tradition : monthly results are published as soon as possible after the end of the Option month (last Friday of the month). To date this "as soon as possible" worked out to less than two hours.

    These monthly reports are considered drafts, and open to public commentary for one day (until Saturday). Changes in this interval are possible.

    At the end of Saturday dividends are paid out via MPEx on S.MPOE shares, and interest payments take place (along with the returning of any bonds fallen under the 100 BTC minimum).

    Bondholders can submit further capital or change the interest rate on existing bonds freely until the end of Sunday, with their changes counting for the starting month.

  1. [...] MPOE, May 2013 Statement [...]

  2. [...] did some serious volume3, and took some big losses. But, the next month they almost made up for it4. This was a working, functioning, and well-oiled options exchange. There was nothing like it for [...]

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