Spot and derivatives: the exposure is only the beginning.
Ownership, margin, expiry and settlement: four distinctions behind a market position.
Read the guideMARKET INTELLIGENCEUnderstand the market
Understand the market
behind the price.
Read guides to spot assets, derivatives, stablecoin settlement and custody. Each guide explains the mechanics and risks, with links to official source material.
AVERMONT EDITORIAL GUIDES
Understand the mechanism behind the market.
Original educational guides to instruments, settlement and custody, with links to primary sources.
Stablecoin settlement: follow the entire payment.
The token transfer is one step. Redemption, finality and reconciliation complete the picture.
Read the guideCustody and counterparty risk: ask who controls what.
Key security, ownership rights and a provider’s ability to perform are separate questions.
Read the guideRESEARCH FOCUS
Prices, instruments and the movement of assets.
Market structure
How do order size, available liquidity and contract terms affect a position? Read the guides alongside public prices and candlestick charts.
Explore the market monitorDigital infrastructure
How is a payment completed, and who controls an asset? Examine instructions, approvals, settlement and records.
Explore the systems perspectiveREADING THE DATA
How to read the information.
Source & time
Check the source and timestamp. A last-known price is different from a new trade.
Comparable definitions
Compare the same instrument, currency, time period and units. Different definitions can produce different results.
Assumptions & limitations
Distinguish observations from models or forecasts. Check missing data and the assumptions behind a conclusion.
Decision context
Use the guides to understand a product and market data to examine its price. Neither determines whether a transaction suits a particular investor.
These guides provide general information, not individualized investment advice.
RESEARCH & DATA
Discuss research collaboration Discuss research or data.
Introduce a dataset, research method or specific question, with its source and intended use.