What Parcl Traders Need to Know

• Seventeen tradable North American Parcl markets are down 0.4% MTD in ppsft terms. This compares to July’s 0.9% decline and June’s 1.8% gains.

• MTD leaders include Washington DC (+1.5% MTD) and Las Vegas (+0.8%). Laggards are Portland (-2.5% MTD), Miami Beach (-2.3%), and Denver (-1.9%). Boston moves back into the lead in YTD performance at +18.6%, followed closely by Chicago at +17.3%.

• Parcl traders remain net short, with the aggregate split across all pools 32% long / 68% short. Pools have skewed short since late July, which coincided with the USA price feed beginning to decelerate.

• Total open interest (OI) across all Parcl pools exceeded $200,000 in USDC terms last week; highest OI markets as of August 15th are Philadelphia, Miami Beach, and San Francisco. Each are at least 70% short skewed.

• Paris and Ile-De-France are the newest tradable markets on Parcl. Paris has risen 0.39% MTD (vs. -0.84% in July) while Ile-De-France has declined -1.08% (vs. -0.73%). Stay tuned for more global locations coming soon!