Market Update: Mid January

What Parcl Traders Need to Know

• As of 1/15, the eight tradable North American Parcl markets are down 0.5% MTD in ppsft terms. Including nine additional markets that are not yet tradeable on v3, the markets are down 0.2%.

• Chicago (+0.1% MTD) and Los Angeles (-4.6% MTD) are the two most recent markets launched in early January. 

• MTD leaders include Austin (+3.3% MTD) and Boston (+3.0%). Laggards are Los Angeles (-4.6% MTD), San Francisco (-3.3%), and Washington D.C. (-2.3%).

• Some residential real estate markets, such as San Francisco, Portland and Washington D.C. experienced meaningful price declines YoY, while Miami Beach and Chicago were the YoY outperformers. The USA price feed grew 8% YoY.

• Parcl traders remain balanced, ~50:50 in all markets, with daily funding rates averaging at +0.006% (+2.2% annualized).

• Following the Parcl v3 launch in November, total open interest (OI) across all indices has surged above $13 million — an all-time high. Miami Beach, Las Vegas and Austin marked the highest OIs.

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Parcl will have many more global locations coming soon! Stay tuned.