What Parcl Traders Need to Know

• Seventeen tradable North American Parcl markets are down 0.9% MTD in ppsft terms. This compares to -0.3% MoM in August and -0.9% MoM in July.

• MTD leaders include Washington DC (+1.6% MTD) and Denver (+1.2%). Laggards are Austin (-3.9% MTD), Boston (-3.5%), and Chicago (-2.6%).

• Boston is no longer the YTD leader at +10.2% (+8.9% YoY); Miami Beach (+12.7% YTD), Denver (+12.5%), and Brooklyn (+11.9%) each jumped in front of the former pace holder. YTD losers include Portland (-5.5%), and Austin (-4.5%).

• Parcl traders remain net short, and as short as they’ve been since inception; the aggregate split across all pools 5% long / 95% short.

• Total open interest (OI) across all Parcl pools is above $325,000 in USDC terms, another all-time-high; highest OI markets are Austin, Boston, and Los Angeles.

• Paris and Ile-De-France are the most recently launched markets on Parcl. Paris has fallen 0.5% MTD (vs. -1.0% in September) while Ile-De-France has risen 0.6% MTD (vs. -0.4% in September). Stay tuned for more global locations coming soon!