What Parcl Traders Need to Know

• Seventeen tradable North American Parcl markets are up 0.2% MTD in ppsft terms. This compares to August’s 0.3% decline and July’s 0.9% drop.

• MTD leaders include Atlanta (+3.2% MTD), Denver (+2.7%) and Miami Beach (+2.4%). Laggards are Washington DC (-3.0% MTD), and Philadelphia (-2.2%). Boston (down 1.3% MTD) hangs on to the lead in YTD performance at +17.0%, followed by Chicago at +14.0%.

• Parcl traders returned to balance in aggregate; the net split across all pools sits at 48% long / 52% short. Certain pools are notably skewed; namely Miami Beach (~99% long, ~$71k OI), Washington DC (~99% short, ~$81k OI), Denver (100% long, ~$62k OI).

• Total open interest (OI) across all Parcl pools exceeded $275,000 in USDC terms this week, an all time high. Highest OI markets as of September 15th are Washington DC, Denver, and Miami Beach.

• Paris and Ile-De-France are the newest tradable markets on Parcl. Paris has risen 0.2% MTD (vs. +1.1% in August) while Ile-De-France has declined -0.7% (vs. -2.6%). Stay tuned for more global locations coming soon!