Posts tagged "index"
How the Rillor Compute Index is computed, field by field.
A complete walkthrough of the index methodology, so a prospective licensee can audit every field before referencing it as a settlement source.
A financial glossary for the AI compute forward market.
The vocabulary of commodities and equities subtly misfits GPU systems. Here is each term defined for physically-delivered AI compute forwards and the Rillor Compute Index.
Why speculators never touch a Rillor physical contract.
Every Rillor contract intends physical delivery and is never cash-settled, so a pure price bet has no instrument here. Directional risk lives downstream, on venues that cash-settle against the index.
Oracle versus index, and why Rillor uses both terms.
The Rillor Compute Index is the public reference price. The oracle is the engine underneath it. Here is when to say which, and why the difference matters.
Depreciation is the biggest risk in a GPU fleet, and now it is tradable.
GPU systems lose most of their market value within one generation cycle. That obsolescence risk is now something a CFO can hedge against an index, not just absorb.
What it takes to license the index and list a compute product.
If your venue wants to list a cash-settled product on a GPU system price, the path runs through a single feed and one hard boundary. Here is what licensing the Rillor Compute Index actually requires.
What makes the Rillor Compute Index hard to manipulate.
A risk-team look at the design choices that harden the Rillor Compute Index against manipulation, and how to audit every print before you reference it for settlement.
Contango and backwardation in AI compute forwards.
GPU systems break the cost-of-carry model because the carry is negative. Here is how contango and backwardation read on a compute forward curve.
What Brent, Henry Hub, and the LBMA gold price teach a compute index.
Oil, gas, and gold became benchmarkable through standardization, a published assessment window, and an owned reference price. The Rillor Compute Index borrows all three.
How a forward curve forms from real contracts.
A forward curve is just executed prices for one SKU across delivery months. Here is how those points form, and how they become the index.
The index is the moat, not the marketplace.
A marketplace can be cloned in a quarter. A reference price built from real executed forward contracts cannot, because the inputs belong to whoever originates the trades.
Why Rillor settles physically and never cash-settles.
Every Rillor forward resolves in hardware arriving at a facility, never a wire in lieu. Here is why physical delivery is the only honest settlement for a procurement market.