Daily Market Notes
We Said London Would Open on Friday's Expiry Map. The Monday Ladder Landed Two Minutes Before the Bell.
Yesterday this desk said no expiry ladder existed at 06:20 UTC and concluded London would open on Friday's map. InvestingLive published the Monday ladder at 06:58:44 — two minutes before the bell. The observation was right and the inference was wrong. Four publication times now measured: 22:19 the night before, 05:01, 06:58:44, and nothing at all at 06:30 today. That is an eight-hour spread and no cadence at all. Plus: when the page does arrive, the notionals are inside an image. Size on the strike, not the notional.