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RE: SBD is broken, why not just remove it?
I get it what you mean, but still BTS mechanism in my opinion is far from perfect. It is too difficult to explain even for professional traders.
When we are dealing with financial instruments, we can't simplify them so much that they don't function properly. If properly functioning feature is too complicated to explain people, maybe we shouldn't have it. The derivate markets are not our core business, anyway.