Just a stupid question to make sure I get this right ... am I correct to understand that:
S.MPOE-PT is a "security", traded on the btct.co platform. The security is a passthrough for another security, S.MPOE, traded on another security platform MPEX. I am now a bit unclear whether S.MPOE shares represent either:
- Ownership ow MPEX itself
- Or an actively-traded fund that ... does what exactly? Day trades BTC? Day trades other shares on MPEX?
It's a been hard to follow for a newcomer, so I'd love if someone ELI5 and point out any gaps in my understanding.