Having more markets should make a trading thesis more specific. @OndoPerps has announced equity perps for Reddit, ASML, Nike and Wendy’s. What interests me is the ability to express a view on an individual business instead of squeezing every idea into a broad market bet. If my thesis concerns one company, trading an entire index adds exposures I may never have intended to take. A more targeted instrument can help with that. It also removes an excuse: now I need to understand the company, its expectations and what could prove my view wrong. I see a larger market menu as useful infrastructure. The edge still has to come from the trader. Recognizing a brand is easy. Having a reason to trade its perp takes more work.