Chicago bitcoin futures website

On December 7, the price of bitcoin continued to soar on Wednesday, breaking through $14000 on an exchange at a shocking rate, less than 24 hours from breaking through $12000

last week, the price of bitcoin fell by about 20%, but on Tuesday, it rose to more than $12000. The latest record is less than 24 hours away from $12000

at the beginning of this year, the price of bitcoin was less than $1000, but as investors became more and more interested in the cryptocurrency, its price also soared. It is said that CBOE global market in Chicago plans to launch bitcoin futures on Sunday. Meanwhile, the Chicago Mercantile Exchange (CME), the world's largest futures exchange, will launch bitcoin related futures procts in the next few weeks. The increase of bitcoin futures trading in these two exchanges marks an important step on the road to legal assets for digital cryptocurrency

Chicago futures exchange is the most representative agricultural procts exchange in the world. In the early 19th century, Chicago was the largest grain distribution center in the United States. With the continuous concentration of grain trading and the development of forward trading methods, the Chicago futures exchange was founded in 1848 by 82 grain traders. After the establishment of the exchange, the trading rules were constantly improved, and the forward contract was replaced by standard futures contract in 1865, And the system of deposit was carried out. In addition to corn, soybean, wheat and other agricultural procts, the Chicago Futures Exchange also provides futures markets for medium and long-term U.S. government bonds, stock index, municipal bond index, gold and silver, and options trading of agricultural procts, finance and metals. The futures prices of corn, soybean, wheat and other varieties on the Chicago Futures Exchange have not only become an important reference price for agricultural proction in the United States, but also become an authoritative price in international agricultural trade
founded in 1848, the Chicago Board of trade - CBOT is a leading futures and options exchange. Through the exchange's open outcry and electronic trading system, more than 3600 CBOT members trade 50 different futures and options procts. In 2003, trading volume reached a record 454 million contracts
in the early days of the exchange, CBOT only traded agricultural procts, such as corn, wheat, oats and soybeans. After years of development, futures contracts of the exchange now include non preserved agricultural procts and non-agricultural procts, such as gold and silver. CBOT's first financial futures contract was launched in October 1975. It is a futures contract based on mortgage-backed securities of the National Mortgage Association. With the launch of the first financial futures contract, futures trading has been graally introced to a variety of different financial instruments, including U.S. Treasury bonds, stock index and interest rate swap. Another financial innovation, futures options, was launched in 1982
in the past 150 years, the main trading mode of CBOT is open outcry trading, that is, traders buy and sell futures contracts face to face in the trading floor. However, in order to meet the needs of global economic growth, CBOT successfully launched the first electronic trading system in 1994. In the past decade, with the increasing popularity of electronic trading, the exchange has upgraded its electronic trading system several times. In January 2004, CBOT launched another new electronic trading system supported by the leading LIFFE connect trading technology. When CBOT launched the new trading system, the exchange also completed the transformation of clearing business. The Chicago Mercantile Exchange (CME) began to provide clearing and related business services for all CBOT procts in January 2004. CME / CBOT joint clearing network combines two leading financial institutions. The clearing network improves the efficiency of business, margin and capital, and benefits futures brokers and end-users of futures procts
whether it is electronic trading or public bidding, the main role of CBOT is to provide customers with a transparent and liquid contract market, which is used for price discovery, risk management and investment. Farmers, companies, small business owners, financial service providers, international trading institutions and other indivials or institutions can manage price, interest rate and exchange rate risks through a process called hedging. Hedging is the operation of offsetting the inherent price risk of spot market position by holding equal but opposite positions in futures market. Hedgers use CBOT futures market to protect their business to avoid the adverse impact of adverse price changes on their earnings
the futures market also allows global speculators to explain and use economic data, news and other information to determine the trading price and whether to enter the market as investors. Speculators fill the gap of hedger's bid and ask price, so the market has higher liquidity and cost efficiency. All kinds of market participants have different opinions and access to different market information. The transactions of market participants lead to price discovery and provide benchmark price

Average daily volume (ADV) reached a record 19.2 million contracts, up 18% year on year

the spot corresponding to a futures contract can be a commodity, such as copper or crude oil, a financial instrument, such as foreign exchange or bonds, or a financial indicator, such as three-month interbank offered rate or stock index. Futures trading is the inevitable outcome of the development of market economy to a certain stage

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precautions:

1. Make good use of financial budget and avoid using necessary funds as capital -- gamblers' psychological characteristics: people who are worried about gain and loss, unrestrained and excessively nervous should avoid using living funds as trading capital. Excessive capital pressure will mislead investment strategy and increase trading risk, leading to greater mistakes