CBOT bitcoin ETF
bitoffer has bitcoin ETF so far, almost all applications for bitcoin ETFs have been rejected by the US Securities and Exchange Commission, including those from bitwise asset management, Winklevoss brothers, Vaneck / solidx and direxion it is understood that Wilshire Phoenix applied to the New York Stock Exchange (NYSE Arca) for bitcoin ETF for the first time last summer, and submitted amendment No. 6 of its trust fund registration statement to the SEC on February 14. Unlike other previous bitcoin ETF proposals, Wilshire Phoenix's ETF will invest in both bitcoin and US Treasury bonds. Second, the trust will be automatically adjusted once a month to address concerns about fluctuations in the bitcoin price comments: for a long time, bitcoin ETF has not been passed because the SEC is based on the risks and concerns related to cryptocurrency funds, including pricing, liquidity, custody, arbitrage and possible manipulation problems. Obviously, Wilshire Phoenix has paid attention to this point in the design of the fund this time. It has added the share of US Treasury bonds. If the price of bitcoin fluctuates too much, it will increase the share of bonds and rece the share of bitcoin. But it still doesn't work. It still can't explain the manipulation of bitcoin price. If this problem cannot be solved, bitcoin ETF will be difficult to be approved. So many people are actually immune to this problem, and it is really difficult to get approval in a short time in view of the SEC's rejection of bitcoin ETF application, it can be said that the only hope of cryptocurrency practitioners for ETF has been broken once again. The reason why bitcoin ETF is expected is that it is of great significance. We can understand it as a stock of NASDAQ or NYSE. If bitcoin ETF is listed, all investors can buy it directly from compliance channels. This is equivalent to expanding the audience of bitcoin from the coin circle to the U.S. stock market and even the whole global market. This demand will be enormous
the fund aims to integrate blockchain technology into various government projects, including medical, ecational and cultural fields. The foundation will also be responsible for international investment in Uzbekistan's digital economy. In addition to international loans and grants, the national agency of project management of Uzbekistan will also fund the digital trust fund
recently, mirziyoev has approved relevant bills to apply blockchain to different public fields to support the development of Uzbekistan's blockchain and cryptocurrency instry
in July this year, mirziyoev signed a directive document on measures for the development of digital economy in the Republic of Uzbekistan, which stipulates the application of blockchain technology to some aspects of public administration
according to the order, Uzbekistan will launch a blockchain integration plan by 2020. At the same time, the country's Ministry of information technology and communication development must propose a blockchain integration plan for international settlement facilities as well as loan and trade financing
in addition, mirziyoev signed a law on the regulation of cryptocurrency transactions, which came into effect on September 2. According to the law, foreigners can only trade cryptocurrency in Uzbekistan by setting up branches in the country. The law also sets a minimum capital requirement of $710000 for a crypto exchange
in addition, crypto traders will not be subject to Uzbek stock market regulations and will be exempted from tax liability on trading income< However, cryptocurrency transactions must comply with anti-terrorism and anti money laundering laws. They must also keep cryptocurrency transaction records, customer personal data and communications information for five years
in February 2018, mirziyoev agreed to approve the establishment of a distributed ledger technology and blockchain technology center in mirzo ulugbek innovation center, which focuses on financial technology. At the same time, Mir has also ordered the active development and stimulation of mobile payments in the financial market, including the use of PayPal, Alipay, Visa and Mastercard.
it is worth mentioning that at that time, the staff of the Central Bank of Uzbekistan once expressed a negative attitude towards digital currency and said that they thought it was one of the means of financing terrorism. It was these remarks that prompted Uzbekistan to introce laws to regulate cryptocurrency transactions in September.
at that time, I didn't know much about this information. Later, my friend went to the training course of Yingfu College of Finance and economics and listened to their lectures. They said that bitcoin ETF is more like a kind of ordinary investment, which is set up with a fixed price index, and is also set up in the trust mode. It is divided into three main bodies: sponsor, trustee and custodian. After signing the contract, they will perform their respective ties
now that the first batch of bitcoin ETFs are approved for issuance, it will greatly change the public's overall view on the regulatory risk of encryption assets, thus having a positive impact on bitcoin.
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
As a matter of fact, the price of bitcoin has accelerated since it reached a record high on Tuesday night. According to instry data, today's market value of bitcoin is less than $230 billion. According to this data, the market value of bitcoin can be ranked among the top 20 companies in the standard & Poor's 500 indexlast 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
CME & reg CME is the largest futures exchange in the United States and the second largest exchange in the world for trading futures and futures option contracts. The Chicago Mercantile Exchange provides investors with a number of financial and agricultural transactions. Since its establishment in 1898, the Chicago Mercantile Exchange has continued to provide a market with risk management tools to protect investors from the risks brought about by changes in the prices of financial procts and tangible commodities, and to give them the opportunity to profit from trading
in December 2002, the holding company of Chicago Mercantile Exchange (CME) was officially listed on the New York Stock Exchange (NYSE), which transformed CME from a non-profit organization with membership system into a profit-making company
engaging in futures trading on the Chicago Mercantile Exchange
the mass media often express the trading activities of the Chicago Mercantile Exchange as a colorful, visual and dynamic scene: traders shout orders and wave their arms wildly in the field. Although this kind of "open outcry" trading is still going on, in recent years, the Chicago Mercantile Exchange is innovating to enhance electronic trading. At present, electronic trading volume has accounted for half of the total trading volume of the exchange
because electronic trading enables indivials to directly connect with various markets of the Chicago Mercantile Exchange at home or on the company's computer at any time, its Globex & reg; The trading volume of electronic trading platform continues to occupy a high proportion in the total trading volume. This trading mode helps to attract more market participants, eventually increase the trading volume of the exchange, enhance the market liquidity, and make the market conct a large number of transactions quickly and effectively
the Chicago Mercantile Exchange owns and operates its own clearing house, through which all transactions are cleared and orderly concted. This can rece the risk of the trader's failure to fulfill the futures or futures option trading responsibilities
the Chicago Mercantile Exchange has the largest number of open positions in futures and futures options in the world. Open position contract refers to the number of contracts that have not been cleared at the end of a trading day. It is the most important indicator of liquidity. Liquidity is a key component to ensure market success and attract investors and customers
pension funds, investment advisers, portfolio managers, corporate financiers, commercial and investment banks, brokers / dealers and indivials from all over the world trade on the Chicago Mercantile Exchange, and these transactions form part of their financial management strategy<
CME procts
CME offers investors a variety of procts, including futures and futures option contracts:
stock or stock index procts, including e-mini & reg; S&P 500®、 NASDAQ-100®、 E-mini Russell 2000® And Nikkei & reg; 225
interest rate procts - procts based on short-term interest rates, including Eurodollar and LIBOR
FX - procts include Australian dollar, euro, British pound, Japanese yen and Swiss franc
Agricultural Procts - including cattle, dairy procts, wood, pork and weather contracts< CBOT: CBOT is the largest and 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.
the Chicago futures exchange is the most representative agricultural procts exchange in the world. In 1848, the Chicago futures exchange was founded by 83 grain traders. In 1865, the standard futures contract replaced the forward contract, and the margin system was implemented. On October 17, 2006, the Chicago Mercantile Exchange (CME) and the Chicago Board of trade (CBOT) announced that they had reached a final agreement on the merger. The two exchanges merged to form the world's largest derivatives exchange, the Chicago Board of trade group
CBOT is the most representative agricultural procts exchange in the world. 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.
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
All in all, CME's average daily total options volume (ADV) fell 14% year-on-year to 3436806 transactions a day, compared with 4005997 last year Futures trading corresponding to spot trading has become a modern trading mode. A systematic understanding of the characteristics of futures trading is an effective way and key to a deep understanding of futures marketthe 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
extended materials:
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
Make good use of free simulated accounts and learn futures trading -- patience of investors: when the yield is positive, beginners should be patient and learn step by step, instead of rushing to open real trading accounts, they can try simulated accounts first. There are applications for free mock accounts, which new investors can experience If there is no fixed way of trading, the profit is likely to be very random, that is, it depends on luck. This profit cannot last longit does not affect the performance and revenue
the limitation of USB interface
in addition, ordinary mobile hard disk is also a mechanical hard disk
when using ordinary hard disk, you need to save dozens of yuan, and you need to buy your own base or hard disk box.
mobile hard disk is more convenient to use and easy to place.