Number of CME bitcoin futures
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.
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 longCME Group announced on the 5th that its average daily trading volume in the fourth quarter of last year was 10.4 million contracts, down 14% from the same period in 2007. Among them, the average daily trading volume in December was 8.2 million contracts, a year-on-year decrease of 22%
nevertheless, CME Group's total trading volume in 2008 still reached 3.3 billion contracts, setting a new record for the eighth consecutive year. In 2008, the average daily trading volume was 13 million contracts, an increase of 4% over the previous year. Among them, the daily average electronic trading volume was 10.3 million contracts, an increase of 12% over the previous year, accounting for 79% of the total trading volume
CME Group owns Chicago futures exchange and New York Mercantile Exchange. Its trading procts include financial futures such as interest rate futures, foreign exchange futures and stock index futures, agricultural futures such as wheat futures, corn futures and soybean futures, energy futures such as crude oil futures, and metal futures such as gold futures
the following is a detailed introction:
International Futures Exchange Chicago Mercantile Exchange (CME): 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
Chicago Board of trade (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 mode, in 1848, The Chicago futures exchange was founded by 82 grain traders. After the establishment of the exchange, the trading rules were constantly improved. In 1865, the forward contract was replaced by the standard futures contract, and the margin system was implemented. 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
New York Mercantile Exchange (NYMEX): NYMEX is the third largest futures exchange in the United States and the largest physical commodity exchange in the world. Founded in 1872 and located in downtown Manhattan, the exchange provides futures and options trading for energy and metals, mainly energy procts and metals. The prices generated are benchmark prices in the global market. Contracts are traded through the Chicago Mercantile Exchange's Globex electronic trading system and cleared through the New York Mercantile futures exchange's clearinghouse