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Chicago Mercantile Exchange bitcoin opening time

Publish: 2021-04-28 13:08:00
1.

Now the popular digital currency futures is bitcoin futures. On December 11, 2017, Beijing time, CBOE launched the bitcoin futures XBT, and the market reaction was hot, triggering the circuit breaker mechanism many times. CME of Chicago Mercantile Exchange launched bitcoin futures BTC on December 18, 2017, which brought about great fluctuation

the two major bitcoin futures procts have the following similarities and differences, which are worth noting:

1. XBT unit is 1 bitcoin, BTC is 5 bitcoins

The minimum price change: XBT is $10 / bitcoin, BTC is $5 / bitcoin

XBT trading time is from 7:00 on Monday to 6:00 on Saturday, Beijing time; BCT trading time is from 7:00 on Monday to 4:15 on Saturday, Beijing time

4. The position limit was 5000

Price circuit breaker mechanism: XBT price fluctuates more than 10% of the previous day's closing price, trading is suspended for 2 minutes, more than 20%, trading is suspended for 5 minutes; The BTC price fluctuates more than 7% or 13% of the closing price of the previous day, triggering the circuit breaker mechanism. The specific suspension time has not been disclosed. If it exceeds 20%, the trading will stop

XBT requires 44% initial margin, which is about 2 times leverage; BTC Requires 35% of the initial margin, which is about 3 times the leverage. It is worth noting that both exchanges have indicated that the margin amount can be adjusted according to the actual situation

2. Possible factors for the rise of bitcoin. 1. Bitcoin futures rose on the first day of listing on the US stock exchange. Wall Street investors bought bitcoin for the first time, and the price of digital currency futures jumped about 20%. Bitcoin has risen this year. According to the Los Angeles Times, the US market has bought second-hand housing mortgage loans to buy bitcoin. 2. At present, the trading volume of bitcoin is relatively low, and most investors are optimistic about oil, gold, wheat and other commodities, or the stock market. The future direction of bitcoin is unknown, futures prices show that prices are rising, but investors are cautious about the market falling into bubbles and speculation. 3. JPMorgan said bitcoin was a fraud. The Chicago Mercantile Exchange will start trading bitcoin futures on December 18, with gold slightly lower and its value supporting the gold price. Bitcoin has no value, only the price rises.
3.

The rapid rise of bitcoin's price comes from the fact that its use value is graally recognized by popular business services such as green ecology. For example, Jack Dorsey, the founder of Twitter and square, made a high-profile promotion and planning of BTC in Silicon Valley in the United States, which is also called the original ecological currency of the next generation Internet technology, and announced the purchase of $50 million BTC< naturally, apart from the Internet technology circle, it is also like the BTC Private Fund released by grayscale, a financial enterprise, which helps traditional financial enterprises get BTC financial planning

at present, the total position cost of BTC commodity futures is about 6.3 billion, which has increased 133% since the beginning of this year and constantly updated new historical records. Unlike the spot trading market, the increase of non compulsory position closing trading position of derivative procts in zero sum game indicates the contradiction level between buyers and sellers on spot trading base price

4.

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 index

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

5. 2017 is one of the best years in the history of bitcoin. Since the beginning of the year, bitcoin has generated nearly 700% returns. The Chicago Mercantile Exchange will launch bitcoin futures in the second week of December, which will make bitcoin more popular with heavyweight institutional investors. Analysts firmly believe that bitcoin will record the highest trading volume in history in December 2017. Of course, analysts expect bitcoin prices to rise another 500% or 700% on the current basis. Investors who buy for less than $3000 are not worried about short-term volatility and are waiting for a $4500 stop. Specific visible: webpage link
6. Trading time: Monday to Friday 9:30 a.m. - 1:15 p.m. Chicago time
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.
7.

On December 11, 2017, Beijing time, CBOE of Chicago Board Options Exchange launched the XBT of bitcoin futures. The market reaction was hot and the circuit breaker mechanism was triggered many times. CME of Chicago Mercantile Exchange launched BTC of bitcoin futures on December 18, 2017, which brought about great fluctuation

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9. The characteristics of the American model

both in theory and practice, there are two main models of human resource management, Eastern and western. The west is dominated by the United States, while the East is dominated by Japan

there are many theories and schools of human resource management in the United States, but their foundation and root are American culture, which determines that these theories and schools have a lot in common

first of all, whether in the process of germination and development of human resource management, or when it becomes an independent discipline, the core of human resource management is profit, that is, money. In fact, this is the essence of capitalism and the most important driving force for the development of capitalist society and economy and the survival of enterprises. An American economist summed it up in vivid words. The biggest learning in the United States is how to put other people's money into their own pocket. There is no eternal friend, only eternal interests become the consensus of dealing with human resources

secondly, from the perspective of the development of human resources in the United States, people in human resources have experienced & quot; Mechanical man Pure interest driven & quot; Economic man There are many kinds of needs; Social man & quot; And the & quot; Organizer & quot; Although there are deep understanding and progress in practice, the people they think of are still right and wrong; Natural man;, It is a reference in various tangible assets or intangible organizations and economic systems. It is still a living tool for making profits< Third, the starting point of human resources in the United States is the indivial. What it advocates is indivial struggle, which is far from the cooperative spirit of eastern culture which emphasizes collectivism, group interests and harmony. MBA, the typical representative and direct proct of human resources in the United States, has been cultivated as a habit of thinking from the perspective of the top management of the company since they were in school, with little emphasis on the cooperation between people. When they walk out of school, most MBA students have formed this kind of consciousness: in this world of the jungle, only personal achievement is crucial, everything else is insignificant. In the 1980s, in order to get ahead of others and seek self-interest, MBA changed their careers, which made them infamous and known as & quot; The generation of the supremacy of self & quot In the last issue of Newsweek in 1984, the year of the yuppies, Newsweek said: & quot; They're a generation that's notorious for constantly reinventing themselves in search of excitement& quot; Abraham zalenik, a professor of psychoanalysis at Harvard University, said: & quot; In the past, people didn't focus as much on themselves as young people do today. This generation is addicted to self inlgence and never willing to adapt to the environment. Like most students at Harvard Business School, they are always calculating and sometimes playing tricks. They don't show any sense of belonging and common belief& quot;

therefore, all levels and fields of human resource management system in the United States, whether it is the development, planning, recruitment, selection and evaluation of human resources, or performance appraisal, control and management, are interest centered. If we take into account the non interest factors such as cultural differences, self-esteem and self realization of human beings, Its final purpose is to promote the maximization of profits. From the perspective of natural human nature and the development of human culture as a whole, although the theory of human resource management in the United States has its extremely effective and great side, it has its inherent narrow-minded and short-sighted side rooted in American economy and culture or American fast food culture, which is not enough to represent the future trend of the world and the direction of human development< In the early 1980s, Americans themselves realized these practical problems. Len caust, a 49th year graate of Harvard School of business administration, said: & quot; We can use demonstration to prove that: procing high-quality procts, you can make money; You can make money by making inferior procts& quot; So American managers are indifferent to quality

Fortune magazine described their response to quality control expert Deming as: & quot; get the hell out of here! Daming, we're making money& quot; It is under the influence of this concept of profit oriented talents that Dai Ming, who was later regarded as a God by the Japanese, had to leave his hometown and bring his quality control theory to fruition in Japan<

at this time, only three of the 500 large enterprises in the United States had the background of human resource managers, and most of the others had the background of Finance and marketing. This kind of money based human resource management has finally led to a decline in the quality of American procts and their status at home and abroad. Around 1980, American management was publicly attacked by all walks of life. In 1981, the New York Times made a special report on the decline of the international reputation of American management. At the same time, there is an upsurge of learning Japanese management style in the United States. Americans believe that since Japan's procts and economy have developed better than the United States, then & quot; Now that we have gone the wrong way, the Japanese must be right< Third, the origin of human resource management in Japan.
when Chiang Kai Shek was young, he went eastward to study in Japan. No matter on the train, tram or ferry, he always saw the Japanese concentrate on studying Wang Yangming's biography of the Ming Dynasty. After reading a paragraph, he closed his eyes and sat in silence, absorbed himself and understood the profound meaning. Even the soldiers studied Yangming's theory and carried out Wang Yangming's philosophy of "to conscience" and "unity of knowledge and practice" in their life and practice. Liang Qichao, a great master of Chinese culture in modern times, went to Japan and was surprised that Wang Yangming's chuanxilu and Zhu Xi's jinsilu were so popular in Japan. In fact, this is the cultural and psychological basis for Japan to rebuild itself spiritually and economically no matter what situation it experiences

the Japanese learning Chinese culture can be traced back to a long history, and the large-scale learning and introction of Chinese culture is the Tang Dynasty. Since then, the cultural exchanges between China and Japan have been endless. In modern times, Zhu Shunshui, a posthumous minister in the late Ming Dynasty, did not want to serve the Qing Dynasty. He came to Japan ring the founding period of the Tokugawa Shogunate. He put it into use and introced Confucianism, so that Tokugawa Jiakang realized what Confucius said: "a man must be resolute and have a long way to go". It has established the tradition of taking Chinese Confucianism as the criterion of governing the country and serving the world. However, in the Tokugawa Shogunate period, Zhuzi theory was regarded as the orthodoxy, and Wang Yangming's theory was regarded as the orthodoxy from Zuo Teng yizhai, the imperial master at the end of Tokugawa period. This tradition was carried forward by the most famous sinologist in Japan, masaku Ando, who was regarded as the "teacher of the emperor" in contemporary Japan, Chinese Confucian classics, especially Wang Yangming's works, have become the necessary books for the leaders in the political and economic circles to study deeply< Fourth, the characteristics of human resource management in Japan

first, the learning way of good teachers and helpful friends< Based on the respect of Chinese culture for teachers and friends, and his own personal experience, masaku Ankang founded the "Japan National Association of teachers and friends" in 1949, which influenced the Japanese government and the public. More than 10000 people from the leadership of Japanese political and economic circles joined the association. It was an important town for the establishment of Japanese management ideas and the promotion of Chinese culture after the war. The reason why Angang wants to establish the "teachers and friends association" is that its significance and purpose originate from Confucius' Analects of Confucius The Analects of Confucius says: "three people must have my teacher, choose the good ones and follow them, and change the bad ones." The Analects of Confucius, Yan Yuan, said: "a gentleman will make friends by writing, and help benevolence by friends." In the Analects of Confucius, Ji Shi said: "the benefactor is three friends, friendship, understanding and straightness.". The book Zeng Zi also puts forward a principle of employing people, which has been proved by thousands of years of history: "the king who employs teachers, the hegemony who employs friends, and the death who employs apprentices." And the association of teachers and friends of Oka is indeed worthy of the name, because masaku Oka himself is the highest leader of successive Japanese prime ministers since the post-war Prime Minister Yoshida. Even Prime Minister Nakasone should come and listen to Oka's instruction before he visits the United States. Under the advocation of masaku Ando, Japan's political and economic circles have formed a trend of "those who have reached the goal are teachers, and those who are benevolent are friends". They encourage each other and learn from each other, which has evolved into a cultural and spiritual construction that complements and drives each other with Japan's economic construction. This is a fact that is often ignored by ordinary people who study Japan's economy< Second, the guiding ideology of the unity of justice and benefit<

the idea of the integration of righteousness and profit is the combination of Chinese classical classics and modern business in Japanese business circles, and it is also the guiding ideology followed by Japanese business circles. In the words of shizawa Rongyi, a famous entrepreneur in the Meiji Restoration period and a practitioner of the theory of the integration of righteousness and profit, it is "there is an abacus in the Analects of Confucius", In the abacus, there is the Analects of Confucius' "

about the relationship between righteousness and benefit, there is a clear statement in Da Xue that" virtue is the essence: wealth is the end. " "The Analects of Confucius" also said, "a gentleman's ty is based on his own, and the way of life is based on his own."
no matter indivials or companies are just for profit, they are seeking the end at the expense of the root and can not achieve long-term stability. In the Analects of Confucius, Ankang zheng often quoted the saying that "a gentleman means righteousness and a villain means profit." And "it's a lot of resentment to act on profit." Two sentences to clarify the unity of justice and benefit
western capitalist society tends to be self-interest, hedonism and pursuit of material life, while historical materialism attributes the driving force of historical development to economic factors, which is also a prejudice. Economy and morality, justice and benefit, in fact, the spiritual civilization and material civilization advocated by our country, are harmonious and mutually reinforcing< In the spring and Autumn period and the Warring States period, Guan Zhong said: "after the granary is solid, you know the etiquette; After enough food and clothing, we know honor and disgrace. " The course of economic development in Europe, America, Japan and Southeast Asia also proves this point. When the annual per capita national income reaches 2000 US dollars, there will be a major watershed in economic growth at this time, because as long as it exceeds this level, people's goals will change greatly. At this time, the pursuit of material has reached a certain limit, and the pursuit of spirit is becoming more and more important

Fromm, a famous American psychologist, has also found this phenomenon through a large number of experiments, that is, under certain conditions, the increase and decrease of wages have no effect on the quality of work performance< br />bsp; This is the case in Japan. When the national income reached this level, the number of people from all over the world and local governments coming to Tokyo to strive for factories suddenly decreased. The reason is that people's values and outlook on life have changed, and they no longer consider job opportunities and wages as the most important factors. Therefore, righteousness and profit are indispensable to enterprises

however, not only in Europe and the United States and Japan, but also in China in history, there is a tendency of valuing interests over justice. Japan's Edo era Yamada fanggu pointed out to the point: "a man who is good at controlling the affairs of the world, stands outside the affairs, and does not succumb to within the affairs. Today's financial managers know how to manage money
10. Transaction time: Monday to Friday 9:30 a.m. - 1:15 p.m. Chicago time
project a: Sunday to Thursday 9:00 p.m. - 4:30 a.m. Chicago time
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