Trade, Hedge & be ahead of the Precious Metals Markets with Gold & Silver Futures. Why it makes sense?
|
|
- Aubrey Carter
- 8 years ago
- Views:
Transcription
1 GOLD & PRECIOUS METALS PRICE OUTLOOK SYMPOSIUM 2015 Trade, Hedge & be ahead of the Precious Metals Markets with Gold & Silver Futures. Why it makes sense? HARRIET HUNNABLE JUNE 2015 CME Group exchanges handle 3 billion contracts, worth approximately $1 quadrillion, annually Benchmark contracts across all major asset classes: interest rates, equity indexes, FX, metals, energy, agricultural 2015 CME Group. All rights reserved. 1 1
2 CME Group Precious Metals Comprehensive, globally-accessible and round-the-clock solutions for the precious metals markets. Benchmark Precious Metals Futures & Options Suite Most extensive and liquid precious metals futures and options markets in the world Globally traded with deep and liquid markets accessible round the clock Daily Notional Value traded exceed $30 billion with aggregate Open Interest levels around 2.5 million contracts Centrally Cleared OTC Offering LBMA Silver Price Market-Leading Trade Reporting Infrastructure Flexible centrally-cleared solutions for the London Gold Forwards market Financial safeguards, post-trade services and deep margin efficiencies available on our U.S. and European Clearing Houses Robust and effective London-based auction platform delivered in partnership with Thomson Reuters Benchmark Services and the LBMA Fully-electronic, auditable price mechanism allowing for growing participation Provides public reporting on cleared, non-cleared, exchange-traded and bilateral swap transactions through our U.S. and European trade reporting platforms Reporting infrastructure fully compliant with relevant regulatory requirements in the U.S. and Europe in all mandated asset classes 2015 CME Group. All rights reserved. 2 CME Group Precious Metals Products CME Group offers the most extensive and liquid precious metals futures and options markets in the world, including the benchmark COMEX gold and silver futures contracts. Metal Group Exchange Contracts Contract Sizes Trading Since Gold COMEX Futures, Options 100oz Gold Futures (benchmark), NEW 1 kg Gold Kilo (32oz), 10oz E-micro Gold 1974 Silver COMEX Futures, Options 5000oz (benchmark), 1000oz 1963 Platinum Group Metals NYMEX Futures, Options 50oz (Platinum), 100oz (Palladium) CME Group. All rights reserved. 3 2
3 Why trade CME Group Precious Metals Futures? Our futures contracts provide a fast, easily accessible and cost-effective way to access the precious metals markets virtually around the clock and from anywhere in the world. Price Transparency and Efficiency: Centralised marketplace where price information is known to all market participants and brings together a wide range of market participants for efficient price discovery. Leverage: Futures offer the ability to trade using performance margin that is a fraction (3 to 12%) of the market value of the product. Flexibility: Market participants have the flexibility to easily trade either side of the market initiating a short position is just as easy as initiating a long position. Accessibility and Deep Liquidity: Our benchmark futures contracts offer deep and highly liquid markets and offer multiple trading venues. Central Counterparty Clearing: CME Clearing is the central counterparty to each and every transaction. Brings capital efficiencies and virtual elimination of counterparty credit risk. Segregated Accounts: Customers funds used to trade futures are held in a segregated account and NOT commingled with the clearing firm s funds. Who trades COMEX Precious Metals products? Commercial Hedgers Hedge Funds, CTAs and Investment Managers Banks Proprietary Trading Firms Active Individual Traders and Arcades Brokers and FCMs 2015 CME Group. All rights reserved. 4 Segregation of Customer Funds 2015 CME Group. All rights reserved. 5 3
4 COMEX Gold and Silver Futures Q Daily Volume Daily Volume Notional Open Interest* % Electronically Traded** Gold Futures 188,000 lots $22 billion 387,000 lots 94% Silver Futures 50,000 lots $4 billion 170,000 lots 96% * Open interest data as of Mar 31, 2015; ** For Q Our gold and silver futures contracts represent deep and liquid markets. Significant liquidity growth in the past five years. The futures contracts trade virtually 24 hours a day CME Group. All rights reserved. 6 Deep and Liquid Markets The liquidity available for our precious metals contracts translates into tight bid-ask spreads and high-quality trade executions that help meet a variety of customers business and risk management objectives. The CME Direct screenshot shows a very liquid market for the flagship COMEX Gold Futures contract as an example. The top of the order book is 1-tick wide ($0.10/oz) for the most active (Aug-15) outright month and the most active spread There is plenty of depth in the book beyond the top level as well for both outrights and calendar spreads COMEX Gold Futures Electronic Order Book on CME Globex (4 th June UK afternoon): 2015 CME Group. All rights reserved. 7 4
5 Round-the-clock Global Access CME Globex is available around the clock and around the world. CME Group delivers services to ensure market continuity and reliability. Our Global Command Centre (GCC) is the market operations and customer service desk for Globex trading and is open 24 hours a day. The NYMEX/COMEX precious metals contracts trade virtually throughout the day except for a 45-minute break between 5:15 pm to 6:00 pm U.S. Eastern Time (10:15 pm to 11:00 pm UK time) CME Group. All rights reserved. 8 How to Begin Trading in our Markets Find a good clearing firm or broker Select a front-end trading application Have a trading plan in place You need to open an account with a clearing firm and registered futures broker, who will maintain your account and guarantee your trades The COMEX precious metals markets are supported by over 50 clearing firms across the world enabling global distribution and easy access to our markets To access CME Globex, a front-end trading application is required. For trades on ClearPort, contact your broker or preferred dealer. CME Group products supported by 50+ front end applications from software vendors You can also use a CME Group-provided solution: CME Direct cmegroup.com/direct Develop a plan to guide your decision-making process for trading or risk management as the case may be Your plan should be based on careful analysis of the nature of the markets you intend to trade and the futures (or options) contract specifications 2015 CME Group. All rights reserved. 9 5
6 New Gold Contract Gold Kilo Futures CME Group recently extended its precious metals offering to provide the global bullion marketplace with opportunities to directly access and trade the Far East gold market. Launched on January 26th, the COMEX-listed and physically-delivered Gold Kilo futures contract provides unprecedented access to trade gold in kilo-sized units. Continuously quoted and traded with tight markets and liquidity accessible across the Asian, European and U.S. hours Less-expensive vehicle for exposure to gold prices. At one-third the size of our full-size flagship gold contract, the GCK requires a smaller initial capital outlay and lower margin requirements Enables precision trading of gold in kilo units for exposure to gold prices and risk management True intraday price transparency across the futures curve for unique arbitrage and spread trading opportunities Simplified Delivery Process enables delivery in 9999 fineness kilo-sized bars at Exchange-approved and regulated facilities in Hong Kong Deep margin offsets and financial safeguards from CME Clearing PRODUCT SYMBOL: GCK (Bloomberg Ticker: KGC; Reuters RIC: GCK) For more information, please visit: CME Group. All rights reserved. 10 Gold Kilo Futures Trading Opportunities The new, smaller Gold Kilo futures contract was designed with smaller traders in mind. The contract not only features much lower margin requirements than the full-size gold contract thereby reducing risk, but also has lower exchange fees. GCK offers spread trading opportunities against gold futures listed on regional exchanges such as Bursa Malaysia in kilo units. COMEX Gold Kilo Futures Daily Volumes since Launch: 2015 CME Group. All rights reserved. 11 6
7 Disclaimer Futures and swaps trading is not suitable for all investors, and involves the risk of loss. Futures and swaps are leveraged investments, and because only a percentage of a contract s value is required to trade, it is possible to lose more than the amount of money initially deposited for a futures and a swap position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyles. And only a portion of those funds should be devoted to any one trade because they cannot expect to profit on every trade. The information and any materials contained in this presentation should not be considered as an offer or solicitation to buy or sell financial instruments, provide financial advice, create a trading platform, facilitate or take deposits or provide any other financial products or financial services of any kind in any jurisdiction. The information contained in this presentation is provided for information purposes only and is not intended to provide, and should not be construed as, advice. It does not take into account your objectives, financial situation or needs. You should obtain appropriate professional advice before acting on or relying on this presentation. The information contained in this presentation is provided as is and without any warranty of any kind, either express or implied. CME Group assumes no responsibility for any errors or omissions. CME Group and 芝 商 所 are trademarks of CME Group Inc. The Globe logo, E-mini, E-micro, Globex, CME and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. ( CME ) CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc. ( CBOT ) ClearPort and NYMEX are trademarks of the New York Mercantile Exchange, Inc. ( NYMEX ) These may not be modified, reproduced, stored in a retrievable system, transmitted, copied, distributed or otherwise used without the written permission of the party owning these materials. Copyright 2014 CME Group and 芝 商 所. All rights reserved CME Group. All rights reserved. 7
Introduction to Metals Futures. Presented by Pete Mulmat and Dan Gramza September 25th, 2014
Introduction to Metals Futures Presented by Pete Mulmat and Dan Gramza September 25th, 2014 Disclaimer Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged
More informationIntroduction of CME Group and Proposed Launch of Physical North American Aluminum Contract. January 13, 2014
Introduction of CME Group and Proposed Launch of Physical North American Aluminum Contract January 13, 2014 Disclaimer Futures trading is not suitable for all investors, and involves the risk of loss.
More informationMonthly Metals Review
METALS June 214 Monthly Metals Review A Global Trading Summary of Metals Markets» Highlights» Futures» Options How the world advances Monthly Metals Review METALS TRADING HIGHLIGHTS June 214 Highlights:
More informationNoble DraKoln. metals products Gold Futures vs. Gold ETFs: Understanding the Differences and Opportunities.
metals products Gold Futures vs. Gold ETFs: Understanding the Differences and Opportunities. Noble DraKoln Founder of Speculator Academy and author of Winning the Trading Game and Trade Like a Pro cmegroup.com/metals
More informationCME FX FUTURES. A Sound Alternative to Cash FX.
CME FX FUTURES A Sound Alternative to Cash FX. CME FX FUTURES A SOUND ALTERNATIVE TO CASH FX With $4.0 trillion traded daily, FX markets represent the largest asset class in the world. CME Group offers
More informationEnergy Products. The energy Marketplace.
Energy Products The energy Marketplace. In a world of increasing volatility, customers around the globe rely on CME Group as their premier source for managing risk across all major asset classes offering
More informationFX FUTURES A Sound Alternative to Cash FX.
FX FUTURES A Sound Alternative to Cash FX. FX FUTURES - A SOUND ALTERNATIVE TO CASH FX With $3.2 trillion traded daily, FX markets represent the largest asset class in the world, but are largely unregulated.
More informationCleared OTC Credit Default Swaps
Cleared OTC Credit Default Swaps Changing the CDS Clearing Landscape Q3 2015 Contents Why CME for CDS Clearing? CDS Margin Model & Benefits Cleared OTC CDS Product Scope Client Clearing Reporting & Tools
More informationCarbon Market Development and Oversight. June 26, 2009 De Ana Dow, Managing Director, CME Group
Carbon Market Development and Oversight June 26, 2009 De Ana Dow, Managing Director, CME Group Contents I. CME Group and the Green Exchange Initiative II. Fundamentals of a Successful Carbon Market III.
More informationCME Group/BM&FBOVESPA
Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment, and because only a percentage of a contract s value is required to trade, it is possible
More informationCME Global Trade Repository Services. January 2016
CME Global Trade Repository Services January 2016 Contents CME Global Trade Repository Services Overview Page 4 Key Regulatory Differences Page 6 Connectivity Page 7 CME Translation Services Page 8 CME
More informationCME Foreign Exchange Products CME FX Futures:
CME Foreign Exchange Products CME FX Futures: Maximizing the Opportunity for Individual Investors CME E-quivalents FX futures displayed in spot equivalent prices free, real-time and online Features include:»
More informationCBOT Precious Metals AN INTRODUCTION TO TRADING CBOT ELECTRONIC GOLD AND SILVER
CBOT Precious Metals AN INTRODUCTION TO TRADING CBOT ELECTRONIC GOLD AND SILVER Introduction The Chicago Board of Trade offers electronic trading on two of the world s most actively traded precious metals
More informationU.S. Treasury Futures and Options
INTEREST RATES U.S. Treasury Futures and Options PLAY AN IMPORTANT ROLE IN THE RISK MANAGEMENT STRATEGIES OF GLOBAL MARKET PARTICIPANTS. Overview U.S. Treasury futures and options provide a wide variety
More informationHow To Understand The Cme Group
The Evolution of the CME Group Electricity Complex Bradford G. Leach Director, Energy Research and Product Development CME Group Harvard Electricity Policy Group Sixty-Sixth Plenary Session March 9, 2012
More informationCME Globex. The world s leading electronic trading platform
CME Globex The world s leading electronic trading platform Global Leadership in the Financial Marketplace CME Group is an entity formed by the merger of CME and CBOT. We bring more than 250 years of expertise
More informationHedging Foreign Exchange Rate Risk with CME FX Futures Canadian Dollar vs. U.S. Dollar
Hedging Foreign Exchange Rate Risk with CME FX Futures Canadian Dollar vs. U.S. Dollar CME FX futures provide agricultural producers with the liquid, efficient tools to hedge against exchange rate risk
More informationCOMEX ON CME GLOBEX GOLD SILVER COPPER ALUMINUM PLATINUM PALLADIUM ZINC
COMEX ON CME GLOBEX GOLD SILVER COPPER ALUMINUM PLATINUM PALLADIUM ZINC COMEX ON CME GLOBEX A major expansion of the precious and base metals futures markets on the New York Mercantile Exchange, Inc. makes
More informationIntroduction to Weather Markets. Charles Piszczor
Introduction to Weather Markets Charles Piszczor March 22, 2012 Basic Overview Types of Weather Products Settlement Procedures Margining 2 CME Alternative Investments Weather Hurricane Rainfall, Snowfall
More informationCME Group Equity Quarterly Roll Analyzer
CME Group Equity Quarterly Roll Analyzer Guide to getting started How the world advances Each quarter during the roll period, CME Group s Equity Quarterly Roll Analyzer is populated with the current futures
More informationCME Margin Services. Security. Neutrality. Transparency. February, 2014
CME Margin Services Security. Neutrality. Transparency. February, 2014 CME Margin Services Overview Tools for calculating initial margin and optimizing portfolio risk across all CME Group Products Simple
More informationmetals products Options Strategy Guide for Metals Products
metals products Options Guide for Metals Products As the world s largest and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges CME, CBOT, NYMEX
More informationSwap Rate Curve Strategies with Deliverable Interest Rate Swap Futures
Swap Rate Curve Strategies with Deliverable Interest Rate Swap By James Boudreault, CFA Research & Product Development Table of Contents I. Introduction II. Swap Curve: Level, Slope, and Shape III. Trading
More informationSector Rotation Strategies
EQUITY INDEXES Sector Rotation Strategies APRIL 16, 2014 Financial Research & Product Development CME Group E-mini S&P Select Sector Stock Index futures (Select Sector futures) provide investors with a
More informationMaster Class Session Hedging Bullion Price Exposure using Options
Master Class Session Hedging Bullion Price Exposure using Options 9th India International Gold Convention Hyderabad, India August 24, 2012 Anindya A. Boral Director Metals Products About CME Group World
More informationPFL Symposium: CME Group. Alex Siff Bryanne Matthews
PFL Symposium: CME Group Alex Siff Bryanne Matthews October 15, 2009 Three Legacies, One Future Chicago Mercantile Exchange, Inc. ( CME ) Board of Trade of the City of Chicago ( CBOT ) New York Mercantile
More informationAsset Management CUSIP Acceptability Requests CME Enhancements Guide 1/24/14
Asset Management CUSIP Acceptability Requests CME Enhancements Guide 1/24/14 Disclaimer Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment,
More informationCreating Forward-Starting Swaps with DSFs
INTEREST RATES Creating -Starting Swaps with s JULY 23, 2013 John W. Labuszewski Managing Director Research & Product Development 312-466-7469 jlab@cmegroup.com CME Group introduced its Deliverable Swap
More informationComparing E-minis and ETFs
STOCK INDEXES Comparing E-minis and ETFs SEPTEMBER 15, 2012 John W. Labuszewski Managing Director Research & Product Development 312-466-7469 jlab@cmegroup.com CME Group E-mini stock index futures and
More informationAn Introduction to. CME Foreign Exchange Products
An Introduction to CME Foreign Exchange Products What Are Futures and Options? Futures contracts are standardized, legally binding agreements to buy or sell a specific product or financial instrument in
More informationHedging Borrowing Costs with Eurodollar Futures
Hedging Borrowing Costs with Eurodollar Futures DTN/The Progressive Farmer 2010 Ag Summit December 9, 2010 James Boudreault, CFA Financial Research & Product Development CME Group Agenda 1. Introduction
More informationDeliverable Swap Futures. Pricing & Analysis on Bloomberg
Deliverable Swap Futures Pricing & Analysis on Bloomberg Contract Description (DES) View contract descriptions including () notional coupon rates, () current contract value and () price histories via DES
More informationMonthly Energy Review
ENERGY March 215 Monthly Energy Review A Global Trading Summary of Energy Markets Highlights Futures Options How the world advances Monthly Energy Review ENERGY TRADING HIGHLIGHTS March 215 Average daily
More informationCME Direct 10.3 Enhancements Guide 10/16/15
10.3 Enhancements Guide 10/16/15 Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment, and because only a percentage of a contract s value
More informationSummary of Requirements for CME, CBOT, NYMEX and COMEX Clearing Membership And OTC Derivatives Clearing Membership. January 2016
Summary of Requirements for CME, CBOT, NYMEX and COMEX Clearing Membership And OTC Derivatives Clearing Membership CME Clearing ( Clearing House ) is the clearing house division of Chicago Mercantile Exchange
More informationJanuary 2015. Monthly FX Review. A Global Trading Summary of FX Futures and Options Highlights Trends Outlook. h l i g h t s F u t u r e s
h l i g h t s F u t u r e s January 2015 Monthly FX Review A Global Trading Summary of FX Futures and Options Highlights Trends Outlook HIGHLIGHTS & MILESTONES FX Review January 2015 CME FX Futures Volume
More informationCOMMODITIES. CBOT Soybeans vs. DCE Soybean Meal and Soybean Oil Crush Spread
COMMODITIES CBOT vs. DCE and Soybean Oil Spread JULY 2015 CBOT SOYBEANS VS. DCE SOYBEAN MEAL AND SOYBEAN OIL CRUSH SPREAD A key component in the soybean market is what is known as the crush spread. are
More informationMonthly Energy Review
ENERGY July 215 Monthly Energy Review A Global Trading Summary of Energy Markets Highlights Futures Options How the world advances Monthly Energy Review ENERGY TRADING HIGHLIGHTS July 215 Average daily
More informationDerivatives Market Landscape
Derivatives Market Landscape Spring 2014 MAY 23, 2013 Lori Aldinger Manager Research & Product Development 312-930-2337 lori.aldinger@cmegroup.com John W. Labuszewski Managing Director Research & Product
More informationUser Manual. Enterprise Reporting Portal (EREP) User Manual. October 2010. Global Operations Education
User Manual Enterprise Reporting Portal (EREP) User Manual October 2010 Global Operations Education What is Enterprise Reporting Portal (EREP)? Enterprise Reporting Portal (EREP) is browser-based tool
More informationComparing E-minis and ETFs. John W. Labuszewski, Research and Product Development Brett Vietmeier, Equity Products April 2009
RESEARCH AND product DEVELOPMENT Comparing E-minis and ETFs John W. Labuszewski, Research and Product Development Brett Vietmeier, Equity Products April 2009 13,000 cmegroup.com 12,000 10,000 9,000 8,000
More informationFEE SCHEDULE & TIER DISCOUNTS
International Cross Asset Volume Incentive Program (IVIP) Questions & Answers January 2015 1. What is the International Cross Asset Volume Incentive Program (IVIP)? IVIP enables trading arcades located
More informationNYSE Liffe U.S. Gold and Silver Futures Contracts. Overview April 2011
NYSE Liffe U.S. Gold and Silver Futures Contracts Overview April 2011 NYSE Liffe U.S. The U.S. based futures exchange of NYSE Euronext Launched in September 2008 Multi asset class platform Precious metals
More informationASX 3 and 10 Year Treasury Bonds Futures and Options
ASX 3 and 10 Year Treasury Bonds Futures and Options Interest Rate Markets Fact Sheet ASX s 3 and 10 Year Treasury Bond Futures and Options are the benchmark derivative products for investors trading and
More informationa. CME Has Conducted an Initial Review of Detailed Trading Records
TESTIMONY OF TERRENCE A. DUFFY EXECUTIVE CHAIRMAN CME GROUP INC. BEFORE THE Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises of the HOUSE COMMITTEE ON FINANCIAL SERVICES
More informationGrain and Oilseed Futures and Options
commodity products Grain and Oilseed Futures and Options The global benchmark products you already trade. Now with the power of CME Group. Overview Grains and Oilseeds are renewable resources with continuously
More informationCME Datamine TM EOD FAQ 8/26/2013
CME Datamine TM EOD FAQ 8/26/2013 Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment, and because only a percentage of a contract s value
More informationSettlement System User Manual
Settlement System User Manual November 2011 Global Operations Education Overview The Settlement System allows member firms to view Settlement Information by Origin and Settlement Account. There are two
More informationIntroduction to Equity Derivatives on Nasdaq Dubai NOT TO BE DISTRIUTED TO THIRD PARTIES WITHOUT NASDAQ DUBAI S WRITTEN CONSENT
Introduction to Equity Derivatives on Nasdaq Dubai NOT TO BE DISTRIUTED TO THIRD PARTIES WITHOUT NASDAQ DUBAI S WRITTEN CONSENT CONTENTS An Exchange with Credentials (Page 3) Introduction to Derivatives»
More informationHow To Trade Currency On Fxpro
White Label Lite Partners Partnerships you can depend on There s more than one way to profit from forex. At FxPro we ve made it our business to offer clients and partners every opportunity to benefit from
More informationComparing E-minis and ETFs
RESEARCH AND product DEVELOPMENT Comparing E-minis and ETFs John W. Labuszewski, Research and Product Development Brett Vietmeier, Equity Products April 2009 13,000 cmegroup.com 12,000 1 10,000 9,000 8,000
More informationThe New Environment and Financial Risk Management
Interest Rate products The New Environment and Financial Risk Management Interest Rate Futures for the Corporate Treasurer By Marcus Katz, Director, Interest Rate Products and Services cmegroup.com This
More informationHEDGE FUND PORTFOLIO MANAGEMENT FRONT ARENA
HEDGE FUND PORTFOLIO MANAGEMENT FRONT ARENA FRONT ARENA FOR HEDGE FUNDS REAL TIME PORTFOLIO AND RISK MANAGEMENT The pressure has never been higher to find software solutions able to adapt to the changing
More informationMechanics of the Futures Market. Andrew Wilkinson
Mechanics of the Futures Market Andrew Wilkinson Risk Disclosure Options and Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading
More informationTHOMSON REUTERS DATASTREAM UNITED STATES: COMMODITY FUTURES TRADING COMMISION REPORTS
THOMSON REUTERS DATASTREAM UNITED STATES: COMMODITY FUTURES TRADING COMMISION REPORTS CONTENTS BACKGROUND... 3 COMMITMENTS OF TRADERS REPORTS... 4 DISAGGREGATED REPORT... 4 Producer / Merchant / Processor
More informationCorporate and Investment Banking. Standard Bank Africa Commodity Index Exchange Traded Note
Corporate and Investment Banking Standard Bank Africa Commodity Index Exchange Traded Note Introduction to Commodities as an Asset Class 2 The Standard Bank Africa Commodity Index 4 Standard Bank s Blue
More informationNote on New Products in F&O Segment. 2. Options Contracts with Longer Life/Tenure. 6. Exchange-traded Currency (Foreign Exchange) F&O Contracts
Note on New Products in F&O Segment Contents 1. Mini Contracts in Equity Indices 2. Options Contracts with Longer Life/Tenure 3. Volatility Index and F&O Contracts 4. Options on Futures 5. Bond Index and
More informationFee Summary Guide Proprietary Trading Firms
Fee Summary Guide Proprietary Trading Firms Fees effective as of February 1, 2015 Fee Summary Guide As the world s leading and most diverse derivatives marketplace, CME Group is where the world comes to
More informationHow To Trade Futures
CME GROUP EDUCATION A Trader s Guide to Futures Thought Leadership with a Global Perspective How the world advances cmegroup.com/education TABLE OF CONTENTS SECTION 1 What Are Futures? 4 SECTION 2 Who
More informationNewGold and NewPlat Exchange Traded Funds. Corporate and Investment Banking
NewGold and NewPlat Exchange Traded Funds Corporate and Investment Banking ETFs an introduction What are ETFs? An exchange-traded fund (or ETF) is an investment vehicle traded on a stock exchange, much
More informationIntroductory Guide to RMB Currency Futures
Introductory Guide to RMB Currency Futures RMB Internationalisation The opening up of Mainland China now is creating more and more business opportunities. China is the second largest economy and a major
More informationQuarterly Interest Rate Review
INTEREST RATES Second Quarter 2015 Quarterly Interest Rate Review A Global Trading Summary of Interest Rate Futures, Options and OTC Products»» Highlights»» Quarterly Outlook»» Product Overview How the
More informationThe foreign exchange market is global, and it is conducted over-the-counter (OTC)
FOREIGN EXCHANGE BASICS TERMS USED IN FOREX TRADING: The foreign exchange market is global, and it is conducted over-the-counter (OTC) through the use of electronic trading platforms, or by telephone through
More informationPartnerships you can depend on
Introducers Partnerships you can depend on There s more than one way to profit from forex. At FxPro we ve made it our business to offer clients and partners every opportunity to benefit from the world
More informationFutures Basics & Essentials: The Beginners Guide to Trading Gold Futures INDEPENDENT. OBJECTIVE. RELIABLE.
INDEPENDENT. OBJECTIVE. RELIABLE. About the ebook Creator Drew Rathgeber is a senior market strategist at Daniels Trading. He has been heavily involved in numerous facets of the Gold community for nearly
More informationJuly 22, 2010 Page 1 of 5
Page 1 of 5 On November 30, 2009, the Commodity Futures Trading Commission (CFTC) approved Variable Storage Rates (VSR) in CBOT Wheat futures contracts beginning with the July 2010 contract expiration.
More informationYour Guide to Getting Started
CREDIT DEFAULT SWAPS Your Guide to Getting Started Clearing OTC Credit Default Swaps Overview This easy-to-follow guide clearly outlines everything you need to start clearing OTC Credit Default Swaps (CDS)
More informationCME Commodity Products. Trading Options on CME Random Length Lumber Futures
CME Commodity Products Trading Options on CME Random Length Lumber Futures Global Leadership in the Financial Marketplace CME is the largest and most diverse financial exchange in the world for trading
More informationCommodities. Precious metals as an asset class. April 2011. What qualifies as an asset class? What makes commodities an asset class?
Commodities Precious metals as an asset class April 2011 What qualifies as an asset class? Broadly speaking, an asset class is simply a grouping of assets that possess similar characteristics. Defining
More informationGold Exposed: Spot Gold versus Gold Futures 1.800.800.3840
1.800.800.3840 2 Investing in Gold can be a daunting task, especially for the new trader. What I ve created is a simple guide to help anyone considering trading Gold. I was just like you when I got started,
More informationADS Securities interbank access and etrading opportunities for Russia October 2014
ADS Securities interbank access and etrading opportunities for Russia October 2014 Presentation for second UAE - Russia investment roadshow Abu Dhabi, UAE 29 October 2014 by Valery Bartashevich, senior
More informationKERFORD INVESTMENTS (UK) LTD Authorised and Regulated by the Financial Conduct Authority (FCA)
KERFORD INVESTMENTS (UK) LTD. Authorised and Regulated by the Financial Conduct Authority (FCA) Registered Office: 43-45 Dorset Street, London W1U 7NA Administration Office: 14 Basil Street, London SW3
More informationDerivatives Market Trading Division July 2012. Understanding RMB Currency Futures Contract (USD/CNH)
Derivatives Market Trading Division July 2012 Understanding RMB Currency Futures Contract (USD/CNH) Part A Trading Arrangements Table of Contents 1 Key Milestones of Development of Offshore RMB market
More informationTraiana: Business & Product Overview. Gil Mandelzis - CEO, Traiana Inc. February 2012
Traiana: Business & Product Overview Gil Mandelzis - CEO, Traiana Inc. February 2012 Traiana Background Market leader in post trade, pre-settlement FX, Exchange Traded Derivatives (ETDs), CFDs/Equity Swaps,
More informationFX OPTIONS TRADER HANDBOOK. Understanding the relationship between CME FX Options on Futures and OTC Options.
FX OPTIONS TRADER HANDBOOK Understanding the relationship between CME FX Options on Futures and OTC Options. cmegroup.com/fx As the world s leading and most diverse derivatives marketplace, CME Group (cmegroup.com)
More informationTrading in Treasury Bond Futures Contracts and Bonds in Australia
Trading in Treasury Bond Futures Contracts and Bonds in Australia Belinda Cheung* Treasury bond futures are a key financial product in Australia, with turnover in Treasury bond futures contracts significantly
More informationIntroduction to Eris Exchange Interest Rate Swap Futures
Introduction to Eris Exchange Interest Rate Swap Futures Overview Eris Exchange interest rate swap futures ( Eris contracts ) have been designed to replicate the net cash flows associated with plain-vanilla,
More informationMonthly Stock Index Review
EQUITY INDEX MAY 2014 Monthly Stock Index Review A Global Trading Summary of Stock Index Futures and Options» Highlights» Stats At-a-Glance» ADVs» 20-Day Historical Volatilities» Index Sector Weightings»
More informationUnderstanding sector spreading opportunities
EQUITY Understanding sector spreading opportunities E-mini S&P Select Sector Index May 23, 2011 How the world advances Understanding sector spreading opportunities E-mini S&P Select Sector Index CME Group
More informationFutures Contract Introduction
Futures Contract Introduction 1 The first futures exchange market was the Dojima Rice exchange in Japan in the 1730s, to meet the needs of samurai who being paid in rice and after a series of bad harvests
More informationFTS Real Time System Project: Stock Index Futures
FTS Real Time System Project: Stock Index Futures Question: How are stock index futures traded? In a recent Barron s article (September 20, 2010) titled Futures Are the New Options it was noted that there
More informationELECTRONIC TRADING GLOSSARY
ELECTRONIC TRADING GLOSSARY Algorithms: A series of specific steps used to complete a task. Many firms use them to execute trades with computers. Algorithmic Trading: The practice of using computer software
More informationTitle VII: Derivatives (Wall Street Transparency and Accountability Act of 2010)
Title VII: Derivatives (Wall Street Transparency and Accountability Act of 2010) Summary: Regulates the previously unregulated, over-the-counter (OTC) derivatives market Requires registration of swap dealers,
More informationCommodities Case Study
Commodities Case Study MANAGING AUSTRALIAN WHEAT PRICE RISK WITH KC HRW WHEAT OPTIONS MAY 27, 2014 ASIA RESEARCH TEAM CME GROUP IN COLLABORATION WITH: DR JOHN WILLIAMS, EXECUTIVE DIRECTOR AUSTRALIAN COMMODITY
More informationCurrency Trading Opportunities at DGCX
Currency Trading Opportunities at DGCX About DGCX Region s 1 st and largest derivatives exchange Commenced trading in November 2005 Since launch over 6.8 million contracts traded with a value in excess
More informationLeading Liquidity providers for ETFs and ETCs
I N T E G R I T Y I N S I G H T I N N O V AT I O N Leading Liquidity providers for ETFs and ETCs E V O L U T I O N O F B L U E F I N 2001 2002 2004 2007 2009 2015 Bluefin Europe is based in London. We
More informationfor trading options on CME Group futures
25 for trading options on CME Group futures WORLD OF OPTIONS ON SINGLE POWERFUL PLTFORM. With nearly 3 billion contracts worth approximately $1 quadrillion in notional value traded in 2012, CME Group
More informationEASY ACTIVE TRADE. Commodities Trading Platform
Commodities Trading Platform Overview Easy Active Trade has been specifically designed to enhance our customers electronic trading capability in futures, options and commodities. Functionally rich and
More informationCME Interest Rate Products. CME Eurodollar Options on Futures
CME Interest Rate Products CME Eurodollar Options on Futures Global Leadership in the Financial Marketplace CME is the largest and most diverse financial futures and options exchange in the world handling
More informationP R O F E S S I O N A L R E S P E C T I N T E G R I T Y D Y N A M I C E X C E L L E N C E BMD CRUDE PALM OIL FUTURES
P R O F E S S I O N A L R E S P E C T I N T E G R I T Y D Y N A M I C E X C E L L E N C E BMD CRUDE PALM OIL FUTURES Advantage & Opportunities A BRIEF HISTORY CPO futures launched since October 1980 by
More informationRedefining the way the world trades physical bullion
Redefining the way the world trades physical bullion Offering direct electronic access to the global physical bullion market www.abx.com ABX - An Alternative Global Marketplace The Allocated Bullion Exchange
More informationCME Alternative Investment Products. An Introduction to CME Weather Products
CME Alternative Investment Products An Introduction to CME Weather Products Global Leadership in the Financial Marketplace CME is the largest and most diverse financial exchange in the world for trading
More informationDelivering the London Gold Price. Presentation to the LBMA 24 October 2014
Delivering the London Gold Price Presentation to the LBMA 24 October 2014 LME s eight differentiating elements Comprehensive currency support Bespoke technology solution (LMEbullion) Expedited pathway
More informationBrief Overview of Futures and Options in Risk Management
Brief Overview of Futures and Options in Risk Management Basic Definitions: Derivative Security: A security whose value depends on the worth of other basic underlying variables. E.G. Futures, Options,
More informationJuly 2010. Chart 1: World Edible Oil Production
Agricultural Products An Overview of the Edible Oil Markets: Crude Palm Oil vs Soybean Oil July 2010 Edible vegetable oils are some of the most crucial cooking ingredients in the world. In addition, edible
More informationCME Clearing Firm Contact System (FCS) User Manual. March 2012 Global Operations Education
CME Clearing Firm Contact System (FCS) User Manual March 2012 Global Operations Education Introduction to CME Group Firm Contact System CME Group Firm Contact System (FCS) is a contact management tool
More informationSMART Click User Manual 9/18/2015
User Manual 9/18/2015 Disclaimer Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment, and because only a percentage of a contract s value
More informationFIXML Settlement Price File Credit Default Swaps (CDS) Message Samples. Version: 1.2 6/14/13
FIXML Settlement Price File Credit Default Swaps (CDS) Message Samples Version: 1.2 6/14/13 Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment,
More informationETFs for private investors
ETFs for private investors Simple products. Sophisticated strategies. ETFs Exchange Traded Funds (ETFs) are instruments which track an index. Indices can be country or region specific and based on emerging
More informationBecoming a CBOT Member. Introduction of the Trading Member Firm. April 11, 2006
Becoming a CBOT Member Introduction of the Trading Member Firm April 11, 2006 Contents 1. Background 2. Statement of Objectives 3. Creating Opportunities 4. Introduction of the Trading Member Firm category
More information