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| | Futures exchange - Wikipedia, the free encyclopedia |
 | | As the exchange is the counterparty to all their trades, they only have to have one margin account. | | | A futures exchange, or futures and options exchange is a corporation or mutual organization which provides the facilities to trade derivatives such as futures contracts and options. | | | Clients hold a margin account with the exchange, and every day the swings in the value of their positions is added to or deducted from their margin account. |
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http://en.wikipedia.org/wiki/Futures_exchange
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| | Futures contract - Wikipedia, the free encyclopedia |
| | Futures traders are traditionally placed in one of two groups: hedgers, who have an interest in the underlying commodity and are seeking to hedge out the risk of price changes; and speculators, who seek to make a profit by predicting market moves and buying a commodity "on paper" for which they have no practical use. | | | In finance, a futures contract is a standardized contract, traded on a futures exchange, to buy or sell a certain underlying instrument at a certain date in the future, at a pre-set price. | | | The forward price represents the expected future value of the underlying discounted at the risk free rate—as any deviation from the theoretical price will afford investors a riskless profit opportunity and should be arbitraged away; see rational pricing of futures. |
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http://en.wikipedia.org/wiki/Futures_contract
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| | WWWFinance - Margin on Futures |
| | Based on historical relationships, an equity amount equal to 5 to 8 times the margin required by the futures exchange results in a standard deviation of return on equity that is of approximately the same as the standard deviation of a typical stock (10% monthly). | | | The buyer in the futures contract has his brokerage account debited for $500, leaving an account equity of $3,500. | | | In the Treasury bond futures example in Table 1, this would mean that the investment should be viewed on April 1 as $67,020 in June Treasury bonds. |
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http://www.duke.edu/~charvey/Classes/ba350_1997/futures/futmargin.htm
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| | Leo Melamed - Essays & Speeches - The Metamorphosis of Futures and Options |
| | These futures contracts had no counterpart in the interbank market (as did their currency forbearers) and therefore, immediately drew dealers from the government securities sector. | | | Futures had become an integral part of risk management and virtually every major bank, financial institution, investment house, brokerage concern, fund, and portfolio manager had to make the connection. | | | Permanent strength for financial futures could be found by establishing first, that financial futures were a necessary tool in modern risk management and second, that they are the consequence of a long evolutionary process. |
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http://www.leomelamed.com/Speeches/85-lndn.htm
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| | Trend Trader Online Trading - Stocks, Options, Futures, Mutual Funds |
| | Chicago Mercantile Exchange Inc.® (CME) is the largest futures exchange in the United States and is the largest futures Clearing House in the world for the trading of futures and options on futures contracts. | | | The Exchange pioneered the development of energy futures and options contracts 26 years ago as means of bringing price transparency and risk management to this vital market. | | | Futures and options on futures contracts provide a way to protect against - and profit from - price changes in financial instruments and physical commodities. |
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http://www.trendtrader.com/Futures_Exchanges.htm
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| | What Is a Futures Exchange? |
| | A futures exchange is the only place where futures and options on futures (which offer the right, but not the obligation, to buy or sell an underlying futures contract at a particular price) can be traded. | | | In addition, most futures exchanges practice intense self-regulation, monitoring their employees and the trading practices that occur in their facilities. | | | Charging for clearing services, if the futures exchanges own their own clearing house, as is the case with CME. |
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http://www.cme.com/edu/course/intro/whtfutrx9699.html
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| | An MBendi Profile: Swaziland Stock Exchange - General Information |
| | Exchange Control approval is required for foreigners wishing to invest on the stock market. | | | Stockbrokers on the Exchange are licensed by the Central Bank of Swaziland and there is no regulation regarding the foreign ownership of brokers. | | | There is a basic stock exchange handling fee of E20 per transaction with brokerage fees on equities on a sliding scale from 1% to 2%: |
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http://www.mbendi.co.za/exsw.htm
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| | Bourse de Montréal - Montréal Exchange: Derivatives Exchange Listing Stock Options and Futures |
| | Conversely, when a futures contract is sold, the investor undertakes to deliver an underlying product on a later date, at a price agreed upon at the time of the contract's sale. | | | Hedging is a practice that allows the use of the futures market to protect a price, allowing reduction of the risk related to price change of a position in the cash market by taking an equal position, but on the opposite side in the futures market. | | | In contracting an agreement on a future price, the farmers were assured of a certain profit or limit their loss. |
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http://www.m-x.ca
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| | Cantor Financial Futures Exchange, Inc. |
| | CFFE Traders would be subject to the jurisdiction of the Exchange and its By-Laws and Rules, and would have to meet various requirements of, and be scrutinized by, NYCE's Committee on Membership, as well as by CFFE's Board of Directors. | | | For instance, the current members of both the MidAmerica Commodity Exchange (which is wholly owned by CBT) and NYFE (which is wholly owned by NYCE) have only trading privileges, and neither governance authority nor equity interests, at their respective exchanges. | | | Although the Division did not request that CFFE take the step of registering Exchange agents, the Division believes that it would be appropriate to do so given the nature of the information to which TOs would have access, and the need to ensure their personal liability for any violations of the Act. |
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http://www.cftc.gov/opa/press98/opacffefinal.htm
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| | Exchange Server Futures |
| | Exchange Server has already come a long way from a simple client-server messaging foundation with version 4.0, to a much more scalable and flexible collaboration tool with release 5.5. | | | The transacted data store which is at the heart of today’s Exchange Server, will be improved significantly in the Platinum release in order to enhance scalability, availability and flexibility. | | | This saw further improvements to the performance and scalability of Exchange Server, increasing backup performance and removing the limit on the size of the message store. |
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http://www.nss.co.uk/Articles/ExchangeServerFutures.htm
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| | An MBendi Profile: Nigerian Stock Exchange - Information |
| | The Securities and Exchange Commission (SEC), the apex government body which regulates the capital market in Nigeria, favours a multiple exchange system, which it views as a better option for attracting investors to cities other than Lagos, the business nerve centre of the country, where capital market activities are concentrated. | | | The market is still an as cash market and therefore settlement for transactions on The Exchange is on "Account settlement's" basis. | | | In turnover terms, a total of 1.9 billion shares worth 12.6 billion naira were traded at the end of November 1998, in contrast to 1.3 billion shares valued at 11 billion naira traded on the exchange over the whole of 1997. |
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http://www.mbendi.co.za/exch/16/p0005.htm
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| | National Futures Association NFA Manual / Rules |
| | A further concern, particularly within the exchange community, was whether a futures association would set standards or impose requirements in conflict with the rules of the exchanges, so that the members of both entities would face incompatible duties. | | | Frequently, the members of a futures association would also belong to one or more exchanges, and all of their futures transactions would pass through the exchanges. | | | The FIA proposal called for the formation of a futures association limited initially to the screening of associated persons, but with the potential eventually to set a wide variety of standards governing the relationship between futures firms and their customers. |
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http://www.nfa.futures.org/nfaManual/entireManual.asp
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| | Bloomberg.com: Asia |
| | The Dalian Commodity Exchange, the only bourse handling soybean, corn and soymeal trades, has completed the design of its soybean oil contract and is ready to apply for regulatory approval, Zhu Lihong, head of research and development at Dalian Commodity Exchange, said in a telephone interview from the northeastern city. | | | Representatives from the country's three futures exchanges joined the country's securities regulators for a two-day annual meeting ended Jan. 7 in Beijing to discuss policies and projects for developing the country's capital markets. | | | His counterpart at Dalian Commodity Exchange, Zhu Lihong, says a soybean oil future and an options contract for existing soybean futures are planned. |
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http://www.bloomberg.com/apps/news?pid=10000080&sid=ahA6HMGOVH0w&refer=asia
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| | Futures Industry Association Expo 2005 |
| | Hundreds of risk management products, trading tools, books and exchange and technology products are presented by more than 100 companies from around the world. | | | This year Expo includes a focus on equity futures and options and risk management. | | | Attendees range from senior staff at brokerage firms and exchanges to floor traders, pension fund managers, corporate treasurers, CTAs and CPOs, and individual investors. |
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http://www.futuresindustry.org/expo2005-2424.asp
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| | Boston.com / Business / Feds approve new U.S. futures exchange |
| | The Chicago Mercantile Exchange, the largest U.S. futures exchange, also will pay a price for any success by Eurex US because it now shares a common clearing platform with the Board of Trade. | | | Eurex officials issued a statement saying they were "more than delighted" with the 3-0 approval vote by the Commodity Futures Trading Commission in Washington and are on plan to launch the Chicago-headquartered exchange this Sunday. | | | That means it will lose clearing volume -- the business of validating, delivering and settling transactions -- if the new exchange takes market share away from the Board of Trade. |
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http://www.boston.com/business/articles/2004/02/04/feds_approve_new_us_futures_exchange?mode=PF
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| | Global Commodity Futures Brokers Trading Services Page |
| | Past performance of commodity brokers is no indication of future results by commodity brokers or other trading advisors. | | | So it makes sense to investigate thoroughly the risks involved and to tap into the brain trust of experienced commodity brokers before you decide whether commodity futures trading is suitable for you in light of your financial circumstances. | | | the types of services commodity futures traders want from commodity brokers such as exchange minimum margins, competitive commissions, and personalized, dependable service. |
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http://www.futuresforyou.com/services.htm
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| | Bursa Malaysia Derivatives : About |
| | The Exchange also falls under the jurisdiction of the Ministry of Finance of Malaysia, thus offering investors the security of trading on a regulated Exchange with similar rules and regulation as the more established markets worldwide. | | | KLOFFE as a financial futures and options exchange offers an efficient price discovery mechanism and a risk transfer capability which has become indispensable to both corporate and individual investors. | | | In catering for increasing risk management needs, the diversity of products traded on Exchanges throughout Asia has expended tremendously and this is ably supported by sophisticated trading and clearing systems equal to the best available in developed countries. |
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http://www.mdex.com.my
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| | Forex Daily - |
| | Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. | | | Tricom Equities Limited and Tricom Futures Services Pty Limited are not authorised to carry on business in any jurisdiction other than Australia. | | | The payment of dividends and the return of capital are not guaranteed. |
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http://www.fxstreet.com/nou/content/110320/content.asp?menu=market
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| | Prediction Markets - Intrade - 2006 Mid Term Elections Trading |
| | Intrade prediction markets and event futures provide clear and accurate forecasts on issues of importance to traders, the media and the public at large. | | | ZERO Trading Fees and Interest paid on cash balances. | | | Prediction Markets and Event Futures allow us aggregate information on future events. |
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http://www.intrade.com
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| | PRESS RELEASE CBOE Futures Exchange Set to Launch New China Index Monday, October 18, 2004 |
| | Futures on the CBOE China Index is the third product to be listed on CFE, joining futures on the CBOE Volatility Index, VIX, and the CBOE SandP 500 Three-Month Variance futures (VT). | | | -- Final settlement price: the final settlement price for CX futures will be a Special Opening Quotation (SOQ) calculated using the first (opening) reported sales price in the primary market of each component security of the index on the settlement date. | | | CFE trades are cleared by the triple-A rated Options Clearing Corporation (OCC). |
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http://www.marketwire.com/mw/release_html_b1?release_id=74292
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| | An MBendi Profile: Botswana Stock Exchange - BSE |
| | During 1997, the Botswana Stock Exchange saw increased investor interest arising from positive economic developments such as the 1997 national budget, cheap share prices and forecasts of average corporate earnings growth of 20%. | | | All listings are included in the only index, the Botswana Share Market Index, which is weighted according to the volume of shares in issue and the current bid price. | | | Repatriation of funds is allowed up to P100m immediately. |
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http://mbendi.co.za/exbo.htm
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| | MONTREAL EXCHANGE: FUTURES TRADING: FUTURES AND OPTIONS ON FUTURES |
| | The CGB contract (10-Year Government of Canada Bond Futures) and the CGZ contract (2-Year Governement of Canada Bond Futures) offer investment opportunities for investors in the fields of portfolio enhancement, arbitrage and can be used as a risk management tool. | | | Index futures are based on the SandP/TSX 60 Index, a constituent index of the SandP Global 1200, and on sectorial SandP/TSX indexes. | | | The ONX (30-Day Overnight Repo Rate Futures) can be used to compute the probabilities of interest rate movements by the Bank of Canada through its monetary policy. |
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http://www.m-x.ca/futures-trading.php
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| | Link Futures Banner Exchange New Members - Finance |
| | Link Futures Exchange, its administrators, partners and sponsors cannot be held liable for any damage or loss of information that may occur from the use of the services of Link Futures Exchange. | | | Members acknowledge that they are not competitors of Link Futures Exchange, and agree not to share this information with any competitors. | | | All members agree to utilize the services of Link Futures Exchange at their own risk. |
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http://www.linkfutures.com/joinbanexch.html
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| | futuresource.com Futures & Commodities Quotes, Charts, News & Analysis |
| | There is a substantial risk of loss in trading futures and options. | | | The initial point is that even though it may appear at times that equities are rising when bond prices are falling... | | | We would like to start things off today by showing the current position of the equity and bond markets and then quickly go over the way this relationship typically works. |
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http://www.futuresource.com
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| | eWEEK: N.Y. Stock Exchange: Trading Futures |
| | These algorithms will be able to generate bids that improve the exchange's best offer price, withdraw a previous bid, supplement bids, execute trades and line up specialist interest in shares at different price points. | | | The NYSE plans to meld electronic trading with its traditional auction system to create a hybrid market that will appeal to split-second traders as well as institutional buyers looking for the pricing stability that a market managed by specialists provides. | | | If an institution wants to sell a holding but has no customer for its stock, the specialist steps in and acts as one. |
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http://www.findarticles.com/p/articles/mi_zdewk/is_200503/ai_n12933586
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| | resources |
| | The Futures and Options Research Center (FORCE) at Duke University's Fuqua School of Business promotes greater understanding of the uses and applications of futures and options contracts as well as the functioning of the markets in which they trade. | | | Futures and Options Guide commodity charts, futures and options end of day quotes, market updates by Anne Burden CTA, and links to relevant sites. | | | Anne Burden's Futures Market Hotline market wrap up with closing prices. |
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http://www.ace.uiuc.edu/ofor/resource.htm
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| | Australian Stock Exchange - Stock Market Information, Stock Quotes - ASX |
| | Both ASX and SFE believe that the merger - which is subject to regulatory approvals, including that of the ACCC and the Federal Treasurer - will be positive for their shareholders, customers and other stakeholders, and for Australia's financial markets in general. | | | ASX operates Australia's primary national stock exchange for equities, derivatives and fixed interest securities. | | | It also provides comprehensive market data and information on the Australian stock market, share prices, announcements and investments. |
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http://www.asx.com.au
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| | Calyon Financial |
| | Calyon Financial Hong Kong Ltd has been approved as an Exchange Participant on the Hong Kong Futures Exchange (HKFE) and as a Clearing Participant with the HKFE Clearing Corporation. | | | Direct membership on this key futures exchange demonstrates Calyon Financial's commitment to strengthening its business efforts in Asia. | | | Calyon Financial Becomes Direct Member on Hong Kong Futures Exchange |
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http://www.carrfutures.com
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| | Global Futures Exchange & Trading Co., Inc. |
| | Global is one of the largest independent introducing brokerage firms offering futures, options and foreign exchange services on all major exchanges around the world. | | | There is a substantial risk of loss in trading futures, options and forex. | | | Home :: About Us :: Legal Disclaimer :: Security Futures Disclosure :: Privacy Policy :: Trademark Notice :: Careers |
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http://www.globalfutures.com
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| | Exchange-Traded Products: ETFs, Futures and Options Based on Russell Indexes (Russell.com) |
| | The Chicago Mercantile Exchange www.cme.com, regulated by the Commodity Futures Trading Commission, brings together buyers and sellers of derivatives products on its trading floors, GLOBEX® electronic trading system, and through privately negotiated transactions. | | | More detailed information on both is available from the respective exchanges or from your broker. | | | Investors should be very familiar with how both the products and trading rules on the respective exchanges operate before investing. |
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http://www.russell.com/US/Indexes/Exchange_Products
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| | Chicago Climate Futures Exchange |
| | The Chicago Climate Futures Exchange Sulfur Financial Instrument futures contracts provides participants in the SO2 emission trading program with low-cost, financially guaranteed tools for managing the exposure to price volatility in the SO2 emission allowance market. | | | In addition to the greenhouse gas reduction and trading program, CCX has established Chicago Climate Futures Exchange (CCFE), a wholly owned subsidiary which currently offers standardized and cleared futures contracts on Sulfur Dioxide emission allowances. | | | The CCFE Market Report is a monthly publication providing information on the SO2 and related energy markets. |
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http://www.chicagoclimatex.com/ccfe.html
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| | Futures Exchange Innovations: Reinforcement versus Cannibalism |
| | Office for Futures and Options Research (OFOR) at the University of Illinois at Urbana-Champaign. | | | "Price volatility and margin requirements in foreign exchange futures markets," Journal of International Money and Finance, Elsevier, vol. | | | Kilcollin, T. Eric & Frankel, Michael E. Futures and options markets: Their new role in Eastern Europe," Journal of Banking & Finance, Elsevier, vol. |
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http://ideas.repec.org/p/wpa/wuwpfi/9905003.html
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| | Euronext derivatives |
| | Information on futures and options for UK private investors | | | We offer a comprehensive range of education courses and workshops covering derivatives in general and the Commodity and Interest Rate asset classes in particular. | | | Now market participants can enjoy the accuracy and flexibility offered by Packs and Bundles at a lower cost. |
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http://www.euronext.com/home_derivatives/0,4810,1732_6391950,00.html
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| | National Futures Association - NFA is a regulatory service provider for the derivatives markets |
| | One of the first things any investor should do before trading futures is conduct a background check on the firms and individuals offering these products. | | | National Futures Association - NFA is a regulatory service provider for the derivatives markets | | | NFA offers a variety of educational resources designed to provide investors with the information they need to make informed trading decisions, including online learning programs, publications and links to other consumer education/protection organizations. |
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http://www.nfa.futures.org
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| | :: SGX. Tomorrow's Market, Today. |
| | Singapore Exchange Ltd (SGX) is seeking public comments on proposed amendments to the CDP and SGX-DC Clearing Rules to provide for the admission of banks as SGX clearing members. | | | SGX is seeking public comment on proposed amendments to the SGX-DT Rules to allow inter-exchange cross margining - where member firms are allowed to grant margin credit in recognition of reduced exposure, to customers who hold risk-offsetting contracts between Singapore Exchange Derivatives Clearing Limited and other clearing houses. | | | SGX is seeking public comment on a proposed framework for the listing of hedge funds on the Exchange. |
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http://www.ses.com.sg
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| | Futures Industry Association Disaster Recovery/ Business Continuity |
| | Exchanges also will be testing with clearing banks and market data vendors. | | | The Securities Industry Association and The Bond Market Association have announced that they also will conduct industry-wide disaster recovery testing for securities and fixed income on the same day. | | | The FIA test is open to all members of the exchanges regardless of membership in the FIA. |
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http://www.futuresindustry.org/disaster-2450.asp
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| | Chicago Climate Exchange |
| | The CCX Market Report is a monthly publication providing information on the carbon market, members and other related news. | | | Chicago Climate Futures Exchange (CCFE) offers cleared and standardized environmental Futures Products. | | | Sulfur Dioxide Futures Contracts are currently being offered. |
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http://www.chicagoclimatex.com
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| | Chicago Board of Trade |
| | The report describes the Exchange’s business strategy, while highlighting its success as a leader within the global financial services industry. | | | The Chicago Board of Trade and Northwestern University School of Continuing Studies are offering several futures related trading courses during the first half of this year.These course offerings include: Special Topics in Trading: Option Volatility, "Greeks" and Pricing, Special Topics in Trading: Technical Analysis for Futures Markets and Basics of Futures and Options. | | | The Chicago Board of Trade’s first annual report as a publicly traded company focuses on the numerous accomplishments of the Exchange in 2005, both from a financial and operational perspective. |
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http://www.cbot.com
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| | The U.S. Idea Futures Exchange |
| | The U.S. Idea Futures Exchange lets you buy and sell contracts in claims whose value reflects traders estimates of certain currently unknown values (e.g. | | | Do you want to speculate on how the U.S. presidential election results will affect the economy, what Microsoft's next quarterly earnings will be, and many other similar issues? | | | It works much like trading, say, pork bellies, on commodity futures markets. |
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http://www.usifex.com
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| | The Iowa Electronic Markets |
| | The Iowa Electronic Markets are real-money futures markets in which contract payoffs depend on economic and political events such as elections. | | | Results from a Dozen Years of Election Futures Markets Research | | | These markets are operated by faculty at the University of Iowa Tippie College of Business as part of our research and teaching mission. |
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http://www.biz.uiowa.edu/iem
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| | Commodity Futures Trading Commission Home Page |
| | Know the industry and the signs of fraud—en Espanol and in English · Ask CFTC · Resources and Advisories for customers and investors · Case Status Reports | | | Broker Registration and Background Information · Basics of Futures Trading | | | Exchanges · Clearing Organizations · Certified Contracts · Approved Contracts · Foreign Futures and Options · Pending Industry Filings · Security Futures Products · Self Certified Rules · Approved Rules |
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http://www.cftc.gov
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| | INO.com Futures, Stocks, FOREX, and Options Quotes |
| | INO Major Futures Price Board - Intraday Prices All Futures | | | Free Trading Course, Email Market Alerts, Futures Prices, Extreme Futures, Extreme Stocks | | | Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options.. |
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http://quotes.ino.com
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| | The Baltic Exchange - Home Page |
| | Our international community of over 500 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic. | | | Baltic Exchange shareholders have overwhelmingly approved changes to the company’s Articles of Association. | | | About Us The Baltic Exchange is the world’s only independent source of maritime market information for the trading and settlement of physical and derivative contracts. |
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http://www.balticexchange.com
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| | SWX Swiss Exchange |
| | Thanks to its technological, operational and regulatory competence, SWX also develops and markets securities exchange services that have helped it to achieve a leading position in select segments of the European capital markets. | | | His formal election to the Board will be accomplished by the General Assembly of the SWX Swiss Exchange Association on 5 May 2006. | | | The SWX Swiss Exchange operates Switzerland's national stock exchange as a customer-oriented provider of securities exchange services. |
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http://www.swx.com
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