What is the settlement date of bitcoin
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity.
1 this question is very important. The foreign exchange market is different from the stock market. It has no exchange and is a discrete global trading mode. The essence of the foreign exchange market is the inter-bank market, that is, the market in which the world's major banks trade with each other. Because the trading volume between them is very large, ordinary investors can not participate in it, so there is a platform business. These platform providers build a bridge between retail investors and the interbank market. When retail investors place an order, they are actually trading with the platform business, and the platform business uses the funds of retail investors to trade with the bank. So, it is the platform that provides you with margin service, and the margin will stay on the platform for the time being. As for the economic line you mentioned, it is actually a secondary agent. They are the agents of platform companies, so they charge more commissions
2 your reasoning is a little complicated, so you should try to use the common measurement standards of foreign exchange instry for calculation. Take Europe and the United States as an example, assuming that the exchange rate is 13000, we call one ten thousandth of the exchange rate 1 point. One hand contract is US $100000. Suppose our account is US $10000 and the margin is 1%. Now we buy a first-hand contract with a margin of $1000. At this time, the margin balance is $9000. If the exchange rate drops by one point, our balance will decrease by 10 US dollars. If the exchange rate drops 900 points, the margin balance becomes zero. These changes are reflected in your account, and they are all immediate
in fact, when the margin balance is close to zero, it is generally about 10 points, that is, about $100, the platform will force you to close the position, that is, the so-called burst position. At this point, you have about $1100 left in your account. In actual transactions, margin is used to prevent sudden major changes in the market price, generally will not be used. Therefore, there is no need to worry about platform providers
however, in order to win customers, the mainstream platforms often adopt more radical methods. When the margin balance is zero, they still keep the position of retail investors and start to lose margin. Take the above example as an example, the margin balance begins to turn negative. For every 1 point decline in the market, the margin decreases by $10. When the margin remains about 10 points, that is, about $100, the platform will forcibly close the position. At this time, the account balance is only about $100, which is a complete burst
I think the above answers your third question at the same time
4 if you buy Canada Japan, platform vendors actually need to use US dollars as a bridge to exchange for two times, so the gap between Canada and Japan is the sum of Canada and the United States and Japan, or even larger. However, as a retail investor, you don't have to think too much about it. It's all the work of the platform Shang Dynasty. You just need to know that if you add one day fluctuation point, 0,1 contract fluctuation is 1 / (0.01 * US Japan exchange rate) US dollars
however, it is worth mentioning that the euro / yen exchange rate in the cross section is quite special, because the trading volume is very large, it is often direct trading, and it does not need to be mediated by the US dollar, so the currency spread is relatively small on many platforms
I hope I can help you.
futures contract is an agreement that the buyer agrees to receive an asset at a specific price after a specified period of time, and the Seller agrees to deliver an asset at a specific price after a specified period of time
the price that both parties agree to use in future trading is called futures price. The specified date on which both parties must conct transactions in the future is called the settlement date or the delivery date. The assets agreed to be exchanged by both parties are called "subject matter"
If an investor takes a position in the market by buying a futures contract (i.e. agreeing to buy on a future date), it is called long position or long in futures. On the contrary, if the position an investor takes is to sell a futures contract (i.e. bear the contract responsibility to sell in the future), he is said to be short or short on the futures<
2. The origin of contract
futures contract refers to the standardized contract formulated by the futures exchange to deliver a certain quantity and quality of goods at a specific time and place in the future. It is the object of futures trading. The participants of futures trading transfer the price risk and obtain the risk return by trading futures contracts in futures exchanges
futures contract is developed on the basis of spot contract and spot forward contract, but the most essential difference between them is the standardization of futures contract terms. In the futures market, the quantity, quality grade and delivery grade of the subject matter, the premium standard of substitutes, delivery place and delivery month of the futures contract are standardized, which makes the futures contract universal
in the futures contract, only the futures price is the only variable, so the open bidding is generated in the trading
3. Contract classification
digital currency contract can be divided into delivery contract and perpetual contract
(1) delivery contract: futures delivery refers to the process in which the trading parties settle the e open position contract by transferring the ownership of the commodity contained in the futures contract when the futures contract expires
(2) perpetual contract: it is a kind of derivative similar to leveraged spot transaction, and it is a digital currency contract proct settled in BTC, usdt and other currencies. Investors can buy long to get the income of the rising price of digital currency, or sell short to get the income of the falling price of digital currency
there are some differences between perpetual contracts and traditional futures: they have no expiration time, so there is no limit on the holding time. In order to keep track of the underlying price index, the perpetual contract ensures that its price closely follows the price of the underlying asset through the mechanism of capital cost.
unlike all currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity.
The delivery date of CME bitcoin futures is the last Friday of the e month, 4:00 p.m. London time. In case of holidays, one day in advance
2. The delivery date of CBOE bitcoin futures is the first two trading days of the third Friday of the maturity month, 2:45 p.m. Chicago time
extended information:
bitcoin trading scam:
1. At the end of October 2013, Hong Kong GBL platform absconded with money, with more than 20 million yuan missing. The program of this trading website is very poor. It doesn't use SSL security protocol, and even the user name is stored in clear text. They don't have some basic programming knowledge. GBL relies on the broker to develop the new customer's "quasi MLM" mode
On October 22, 2013, looking at the market of bitcoin, Mr. Qiao, a citizen of Dongyang, searched GBL company, a bitcoin trading platform, on the Internet, and recharged 90000 yuan to buy and sell bitcoin through a third-party payment. On October 26, 2013, it was found that the staff of the online trading platform were not online, and some normal trading proceres could not be implemented. It was found that the registered address of the company was false after a check, and a total of 90000 yuan was cheated P>3 and Western economists have a lot of worries about the current economic bubble phenomenon of bitcoin. Australian Economist John Quiggin called bitcoin "the purest example of the economic bubble." p>
I asked the person over there, and he told me this:
as soon as the settlement price stops trading for half an hour, we can see that
the expected loosening of stock index futures is accelerating, and it is likely that it will be graally released at the end of the month