In 2017, TOCOM rolled-out numerous initiatives that improved market convenience and grew our market's breadth. In March, we launched the Platinum Rolling Spot contract, which trades without maturity and is similar to the Gold Rolling Spot contract. Retail investors in particular have found the Platinum Rolling Spot contract an appealing investment vehicle and it has quickly become one of the most actively traded contracts at TOCOM.
On December 11, 2017 Cboe Global Markets was the first exchange in the world to list futures based on bitcoin price levels. As of the end of 2017 we have three weeks of trading activity to look at and so far the price action has been interesting. We have experienced backwardation and contango with the relative pricing as well as seeing the distribution of volume and open interest being weighted toward the front month (January) contract.
by Jeff Gilfillan
NYMEX WTI Crude futures front month contract has been developing value between $55 and $62 per barrel since the early November breakout from a multi-year range. In November’s Trading Asia Newsletter I mentioned the trade has the potential to trade up to $62 without needing a supply/demand disrupter. I believe the market is doing just that and has the momentum to shakeout weak intermediate term shorts with a break of the mid 2015 front month high at 62.58.
By Filippo Lecchini
The last few weeks and the start of the New Year quickly reminded everyone that volatility in the markets not only comes as a consequence of human decisions, whether is the Government’s policies, trading activity or innovation, but also follows long term cycles not always as predictable as people wish they were.
By: Lynette Lim
When I was in my 20s and a newbie at investing, a veteran of the financial industry gave me simple but sound advice when I asked about timing stock purchases. He said “Well, I can’t advise you on a particular stock as I didn’t research it. However, if you buy any stock in December and sell in January, you will make money “. He further explained “The markets tend to quiet down during the holidays, and in January when people go back to work, they tend to be optimistic about the future and thus the market goes up”.