Letter from the Co-CEO, Lynette Lim: Victimhood, Bathrooms & Airports
Dear Friends,
Lean Hog futures rallied nearly 75% in front month contracts from late February until last week’s 91.225 intraday high on 04/16. The board filled a daily gap and created a weekly gap at 81.75.
Stock Connect once again proved to be the preferred China access channel for foreign investors. Northbound turnover in the cross-border trading link reached a historic high of RMB 76.3 billion on 8 April 2019, surpassing the record reached just one month ago. Buoyed by China’s equities rally and the prospect of major index inclusions, year-to-date Northbound net buy volume in Stock Connect has exceeded USD 17 billion, more than doubled the amount recorded over the same period last year.
As you get ready for the launch of CME Group’s new smaller-sized futures contracts, find out everything you need to know before they start trading.
Join CME Group’s Dave Lerman for an hour-long introduction to Micro E-mini Equity Index futures at 8 a.m. CT | Thursday, May 2.
In the webinar, Dave will talk about:
Originally coined by the economist Paul McCulley as “shadow banking”, the term refers generically to all non-banking credit activities, from cash to student loans. The size of this market has been consistently expanding for decades and even more prominently since the financial crisis, when new regulations and scrutiny put the banking sector at a growing disadvantage.
Over the past month, the Phillip team went up in the air and on the road. Abroad, we attended the FOW sponsored Trading Amsterdam and hosted our own Trading Asia Symposium in Dubai.