Sunday, October 23, 2016

Future(s) Exchanges

The largest

  1. CME Group
  2. Intercontinental Exchange (ICE)
  3. Eurex
  4. National Stock Exchange (NSE)
  5. BM&FBovespa
  6. Moscow Exchange
  7. CBOE Holdings
  8. Nasdaq OMX
  9. Shanghai Futures Exchange
  10. Dalian Commodity Exchange
Image result for cme group

Friday, October 21, 2016


Commodities include everything from zircons to zucchinis but also such seemingly ephemeral stock as Zurich Insurance.

There are some 85 commodities markets. Australia (Oceania) has two: ASX and ABX Global, based in Brisbane and dealing in precious metals

Tuesday, October 18, 2016

Futures so bright

Investopedia provide the following definition
Futures are financial contracts obligating the buyer to purchase an asset or the seller to sell an asset, such as a physical commodity or a financial instrument, at a predetermined future date and price.

BarChart list the 'most active Futures (Ranks futures contracts by the highest Daily Contract Volume)'

S&P 500 E-MiniESZ16 (Dec '16)2,127.00+0.75+0.04%1,834,48810/14/16
10-Year T-NoteZNZ16 (Dec '16)129-265-0-115-0.28%1,190,38210/14/16
5-Year T-NoteZFZ16 (Dec '16)120-265-0-035-0.09%590,58410/14/16
Crude Oil WTICLX16 (Nov '16)50.32-0.12-0.24%495,64210/14/16
Crude Oil WTICLZ16 (Dec '16)50.74-0.11-0.22%335,83810/14/16
T-BondZBZ16 (Dec '16)163-04-1-27-1.12%293,94410/14/16

2-Year T-NoteZTZ16 (Dec '16)109-012+0-002+0.01%262,37210/14/16
CornZCZ16 (Dec '16)354-2+4-6+1.36%260,82810/14/16
EurodollarGEZ16 (Dec '16)99.0650+0.0050+0.01%250,50810/14/16
Nasdaq 100 E-MiniNQZ16 (Dec '16)4,804.25+8.25+0.17%234,80310/14/16

Today's performance leaders (Tuesday 18 October 2016)

Live Cattle+1.59%
Feeder Cattle
Natural Gas
New Zealand Dollar
Crude Oil Brent
ULSD NY Harbor
Mexican Peso
Soybean meal

Monday, October 17, 2016

A Bit Derivative

Derivatives take their value from actual performance, as I can gather. eFinancialNews gives us the best derivatives trading platforms

CME Europe
ICE Futures Europe
London Metal Exchange

Global Finance Magazine lists some familiar names when detailing best derivatives providers.

Goldman Sachs
Deutsche Bank
Credit Suisse
Morgan Stanley
Macquarie Group
BNP Paribas
Standard Chartered
NYSE Euronext

A derivative is defined as
an arrangement or product (such as a future, option, or warrant) whose value derives from and is dependent on the value of an underlying asset, such as a commodity, currency, or security.
Image result for derivatives

Monday, October 10, 2016

Debentures where we sat

To read Australian Securities and Investments Commission site, debentures are a risky proposition. There's an Accounting Management blog that categorises them in similar fashion to other forms of investment yet the emphasis on unsecured and the like, and talk of a pecking order in debentures that get paid (not to mention non-redeemable debentures that only get paid when the company goes into liquidation!)  hardly warms me to them.

eFinance Management tells us  'The debenture classification is based on their tenure, redemption, mode of redemption, convertibility, security, transferability, type of interest rate, coupon rate, etc.'

Redeemable Debentures
Irredeemable (Perpetual) Debentures

Convertible and Non-Convertible Debentures
Fully and Partly Convertible Debentures

Secured (Mortgage) Debentures
Unsecured (Naked) Debentures
First Mortgage Debentures
Second Mortgage Debentures

Registered Debentures
Unregistered (Bearer) Debentures

Fixed Rate Debentures
Floating Rate Debentures

Zero Coupon Debentures
Specific Rate Debentures
Secured Premium Notes/Debentures

Callable Debentures/Bonds
Puttable Debentures/Bonds

Perhaps there's not that much difference, though the focus is on 'debt instruments'

Friday, October 07, 2016

In Securities

Equity Securities
  Depositary Receipts (HDRs)
  Equity Warrants
  Debt Securities
  Investment Companies
  Unit Trusts/Mutual Funds
            Exchange Traded Funds (ETFs)
            Leveraged and Inverse Products (L&I Products)
            Real Estate Investment Trusts (REITs)
            Other Unit Trusts/Mutual Funds
  Structured Products
           Derivative Warrants (DWs)
           Callable Bull/Bear Contracts (CBBCs)
  Trading Only Securities

I want Securities

Image result for securities

Thursday, October 06, 2016

Salaried all about it

Image result for tim cook


Salary package (approx. millions)
Tim Cook$378m
David Simon$137m
Eric Schmidt[est. worth $8.2b]
Larry Ellison$96m
Leslie Moonves$68m
Ronald B. Johnson$53m
Eduardo Cue$53m
David Zaslav$52m
Mark Hurd$51m
Safra Catz$51m