Group 1: Macro Market Trends - The current market shows a significant preference for precious metals, particularly gold, which has maintained its status as a safe-haven asset amid increasing global economic volatility. Gold accounts for 90% of Doo Financial's trading volume, indicating its dominant position in financial asset allocation [3]. - There has been a notable shift in trading volume, with currency pairs now representing only 15% to 20% of total trading volume, down from a 50% share three years ago, reflecting changing investor interests [3]. - Silver is emerging as the "next opportunity," with similar trends to gold but higher volatility and lower entry prices, appealing to investors with risk management capabilities [3]. Group 2: Investor Structure and Education - The financial market is experiencing a significant trend towards a younger investor demographic, primarily driven by the "millennial" generation, while the "Z generation" is emerging as a beginner group in trading [4]. - The entry rules for young investors have been adjusted, lowering the minimum deposit from 5 million Indonesian Rupiah to 1 million Indonesian Rupiah (approximately 100 USD), making it easier for younger investors to participate [6]. - Despite the lower entry threshold, there are concerns about the risks associated with inexperienced young investors engaging in high-leverage trading without proper risk management strategies [6][8]. Group 3: Indonesian Market Outlook - The Indonesian government, under the guidance of OJK, is working to create a local gold ecosystem to compete with surrounding markets and provide better financing support for the mining sector [9]. - Indonesia aims to become a "price maker" in the global market, with ongoing efforts to enhance the local ecosystem to facilitate the establishment of global pricing by local exchanges [9]. Group 4: Doo Group's Role - Doo Group, through its diverse business segments including brokerage, wealth management, payment exchange, and fintech, provides comprehensive support to global investors, addressing the challenges posed by macroeconomic fluctuations and the need for investor education [10][11]. - The company's core philosophy emphasizes a customer-centric approach, technology-driven solutions, and a strong focus on education, aiming to enhance financial literacy and risk awareness among users [13].

Financial Data and Key Metrics Changes - The company reported record net income of $139 million, representing a 63% increase year-over-year, with diluted earnings per share (EPS) of $2.50, up 48% [12][40] - Operating revenues exceeded $1.4 billion, marking a 52% increase compared to the previous year and a 20% increase from the preceding quarter [13] - Net operating revenues increased by 47% year-over-year, driven by strong performance across various segments [20] Business Line Data and Key Metrics Changes - The commercial segment's net operating revenues rose by 65%, with significant growth in listed and OTC derivatives [22] - The institutional segment achieved record net operating revenues and segment income, growing by 86% and 78% respectively, primarily due to increased securities revenues [23] - The self-directed retail segment saw a decline in net operating revenues by 34%, attributed to a significant drop in FX CFD contracts [23] Market Data and Key Metrics Changes - Operating revenues from physical contracts increased by 69% year-over-year, driven by a substantial rise in precious metals revenues [19] - The company experienced a 72% increase in OTC derivatives revenues, reflecting heightened client activity in Brazilian and European markets [18] - Payments revenues decreased by 4% year-over-year but increased by 7% compared to the previous quarter [19] Company Strategy and Development Direction - The company is focused on integrating R.J. O'Brien to enhance cross-selling opportunities and expand its ecosystem [28] - The strategic direction includes deepening market access and expanding product offerings, particularly in new markets such as power and carbon [37] - The company aims to strengthen its global hedging business by enhancing digital capabilities and client engagement [39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capitalizing on current market volatility due to the company's diverse offerings and strong balance sheet [40] - The company noted that while increased volatility benefits its operations, extreme volatility can pose risks to clients, emphasizing the importance of client engagement [56] - Management remains optimistic about the potential for revenue growth from regional banks and the integration of R.J. O'Brien [69] Other Important Information - The company announced a 3-for-2 stock split, which will be effective on March 20, 2026 [27] - The integration of R.J. O'Brien is on track, with successful migration of entities and expected capital release [29] Q&A Session Summary Question: How much of the strength in physical trading came from cross-selling RJO clients? - Management indicated that the strength was primarily driven by heightened interest in precious metals rather than from R.J. O'Brien's traditional client base [43][44] Question: Are cost synergies from the R.J. O'Brien acquisition on track? - Management confirmed that they are still affirming the $50 million synergy target, with some early wins already realized [47][48] Question: What is the outlook for the institutional segment and rate per million? - Management noted that the institutional segment is still in early stages of expansion, with a more normalized rate per million expected moving forward [49][51] Question: How is the health of the customer post-quarter? - Management stated that while they benefit from increased volatility, extreme volatility can stress clients, and they focus on maintaining client liquidity [54][56] Question: What are the near-term cross-sale opportunities from the R.J. O'Brien deal? - Management highlighted ongoing integration efforts and the introduction of new capabilities to R.J. O'Brien clients as key opportunities [58][60]

Financial Data and Key Metrics Changes - CME Group achieved record revenues of $6.5 billion in 2025, a 6% increase compared to 2024, with annual revenue records in five out of six asset classes [11] - Adjusted net income reached $4.1 billion, resulting in a 9% growth in adjusted earnings per share for the year [11] - In Q4 2025, revenue was $1.65 billion, an 8% increase from Q4 2024, with an adjusted operating margin of 67% [12] Business Line Data and Key Metrics Changes - Average daily volume increased by 6% to 2,128.1 million contracts, with record volumes in interest rate, energy, metals, agricultural, and crypto complexes [5] - Market data revenue surpassed $800 million for the first time, up 13% from 2024 [11] - Micro products saw a 59% increase in Q4 to a record 4.4 million contracts per day [8] Market Data and Key Metrics Changes - International business averaged 8.4 million contracts per day, up 8% from the previous record set in 2024 [5] - Average daily margin savings for customers reached $80 billion, an increase of approximately $20 billion over the past year [6] Company Strategy and Development Direction - CME Group is focused on innovation, launching Event Contracts to expand its customer base and provide greater access to markets [8] - The company plans to introduce 24/7 trading for its entire crypto suite and is evaluating whether other asset classes would benefit from 24/7 trading [10] - CME Securities Clearing is set to launch later this year, enhancing capital efficiencies for the industry [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the health of the customer base, noting that open positions are around 125 million and that retail and institutional segments are growing [18][19] - The macro landscape is complex, but CME Group remains focused on providing premier risk management tools [10] - The company is encouraged by strong activity in early 2026, continuing the momentum from a record-setting year [15] Other Important Information - CME Group repurchased $256 million in shares during Q4 and an additional $276 million in 2026 [12] - The board approved the use of OSTTRA proceeds for share repurchases over time [12] - The company expects total adjusted operating expenses to be approximately $1.695 billion in 2026 [14] Q&A Session Summary Question: Health of customer base amid volatility - Management indicated that the customer base is healthy, with open positions and volume increases across all regions, despite raised margin requirements in the metals complex [18][19] Question: Engagement in prediction markets - Management noted strong interest from new individual participants and institutional market makers in prediction markets, indicating a robust pipeline for future engagement [25][26] Question: Pricing changes and market data - Management discussed a 3.5% rack rate increase for market data products and emphasized the importance of subscription revenue growth [35][37] Question: Cross-margining programs and treasury clearing - Management confirmed operational readiness for the CME FICC cross-margining program and discussed the anticipated benefits of treasury clearing for collateral balances [89][94] Question: Tokenized collateral and AI disintermediation risk - Management is exploring tokenized cash initiatives and believes AI will enhance rather than disrupt their data business [82][68]

RT Breakout (@breakoutprop)We looked at the trading data.After a big loss, win rate on the next trade drops to around 20%.Some of that is people YOLOing close to breach.But most of it is simpler: revenge trading.You take a bad loss. You want it back. You take a trade you shouldn't.Now you're down more.Two ways to handle this:1. Size so that no single loss puts you in revenge territory. You should have small wins, big wins, small losses. Big losses are not a valid category.2. If you do take a big hit, step a ...

Core Insights - MarketGauge was founded 25 years ago by former floor traders who became hedge fund managers, bringing over 100 years of combined experience in trading, technology, and education [1] - The company's mission is to provide strategic and actionable information to help investors and advisors achieve their financial goals through educational courses, proprietary trading tools, and quant-based models [1] - MarketGauge emphasizes identifying both major macro trends and emerging trends using proprietary tools and indicators, employing short-term tactics to maximize profits and minimize risk [1] Company Philosophy - The core philosophy of MarketGauge is to trade with a methodical, systematic, and repeatable approach, which they believe is essential for success [1] - The company opposes the passive management and buy-and-hold strategies commonly promoted by many Wall Street analysts, considering them potentially dangerous [1] - All investing models at MarketGauge include track records with daily and weekly updates, ensuring transparency in performance [1] Market Presence - Since its inception, MarketGauge has provided market analytics to major financial institutions such as Barron's and Fidelity, as well as to thousands of individual investors and active traders [1] - The company's insights are featured in various financial platforms, including Benzinga, Stocks and Commodities, TalkMarkets, Investing Shortcuts, AAAII, and Traders Library [1] - CBS MarketWatch has recognized MarketGauge's Twitter feed as one of the top 50 sources to follow for financial information [1] Team Expertise - Each expert at MarketGauge has a specific focus and domain within the company, with their unique skill sets interconnected through shared experience and a commitment to risk management [1] - All experts utilize the same indicators and tools, fostering a cohesive approach to trading and analysis [1]

Good morning everyone. >> I am Davin Kotari, a financial and a money planner, passionate educator. By passion, a soft skill trainer and an investor.I would like to thank TEDex for giving me this opportunity to present my ideas and my thoughts in front of you. Before starting it, let me tell you a small story which made me come in this financial and money market. When I was like 16 to 17 years old, one of my father's best friend, he suddenly expired.Everyone was shocked and when after a few days I asked my f ...

Core Insights - The global equities market has continued to reach record highs, with the S&P 500 increasing by 16% over the past year, primarily driven by mega-cap technology stocks, raising concerns about potential bubbles in AI-related stock valuations [2][3] - The emergence of Principal Trading Firms has transformed the market landscape, as they have become significant liquidity providers, competing directly with banks in various market segments [5][8] - The risks associated with proprietary trading have shifted from regulated banks to non-bank entities, creating new counterparty risks for banks that provide leverage and clearing services to these firms [6][9] Technological Advances - Rapid advancements in technology, including quantum computing and Generative AI, have significantly improved transaction execution speeds, with latency now measured in microseconds and nanoseconds [4][17] - High-frequency trading has evolved with the use of microwave technology, allowing for faster order transmission compared to traditional fiber optic cables [4] Market Dynamics - The regulatory environment post-Global Financial Crisis has led banks to shift from proprietary trading to client-oriented business models, allowing non-bank financial institutions to fill the void [5][6] - Principal Trading Firms have gained prominence, generating trading revenues comparable to major global investment banks, and have become valuable clients for banks despite being competitors [8][9] Risk Management - The reliance on post-trade monitoring and controls poses challenges for banks, especially given the rapid execution speeds of trades, which can lead to significant risks if issues arise [17][20] - Banks must enhance their risk management systems to keep pace with the evolving landscape of Principal Trading Firms and their trading strategies [27][31] Client Due Diligence - There is a need for banks to improve their client onboarding and risk disclosure practices for Principal Trading Firms, as these clients often do not fit traditional risk categorization frameworks [29][30] - Adequate disclosures from Principal Trading Firms are essential for banks to manage their exposures effectively, particularly regarding intraday risks [31][32] Regulatory Focus - The Prudential Regulation Authority (PRA) plans to conduct further assessments of banks' counterparty risk management frameworks, specifically targeting their control of intraday risks [33]

By being able to follow this analysis and draw out these simple repeatable steps, I was able to target this perfect area, let price trade all the way up, and take profit at the perfect place, locking in full profit for the day. All right. So, most of you guys know I'm a day trader.So, one of the first things that I'm doing is checking out what news is going to move the market for the day so that I know what I can expect when I'm positioning myself and placing trades to make profit throughout the day. So, on ...

Core Viewpoint - The analysis maintains a strong buy recommendation for Meta Platforms Inc. (META), emphasizing confidence in the company's advertising capabilities despite recent market rallies [1]. Group 1: Company Performance - The company is recognized for its effective advertising engine, which is believed to drive significant growth and profitability [1]. Group 2: Investment Strategy - The investment approach focuses on identifying high-potential opportunities with a favorable risk-reward ratio, aiming for a minimum upside potential of 3-5 times the downside risk [1]. - Emphasis is placed on leveraging market inefficiencies and contrarian insights to maximize long-term compounding while safeguarding against capital impairment [1]. - A 2-3 year investment horizon is adopted to endure market volatility, highlighting the importance of patience, discipline, and intelligent capital allocation for achieving substantial returns over time [1].

Financial Data and Key Metrics Changes - The company reported a net loss of $2.5 million in Q4 2025, an improvement from a net loss of $18.9 million in Q3 2025, which included a restructuring charge of $7.3 million and additional provision expense of $8.1 million [7] - Loans held for investment decreased by $34.8 million, or 3.5%, in Q4 2025, ending at $963.9 million, with a total annual decrease of $102.7 million, or 9.6% [7] - Deposits increased by $12.5 million, or 1.1%, in Q4 2025, totaling $1.18 billion, with a year-over-year increase of $40.7 million, or 3.6% [8] - Shareholders' equity at quarter end was $87.6 million, down $23.4 million from the end of 2024, and tangible book value decreased to $17.22 per share from $17.90 per share [9] Business Line Data and Key Metrics Changes - The company exited the SBA 7(a) lending business, which has led to a significant reduction in risk and expenses, focusing instead on community banking [2][3] - Treasury management revenues grew by 69% compared to Q4 2024, indicating a positive trend in this business line [3] Market Data and Key Metrics Changes - The company reported that 85% of its deposits were insured by the FDIC as of December 31, 2025, providing a strong safety net for depositors [8] - The liquidity ratio was over 18% at year-end, which supports efforts to reduce high-cost deposits and improve the bank's cost of funds [5] Company Strategy and Development Direction - The company aims to be the premier community bank in Tampa Bay, focusing on organic growth in deposits and enhancing customer service [3] - The strategic plan for 2026 emphasizes fortifying the balance sheet and maintaining a culture of disciplined risk management to drive sustainable revenue growth [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in the legacy SBA 7(a) business but expressed confidence in the community bank's metrics and future growth potential [5] - The company expects a gradual improvement in asset quality as it winds down the SBA loan portfolio and works through problem loans [18] Other Important Information - The provision for credit losses was $2 million in Q4 2025, significantly lower than $10.9 million in Q3 2025, indicating improved credit risk management [12] - Non-interest income was negative $104,000 in Q4 2025, but this was an improvement compared to the previous quarter [10] Q&A Session Summary Question: What is the specific allowance against the $171 million of unguaranteed government loans, and what has been the recent default experience? - The company indicated that about 13% of the $171.6 million in unguaranteed balances is within the allowance for credit losses, with a default rate lower than that [25] Question: What was the peak of the unguaranteed portion before the loan sale? - The unguaranteed portion was about $50.5 million higher at the end of Q3 2025 [28] Question: Can you discuss the growth in deposits and the reduction in deposit costs? - The growth in deposits is attributed to strong relationships with customers, and the overall cost of funds has decreased by approximately 13 basis points sequentially [35][36]