期货模式：你与开发商签订合同，约定1年后以200万买入。无论房价涨到300万还是跌到150万，到期时你必须按200万完成交易（需支付全额房款）。这相 当于锁定价格的双向强制合约。 期权模式：你支付1万元定金，获得1年后以200万买入的权利（而非义务）。若房价涨到220万，你可行使权利赚取20万差价（扣除定金净赚19万）；若房价 跌到180万，则可放弃定金避免更大损失。 这本质是用小额成本购买选择权。 ETF期权与期货本质定义 ETF期权与期货的区别,一文带你看懂！对于初涉金融市场或想要深入了解二者差异的人来说，清晰把握它们之间的区别，还是很重要，假设你看到一套标 价200万的房子，但不确定未来价格涨跌。 此时有两种方式参与交易： ETF期权与期货到期差异——源自：期权圈 （一）ETF 期权 ETF 期权行权方式分为欧式和美式，我国市场上 ETF 期权大多采用欧式行权方式 。欧式期权买方只能在期权到期日当天行权，投资者只需关注到期日当天 ETF 价格与行权价格关系，决定是否行权。美式期权买方在期权到期日及之前任何交易日均可行权。例如，持有欧式沪深 300ETF 认购期权的投资者，只能 在到期日判断是否按行权价格 ...

Swiss derivatives firm Leonteq says it would seek to return excess capital to shareholders by 2027 as part of a strategic revamp, after it posted first-half profit that missed estimates https://t.co/7qbR0WE2ak ...

Core Insights - CME Group is set to launch CME FX Tape+ to enhance price discovery and transparency in the FX market [1][4] - The service will utilize data from over 1,400 institutions and 100,000 active participants, focusing on transparent central limit order book venues [2][8] - FX Tape+ will cover 10 major currencies and provide real-time updates every 250 milliseconds through a WebSocket API [3][4] Company Developments - The initiative positions CME as a trusted financial infrastructure provider and aims to unlock new revenue streams through high-quality market data [4] - CME's shares have gained 19.2% year-to-date, outperforming the industry average of 13.4% [5] Market Context - The launch of FX Tape+ aligns with increasing regulatory demands for transparency in the FX market [4][8] - The service is expected to drive growth in trading volume and encourage wider market participation [4]

Market Overview - In 2025, markets are experiencing high volatility, with NASDAQ and S&P 500 indices reaching all-time highs despite uncertain economic indicators [1][2] - Analysts anticipate clearer monetary and tariff policies in the second half of the year, along with solid earnings reports, particularly in the tech sector driven by AI [2] Company Insights - **CME Group**: - Operates the largest derivatives marketplace, benefiting from increased trading volumes in volatile markets [5] - Stock has risen over 40% in the last 12 months and over 18% in 2025, showing signs of recovery after a pullback [6][7] - **Goldman Sachs**: - A leading global investment bank that thrives in volatile markets, generating revenue from expanded bid-ask spreads and increased trading activity [9][10] - Stock is up 23.8% in 2025, with bullish momentum but potential for a short-term pullback [11] - **MarketAxess**: - Operates an electronic trading platform for corporate bonds, expected to benefit from increased trading volumes as credit market volatility rises [13][14] - Stock is down 1.5% in 2025 but has shown a 3.1% increase in the last three months, indicating a potential breakout [15][16]

CHICAGO, June 24, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced plans to launch FTSE CoreCommodity CRB futures, pending regulatory review.The FTSE CoreCommodity CRB Index provides broad exposure to the global commodities market and tracks a basket of 19 commodities, including energy, agriculture, precious metals and industrial metals contracts."These new financially settled contracts will provide clients with further solutions to manage commodity index price ri ...

2年期国债期货（TS）主力合约跌0.01%，5年期国债期货（TF）主力合约持平，10年期国债期货（T） 主力合约涨0.03%，30年期国债期货（TL）主力合约涨0.22%。 国债期货早盘收盘 ...

E-mini S&P BMV IPC Index futures to be available for trading on August 18CHICAGO, June 17, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced it will launch E-Mini S&P BMV IPC Index futures, pending regulatory review.The S&P BMV IPC Index, Mexico's main equity index, provides broad exposure to the Mexican equity market and tracks the most liquid stocks listed on Bolsa Mexicana de Valores (BMV). "Our E-mini S&P BMV IPC Index futures will offer market participants a ...

国债期货早盘收盘 2年期国债期货（TS）主力合约跌0.01%，5年期国债期货（TF）主力合约涨0.02%，10年期国债期货 （T）主力合约涨0.09%，30年期国债期货（TL）主力合约涨0.32%。 ...

Core Insights - CME Group reported the highest May average daily volume (ADV) on record at 28.9 million contracts, marking an 11% increase year-over-year [1] - The company continues to lead in the derivatives marketplace, offering a wide range of products across various asset classes [1] Volume Highlights - Record May ADV in interest rate products reached 16.2 million contracts [3] - SOFR futures ADV grew by 31% compared to May 2024, totaling 4 million contracts [2][3] - International ADV increased by 15% to 8.7 million contracts, with EMEA ADV up 14% and Asia ADV up 24% [3] Product Performance - Equity Index ADV was 6.6 million contracts, with Micro E-mini Nasdaq 100 futures increasing by 37% to 1.5 million contracts and Micro E-mini S&P 500 futures increasing by 60% to 1.3 million contracts [3] - Energy ADV reached 2.6 million contracts, with record May Energy options ADV of 445,000 contracts [3] - Metals ADV increased by 8%, with record monthly Micro Gold futures ADV of 347,000 contracts [3] - Cryptocurrency ADV surged by 145%, with record monthly Ether futures ADV of 17,000 contracts and Micro Ether futures ADV increasing by 235% to 92,000 contracts [3] Repo and FX Markets - BrokerTec U.S. Repo average daily notional value (ADNV) increased by 28.6% to $352 billion, while European Repo ADNV increased by 3% to €306.7 billion [3] - EBS Spot FX ADNV increased by 27% to $67.8 billion, and FX Link ADV increased by 52% to 43,000 contracts, representing $2.9 billion notional per leg [3] Collateral Balances - Customer average collateral balances for the rolling 3-months ending April 2025 were $97.2 billion for cash collateral and $162.9 billion for non-cash collateral [3]

CHICAGO, June 2, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced record volume and open interest across its battery metals complex. A total of 2,587 contracts were traded across battery metals futures and options on May 29, surpassing the previous record of 2,301 contracts set on February 11, 2025. Combined open interest also reached an all-time high of 64,387 contracts."CME Group is the venue of choice for managing global battery metals risk," said Jin Hennig, M ...