Group 1 - The US stock market will be closed on November 27 due to the Thanksgiving holiday [1] - Trading for Brent crude oil futures on the Intercontinental Exchange (ICE) will end early at 02:30 Beijing time on the following day [1] - The Chicago Mercantile Exchange (CME) will also have early closures for precious metals and US crude oil contracts, ending at 03:30 Beijing time [1] Group 2 - On November 28, the US stock market will close three hours early at 02:00 Beijing time [1] - Brent crude oil futures trading on ICE will conclude at 03:00 Beijing time [1] - CME will have early closures for precious metals and US crude oil contracts at 02:45 Beijing time, and the US Treasury market will close at 03:30 Beijing time [1]

Robinhood Markets (HOOD) and Susquehanna International Group acquired a 90% stake in a regulated exchange LedgerX run by ​Miami International (MIAX), aiming to expand their presence in the growing prediction markets sector. LedgerX is was a part of now-defunct ...

Group 1 - Wall Street macro traders are on track for their best performance since 2009, driven by clients betting on global central bank interest rate policy shifts [1] - Major financial institutions like Goldman Sachs, JPMorgan, and Citigroup are expected to generate $165 billion in revenue from fixed income, credit, and commodity trading, a 10% increase from 2024 [1] - The income from G10 interest rate businesses is projected to reach $40 billion, marking a five-year high [1] Group 2 - Emerging market macro traders are expected to achieve their largest revenue of $35 billion in 20 years, while credit traders anticipate $27 billion and commodity traders $11 billion [2] - The average bonus pool for FICC is expected to grow by about 3%, with interest rate traders seeing a 7% increase [2] - Stock traders are projected to have a 14% higher bonus than last year, benefiting from a surge in AI stock investments [2] Group 3 - Nomura's interest rate business is benefiting from the Bank of Japan's interest rate hikes, despite the Federal Reserve and European Central Bank cutting rates [3] - Nomura is focusing on helping Asian clients invest more easily in Western interest rate markets and utilizing interest rate derivatives for hedging [3]

Core Insights - Bitget, the world's largest universal exchange (UEX), has achieved a significant milestone with its stock futures product line, surpassing a cumulative trading volume of $5 billion, just a week after crossing the $3 billion mark, indicating a rapid increase in demand for tokenized stock futures [2] - The surge in trading activity aligns with the strong performance of the U.S. stock market, driven by AI-led growth, record Q3 earnings, and renewed investor interest in tech giants [2] - The top traded stock futures on Bitget include MicroStrategy (MSTR) at $1.4 billion, Tesla (TSLA) at $1 billion, and Apple (AAPL) at $472 million, reflecting strong market demand for both cryptocurrencies and established tech companies [2] Product Offering and Promotions - Bitget has launched over 30 USDT-margined perpetual futures contracts linked to top U.S. stocks, offering up to 25x leverage and a competitive trading fee of 0.0065% [3] - To enhance the adoption of tokenized stocks, Bitget is offering a limited-time promotion that reduces trading fees by 90% on all stock futures until January 31, providing users with a cost-effective way to trade quality stocks [3] - The rapid growth of Bitget's stock futures business supports its vision of enabling seamless transitions between crypto-native products and traditional financial markets on a single platform [3] Company Background - Established in 2018, Bitget serves over 120 million users, providing access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets [4] - The ecosystem aims to facilitate smarter trading through AI-driven tools and cross-chain interoperability across Bitcoin, Ethereum, Solana, and BNB Chain, while also expanding access to real-world assets [4] - Bitget Wallet is designed to simplify and secure cryptocurrency transactions, integrating blockchain with everyday financial activities, currently serving over 80 million users [4] Strategic Partnerships - Bitget is promoting cryptocurrency adoption through strategic partnerships, including being the official cryptocurrency partner of La Liga in East Asia, Southeast Asia, and Latin America [5] - The company has partnered with UNICEF to provide blockchain education support to 1.1 million people by 2027 as part of its global influence strategy [5] - In the motorsport sector, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the most exciting racing events globally [5]

Core Insights - THPX signal source leverages advanced AI technology to analyze the dynamics of the WTIBTC market, providing reliable signals for traders, thereby enhancing trading confidence and aiding informed decision-making in volatile markets [1][3][5] Group 1: AI Signal Advantages - The core of THPX signal source lies in its sophisticated AI algorithm design, trained on extensive historical data to identify potential patterns in the WTIBTC market, focusing on capturing subtle trend changes without subjective judgment [3] - AI signals reduce the risk of human error by providing robust reference points for traders, allowing for quick interpretation of significant market events and generating instant alerts [3][5] - The automation of predictions enhances operational efficiency, enabling traders to act based on reliable signals rather than guesswork, thus improving psychological stability in competitive environments [3][5] Group 2: Impact on Trader Psychology - AI signals buffer emotional factors in trading, particularly in volatile assets like WTIBTC, helping traders maintain a rational mindset by providing objective data outputs [5] - The signal source offers warnings during trend confirmation phases, preventing high-risk operations during uncertain times, which optimizes holding strategies and builds trader confidence over time [5] - Continuous optimization of AI signals through self-learning capabilities ensures adaptability to market changes, reinforcing the confidence foundation for traders [5] Group 3: Broader Market Implications - The promotion of THPX signal source fosters a positive development in the trading ecosystem by providing equal tools for individual investors, reducing information gaps, and allowing broader participation in the WTIBTC market [7] - This technological empowerment minimizes losses from blind trading and encourages traders to focus on sustainable growth, enhancing overall market stability [7] - Increased confidence among traders correlates with improved well-being, as they experience a sense of achievement in executing strategies, ultimately invigorating the financial community [7]

Core Viewpoint - The European Central Bank (ECB) will join the centralized clearing repo market under Eurex in the first quarter of 2024, aiming to reduce counterparty risk in trading activities [1] Group 1: ECB and Eurex - The ECB and eurozone central banks have been lending securities to market participants, facilitating the transition to centralized clearing [1] - The move is expected to enhance the efficiency and safety of the repo market, which is crucial for the financial system [1] Group 2: Repo Market Activity - Since the ECB raised interest rates to positive territory and began reducing its bond holdings, activity in the eurozone repo market has significantly increased [1] - The outstanding transaction volume on the Eurex platform has grown by approximately 50% since the end of last year [1] Group 3: Participation of Other Central Banks - Other central banks, including the German central bank, are already members of the Eurex repo market, indicating a broader acceptance and integration of this platform within the eurozone [1]

Core Insights - Japanese margin traders are significantly increasing their short positions on the Swiss franc, reaching a record high in the amount of short positions [1] Group 1: Market Trends - The net short position on the Swiss franc by Japanese traders has risen to 348.9 billion yen (approximately 2.3 billion USD) this month, marking the highest level since records began in 2008 [1] - This amount is nearly double the level seen at the beginning of the year [1] Group 2: Economic Policy Implications - The strategy behind these trades is to profit from the interest rate differentials between Japan and Switzerland, both of which have some of the lowest yields among major global currencies [1] - The Swiss National Bank lowered its policy rate to zero in June, while the Bank of Japan raised its rate to 0.5% in January and is expected to continue tightening its policy [1]

Core Insights - The financial market is characterized by a significant lack of certainty, with many investors unaware of the chaotic nature of price movements and the influence of macroeconomic variables [2][5] - Behavioral finance reveals that cognitive biases, such as loss aversion and attribution bias, hinder investors' ability to achieve stable profits [6][8] - The lifecycle of trading strategies shows that they often degrade over time, with successful strategies becoming less effective as they gain popularity [9][13] - Risk management is crucial, as even strategies with a high win rate can lead to catastrophic losses due to leverage and market volatility [14][18] - Historical examples, such as the collapse of LTCM and FTX, illustrate the dangers of overconfidence and the importance of humility in trading [23] Market Characteristics - The financial market is described as a "chaos theater" where non-linear feedback loops and unexpected events can drastically affect prices [2] - The unpredictability of the market is highlighted by events like the UK pension crisis, which caused a sudden spike in bond yields [5] Behavioral Insights - Investors often exhibit a tendency to cut profits short while letting losses run, driven by a psychological aversion to loss [6] - The phenomenon of attribution bias leads traders to misinterpret the reasons for their successes and failures, preventing learning from mistakes [8] Strategy Dynamics - Trading strategies experience a lifecycle where initial high returns diminish as more participants adopt them, leading to reduced profitability [9][13] - The rapid obsolescence of strategies, particularly in high-frequency trading, emphasizes the need for continuous adaptation [13] Risk Management - The mathematical probabilities associated with trading strategies can lead to unexpected outcomes, highlighting the importance of robust risk management practices [14][18] - Historical cases of financial disasters serve as cautionary tales about the risks of excessive leverage and the illusion of control in trading [23]

Core Viewpoint - The China Foreign Exchange Trading Center is optimizing the "Swap Connect" mechanism to enhance market vitality and better meet the needs of foreign investors in managing RMB interest rate risks [1] Group 1: Mechanism Enhancements - A dynamic adjustment mechanism for "Swap Connect" quote providers will be established, and the number of quote providers will be expanded [1] - A daily net limit dynamic assessment mechanism will be improved, with the daily net limit increased to 45 billion RMB starting from October 13, 2025 [1] Group 2: Market Impact - Since its launch on May 15, 2023, "Swap Connect" has provided a convenient and efficient tool for foreign investors to manage interest rate risks associated with RMB asset allocation [1] - As of the end of August 2025, 82 foreign investors from 15 countries and regions have conducted over 15,000 RMB interest rate swap transactions, with a nominal principal amount of 8.15 trillion RMB [1]

Core Insights - CWG Markets focuses on optimizing deposit and withdrawal channels to enhance user trading experience and satisfaction [1][5] - The efficiency of deposit and withdrawal processes directly impacts user trust and overall experience in the financial trading industry [1][5] Group 1: User Experience Enhancement - The company aims to improve user experience by ensuring timely and secure fund flows through enhanced collaboration with banks and payment platforms [3][5] - Advanced encryption technologies and multi-factor authentication are employed to boost user trust and protect personal information [4][7] - Continuous improvement based on customer feedback is essential for identifying potential issues in deposit and withdrawal channels, thereby enhancing overall user experience and brand loyalty [7] Group 2: Technological Innovation - The integration of artificial intelligence and blockchain technology is pivotal in driving efficient and secure global market transactions [5][10] - Automation and advanced technology significantly reduce transaction delays, improving the efficiency of deposit and withdrawal processes [5][10] - The future of deposit and withdrawal channels will increasingly focus on the combination of speed, security, and user convenience [10] Group 3: Competitive Advantage - CWG Markets demonstrates superior performance in deposit and withdrawal efficiency compared to competitors, which enhances user satisfaction and overall trading experience [7] - The company’s flexible fund management system ensures quick and secure transactions, further strengthening customer trust in the platform [5][7] - Evaluating different platforms based on processing speed and stability is crucial for users to make informed decisions regarding their financial transactions [7][10]