Core Viewpoint - The introduction of pure benzene futures is aimed at establishing a pricing mechanism in China, supporting the development of the chemical industry, and providing risk management tools for enterprises [1]. Group 1: Purpose of Pure Benzene Futures - Pure benzene is a crucial organic chemical raw material, linking petroleum and coal as primary energy sources to industries such as synthetic resins, synthetic fibers, and synthetic rubber [1]. - The listing of pure benzene futures will help form a domestic pricing system, contributing to China's goal of becoming a "chemical powerhouse" [1]. - It will provide forward price signals for enterprises, aiding in the stable and healthy development of the chemical industry [1]. - The futures will create a hedging tool system in conjunction with styrene futures, effectively reducing operational risks for companies [1]. Group 2: Trading Specifications - The quotation unit for pure benzene futures is in RMB per ton, with a minimum price fluctuation of 1 RMB per ton [2]. - During continuous trading, supported trading instructions include limit orders, market orders, stop-loss (profit) orders, and cross-period arbitrage orders [3]. - The maximum daily price fluctuation limit for pure benzene futures is set at 7% of the previous trading day's settlement price [4]. - Each month has available contracts for pure benzene futures, specifically for the months of January through December [5]. - The last trading day is the fourth trading day before the end of the contract month, while the last delivery day is the third trading day after the last trading day [6]. - The trading and delivery unit for pure benzene futures is 30 tons per contract [7]. Group 3: Risk Management and Control - Risk control measures for pure benzene futures include a margin system, price fluctuation limits, position limits, large trader reporting, forced liquidation, and risk warning systems [8]. - The exchange has established position limits for members or clients, which are calculated based on the total open interest of a specific contract [9]. Group 4: Transaction Fees and Regulations - The transaction fee for pure benzene futures is initially set at 0.01% of the transaction amount, with a reduced fee for hedging transactions [11]. - Supporting business rules for pure benzene futures include various management and operational guidelines from the Dalian Commodity Exchange [12].

Group 1 - Domestic futures main contracts showed mixed performance, with industrial silicon dropping over 4% and焦煤 (coking coal) and glass falling over 3% [1] - Other commodities such as pure soda, polysilicon,焦炭 (coke), silicon iron, and PVC experienced declines of over 2% [1] - On the upside, the shipping index (European line) increased by over 7%, while沪金 (Shanghai gold), 20号胶 (20 rubber),沪银 (Shanghai silver),沪铜 (Shanghai copper), and international copper rose by more than 1% [1]

Group 1 - Domestic futures main contracts showed mixed performance, with soda ash and glass declining over 2% [1] - Coking coal and caustic soda also fell nearly 2% [1] - On the upside, the shipping index (European line) and Shanghai gold increased by nearly 1%, while eggs, short fibers, and starch rose over 0.5% [1]

Core Viewpoint - The article emphasizes the importance of selecting a safe, regulated, and efficient trading platform for investors, highlighting the Hong Kong Futures Exchange as a leading financial derivatives trading center with a robust regulatory framework and diverse product offerings [1][3]. Summary by Sections Overview of Hong Kong Futures Exchange - The Hong Kong Futures Exchange plays a crucial role in advancing financial market development while maintaining market order and protecting investor rights through a stringent membership system [3]. Top Ten Regulated Member Platforms 1. **Jinrong China** - Established in 2010, Jinrong China offers continuous financial investment trading services globally and is recognized as a reputable trader with a license number 084, allowing operations in precious metals [4]. - Comprehensive Rating: 5 stars [5]. 2. **Wanzhou Gold Industry** - Focuses on providing professional online investment services in precious metals and holds license number 141, recognized as a member of the Standard Gold Group [5]. - Comprehensive Rating: 4 stars [6]. 3. **Aide Gold Industry** - A member of the Hong Kong Gold and Silver Exchange Society with license number 156, Aide Gold offers trading in spot gold and silver, leveraging global market resources [6]. - Comprehensive Rating: 4 stars [7]. 4. **British Financial** - Registered in Hong Kong, British Financial provides various online trading services for spot gold and silver, ensuring client fund security under the exchange's regulation [7]. - Comprehensive Rating: 4 stars [8]. 5. **New Wei Gold Industry** - A member of the Hong Kong Gold and Silver Exchange Society with license number 57, specializing in spot precious metal investments [8]. - Comprehensive Rating: 3 stars [9]. 6. **Baili Precious Metals** - Registered member of the Hong Kong Gold and Silver Exchange Society, focusing on trading in spot gold and silver for institutional and individual investors [9]. - Comprehensive Rating: 3 stars [11]. 7. **Liansheng Precious Metals** - A member with license number 177, providing trading services for London gold and silver products with 24-hour customer support [11]. - Comprehensive Rating: 3 stars [12]. 8. **Yinghuang Gold Number** - Offers online trading for local London gold and silver, recognized as a member of the Hong Kong Gold and Silver Exchange Society with license number 102 [12]. - Comprehensive Rating: 2 stars [13]. 9. **Hansheng Gold Industry** - An AA-class electronic trader recognized by the Hong Kong Gold and Silver Exchange Society, dealing in various gold products [13]. - Comprehensive Rating: 1 star [14]. 10. **Gaosheng Gold Industry** - Holds AA-class recognition as an electronic trader, providing professional and convenient spot gold trading services [14]. - Comprehensive Rating: 1 star [16]. Conclusion - The article concludes that choosing a legitimate and reliable trading platform is essential for wealth growth, with the Hong Kong Futures Exchange and its member institutions offering professional, efficient, and secure services for investors [16].

Group 1 - The CME Bitcoin futures main contract fell by 0.49% to $108,000 at the end of trading on Friday, June 27, while recording a weekly increase of 3.55% [1] - The CME Ether futures main contract decreased by 0.55% to $2,439.00, with a slight weekly increase of 0.10%, trading near the flat line from Tuesday to Friday [1]

Group 1: Industry Overview - The global gold futures market is undergoing a historic transformation, with a 184.83% year-on-year increase in trading volume on the Shanghai Futures Exchange, accounting for nearly 40% of the domestic market [1] - International gold prices are fluctuating around $3,400 per ounce, influenced by geopolitical conflicts and Federal Reserve policy expectations, leading to increased market divergence [1] - Over 90% of central banks plan to increase their gold reserves in the next 12 months, with 43% explicitly stating it as a strategic goal, highlighting gold's unique value in uncertain times [1] Group 2: Industry Challenges - The market faces three structural contradictions: liquidity risks and volatility crises, information asymmetry leading to decision-making blind spots, and high trading costs reducing profit margins [3] - COMEX gold futures experienced a weekly volatility exceeding $76 per ounce, with traditional platforms facing slippage rates above 0.5% during significant price drops [3] - The London Bullion Market Association (LBMA) reports that the average spread for mainstream platforms in London gold is between $0.3 and $0.5 per ounce, with commissions around $10 to $20 per contract [3] Group 3: Company Solutions - Jinseng Precious Metals, a member of the Hong Kong Gold Exchange, offers a compliance-driven and technology-enabled platform that provides certainty in trading [3] - The platform ensures full compliance and transparency, generating unique transaction codes for trades over 0.1 lots, allowing real-time tracking and eliminating dark operations [3] - Jinseng has maintained a high user recommendation rate of 98% and offers rapid fund withdrawal within 2 hours, ensuring both efficiency and risk control [3] Group 4: Technological Innovations - The platform integrates MT4 and MT5 systems, with MT4 providing order execution speeds of 0.01 seconds for manual traders and MT5 supporting algorithmic trading for complex strategies [5][6] - The mobile app allows users to access market analysis, expert insights, and 24/7 customer service, enabling quick trading decisions even in transit [6] - The platform has introduced a "zero commission + ultra-low spread" policy, significantly reducing costs compared to industry averages [6] Group 5: Investment Strategies - New investors are encouraged to use a dual approach of "simulated trading + small real trading" to manage risks effectively [7] - Experienced investors can develop composite strategies that include macro hedging, event-driven trading, and arbitrage opportunities based on market data [7] - High-frequency traders can utilize the app's smart push notifications to receive real-time alerts on key price movements and economic data releases [8]

Group 1 - The historic collaboration between Shenzhen and Deutsche Börse Group marks a significant step in cross-border financial cooperation, with high-level financial exchange events taking place in Shenzhen [1][2] - The events aim to explore opportunities for interconnectivity between Chinese and European financial markets, focusing on financial derivatives innovation and pathways for companies to list abroad [2][4] - Deutsche Börse Group, as a comprehensive exchange organization, offers full-cycle support for Shenzhen enterprises, from listing to foreign exchange management, and aims to deepen cooperation in various financial sectors [2][4] Group 2 - The Shenzhen Financial Stability Development Research Institute has established close ties with major international exchanges, promoting a rich ecosystem linking Shenzhen to global financial markets since the creation of the International Listing Exchange Base in 2024 [3][5] - The event featured presentations from Deutsche Börse Group's subsidiaries, showcasing innovations in energy transition, derivatives trading, and foreign exchange management, addressing challenges faced by enterprises going global [4][5] - Shenzhen has been actively enhancing its international financial talent and market openness, with a significant number of listed companies and a strong market capitalization, positioning itself as a key player in the global financial ecosystem [5][6]

周四（6月26日）纽约尾盘，CME比特币期货BTC主力合约较周三纽约尾盘跌0.12%，报10.8万美元。 CME以太币期货DCR主力合约涨0.12%，报2444.50美元。 ...

Core Insights - Domestic futures main contracts showed mixed performance, with red dates and urea rising over 2% while SC crude oil fell over 8% [1] Group 1: Price Movements - Red dates and urea increased by more than 2% [1] - Manganese silicon, silicon iron, coke, stainless steel, industrial silicon, and Shanghai lead rose by over 1% [1] - SC crude oil dropped by more than 8%, and fuel oil fell by over 5% [1] Group 2: Other Notable Changes - The shipping index for Europe declined by over 3% [1] - Liquefied petroleum gas (LPG), low-sulfur fuel oil (LU), rapeseed meal, and pulp all decreased by over 2% [1] - Asphalt experienced a nearly 2% decline [1]

Group 1 - The CME Bitcoin futures main contract increased by 2.12% compared to the previous day, reaching $105,000 [1] - The CME Ether futures main contract rose by 5.16%, closing at $2,435.00 [1] - The market experienced a high opening followed by a day of narrow fluctuations at elevated levels in the Asia-Pacific session [1]