智通财经APP注意到，华尔街的宏观交易员正迈向自2009年以来业绩最佳的一年，因客户纷纷押注全球 各大央行利率政策的转变。 根据Crisil Coalition Greenwich的数据，高盛集团、摩根大通和花旗集团等公司今年预计将从固定收益、 信贷和大宗商品交易中产生1650亿美元的收入，较2024年增长10%。 全球央行的利率调整、关税政策的不确定性、对财政赤字膨胀的担忧以及收益率曲线趋陡，尤其扩大了 利率交易员的费用池。在十国集团利率业务中，收入预计将达到400亿美元的五年来高点。 Coalition Greenwich预计2026年将出现类似的大幅增长，届时行业收入预计为1620亿美元，仅下降2%。 高盛欧洲利率产品交易主管尼基尔·乔拉利亚在接受采访时表示："央行正在将其政策利率和资产负债表 正常化，但尚未正常化的是庞大的发行规模。这些情况大多会持续存在。我们没有理由认为我们在2025 年看到的活跃水平不会在2026年重现。" 固定收益交易员有望迎来2009年以来最好的一年 新兴市场宏观交易员预计将获得至少20年来最大的350亿美元收入。信贷交易员预计将获得270亿美元， 大宗商品交易员预计将获得11 ...

塞舌尔维多利亚, Nov. 21, 2025 (GLOBE NEWSWIRE) -- 全球最大的全景交易所（UEX）Bitget今日宣布，其快速增长的股票期货产品线创下新里程碑，累计交易额已突破 50 亿美元。 这一成就距突破 30 亿美元大关仅过去一周，凸显了全球对代币化股票期货需求正在加速增长。 交易活动的激增与美国股市的强劲势头相呼应——在美股市场，由人工智能驱动的增长、创纪录的第三季度财报以及市场对科技龙头股重新燃起的投资热情，仍持续吸引着全球交易者的关注。 在 Bitget 的股票期货产品阵容中，MicroStrategy（MSTR）以 14 亿美元的累计交易额位居榜首，其次是特斯拉（TSLA）的 10 亿美元和苹果（AAPL）的 4.72 亿美元，凸显了市场对加密货币以及老牌科技巨头的强劲需求。 Bitget 目前上线了 30 余种与美国顶级股票挂钩的 USDT 保证金永续期货合约，提供高达 25 倍的杠杆，以及极具竞争力的 0.0065% 的交易费率。 随着代币化股票的采用率加速提升，Bitget 推出限时优惠，所有股票期货交易对的手续费立减 90%。 本次优惠活动将持续至 1 月 31 日， ...

THPX信号源作为一种先进的趋势预测工具，通过人工智能技术分析WTIBTC（西德州中质原油与比特币关联）市场动态，为交易者提供可靠信 号。这一创新显著提升交易信心，帮助投资者在多变市场中做出明智决策。文章将探讨AI信号的核心优势，包括准确性提升、风险缓和以及信心 增强等方面，并强调其对交易者心理和长期成功的积极影响。 进一步探讨AI信号如何提升交易信心，关键在于其对情感因素的缓冲作用。交易本质上涉及心理波动，特别是WTIBTC这类波动资产容易引发恐 惧和贪婪情绪。AI信号通过客观数据输出，帮助交易者维持理性心态。例如，信号源会在趋势确认阶段提供警示，避免在不确定时期进行高风险 操作。这样，交易者不仅能优化持仓策略，还能积累积极经验，久而久之构建起自信的交易心理。这种自信不仅体现在盈利提升上，还促进长期 学习与适应能力。当交易者看到信号源在多个事件中准确预测走势时，他们的信任感自然增强，进而激发探索更稳健策略的积极性。与此同时， AI信号的持续优化确保信号源的适应性，例如通过自我学习功能调整预测模型，以应对市场变化，这在无形中巩固了交易者的信心基础。 从更广阔的视角看，THPX信号源的推广，还推动了整个交易生态 ...

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]

Core Viewpoint - Hong Kong Exchanges and Clearing Limited (HKEX) has signed a memorandum of cooperation with Guangzhou Carbon Emission Trading Center, Shenzhen Green Exchange, and Macau International Carbon Emission Trading Exchange to promote the development of the carbon market and green finance ecosystem in the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 1 - The four exchanges will explore cooperation opportunities in the carbon market and green finance sectors [1] - The collaboration aims to enhance experience exchange and knowledge sharing among the institutions involved [1] - The initiative is expected to improve the professional capabilities of relevant institutions and personnel in carbon market operations and green finance [1] - The partnership will contribute to the deepening development of the regional carbon market [1]

Core Insights - Shenzhen Municipal Government successfully issued 1 billion offshore RMB local government bonds in Macau, with a coupon rate of 1.74% and a maturity of 3 years, aimed at funding clean transportation projects in Shenzhen [1] - This marks the first issuance and listing of offshore RMB local government bonds by Shenzhen in Macau, as well as the first green bond themed on climate change, attracting significant market interest with a subscription multiple of 6.62 times, setting a historical high for RMB bond issuance in Macau [1] - The choice of Macau as the issuance location reflects an innovative breakthrough in cross-border financial cooperation between Shenzhen and Macau, coinciding with the 45th anniversary of Shenzhen Special Economic Zone [1] Company and Industry Summary - MOX, as the first financial exchange in Macau providing comprehensive services for bond registration, custody, issuance, listing, trading, and settlement, played a crucial role in the successful listing of the bonds, emphasizing its commitment to professional and efficient service [2] - MOX aims to further optimize its service ecosystem and explore key areas such as green finance, integrating diverse financial resources to support the real economy and innovative projects in the Greater Bay Area, thereby facilitating the implementation of major regional strategies and promoting green low-carbon transformation [2]