From the balance sheet perspective, bitcoin futures contracts would more logically adhere to the standards already in place
for currency futures contracts.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our
contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential
for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences
for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign
currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals
for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate,
future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply
contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand
for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of
future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price
for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate
for our additional capital needs or
for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or
future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions
for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign
currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities
for growth and innovation; (4)
future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5)
future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of
future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and
future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and
currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party
contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
In July, the Commodity
Futures Trading Commission approved a bid by a firm called LedgerX to open a clearinghouse
for crypto -
currency puts, calls, swaps and all sorts of other exotic
contracts.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth in revenues
for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement
for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing
contracts and
future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability of funding
for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications
for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all,
for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign
currency exchange impact on Gilead's
future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
The net position —
contracts to buy a foreign
currency at a
future date minus
contracts to sell the same
currency — is often watched by market analysts, who interpret its movements as a proxy
for speculators» changing views of the short - term direction of exchange rates.
The weekend launch of a U.S.
futures contract for bitcoin reflects widespread acceptance of the virtual
currency, especially among investors in Asia, though regulators are wary.
We do, however, anticipate entering into foreign
currency exchange
contracts for purposes of hedging foreign exchange rate fluctuations on our business operations in
future operating periods as our exposures are deemed to be material.
Using daily closing prices
for the most liquid
contract for each of 35 (6 energy, 10 commodity, 6 government bond, 6
currency exchange rate and 7 equity index)
futures contract series as available during January 1987 through December 2013, he finds that: Keep Reading
Many commodity and
currency funds that hold
futures contracts are regulated by the Commodity Futures Trading Commission as commodity pools, but they're classified as LPs for tax purposes by t
futures contracts are regulated by the Commodity
Futures Trading Commission as commodity pools, but they're classified as LPs for tax purposes by t
Futures Trading Commission as commodity pools, but they're classified as LPs
for tax purposes by the IRS.
While the official goal of the new
futures contract is to establish a regional benchmark
for more useful pricing of the crude grades prevalent on the Chinese market, analysts see the yuan oil
futures as a step toward China seeking wider acceptance of its
currency in global trade, including the oil trade, and establishing a petro - yuan that could challenge, in the
future, the dominance of the petrodollar.
In the 1970's and 1980's, the exchanges developed
futures contracts for foreign
currencies, stock indexes, and bonds.
A typical
currency futures contract allows a trader to lock in the price of buying,
for example, British pounds with U.S. dollars at a later date.
«In recent months we have seen virtual
currencies themselves as the building block
for further innovation, in the form of Bitcoin
futures contracts in the US,» Maijoor added.
Using daily
contract closing bid - ask midpoints
for 26 equity
futures, 14 interest rate swaps, 31
currency exchange rates and 16 commodity
futures during January 1990 through April 2015, they find that: Keep Reading
Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance
contracts and new ship progress payment guarantees; fluctuations in foreign
currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel;
future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments;
future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements
for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
Depending on the
currencies you want to trade there are mini-
futures available with a
contract value of 12.500 (
for example EUR / USD) or standard
futures with a
contract value of 125.000.
Saxo Bank holds a banking license from Denmark's Financial Supervisory Authority (FSA) and acts as a brokerage firm and a market maker, offering trading in more than 30 000 instruments, including
currency pairs, binary options,
contracts for difference (CFDs), stocks,
futures, and bonds through its proprietary online trading platform.
Among the assets typically not eligible
for SIPC protection are commodity
futures contracts,
currency, and precious metals, as well as investment
contracts (such as limited partnerships) and fixed annuity
contracts that are not registered with the U.S. Securities and Exchange Commission under the Securities Act of 1933.
Assume three of your simultaneous
currency futures and FX trades result in the following: Trade # 1: stopped out
for - 250 per
contract loss Trade # 2: stopped out at original entry
for par Trade # 3: exited on a trailed stop
for + $ 500 per
contract gain
For other
contracts, including stock index and foreign
currency futures, no trading limits exist.
While a
futures contract can lock in a price
for any asset,
currencies, stocks and bonds are most frequently exchanged using
futures.
Legally binding
contracts to buy or sell a particular asset,
currency or other index,
for a specified price on a specified
future date.
Futures, forwards and swaps,
for example, are investment
contracts between parties to buy, sell or exchange assets like equities, commodities,
currencies or loan terms at agreed - upon prices.
For most clients — whose net worth runs from $ 2 million to $ 4 million — they have increased cash positions and their allocations to alternative investment funds, including managed
futures, which actively trade commodity,
currency and financial
futures contracts.
In these
contracts, two parties agree to swap some amount of one
currency for another amount of another
currency, at some time in the
future.
For instance,
currency futures typically need a margin that amounts to a low single - digit percentage of the
currency contract's value.
While Brent Crude
futures have, as with most other important energy commodities, been always traded in US Dollars per barrel, Singapore's pan-Asian multi-product commodity and currency derivatives exchange - the Singapore Mercantile Exchange (SMX)- currently lists Brent Crude Futures Contracts priced in Euros [1], in a move to provide alternative, unique hedging strategies, which would benefit participants with Euro - related business considerations for e
futures have, as with most other important energy commodities, been always traded in US Dollars per barrel, Singapore's pan-Asian multi-product commodity and
currency derivatives exchange - the Singapore Mercantile Exchange (SMX)- currently lists Brent Crude
Futures Contracts priced in Euros [1], in a move to provide alternative, unique hedging strategies, which would benefit participants with Euro - related business considerations for e
Futures Contracts priced in Euros [1], in a move to provide alternative, unique hedging strategies, which would benefit participants with Euro - related business considerations
for example.
A
currency future, also known as an FX
future or a foreign exchange
future, is a
futures contract to exchange one
currency for another at a specified date in the
future at a price (exchange rate) that is fixed on the purchase date; see Foreign exchange derivative.
Also on Wednesday, Van Eck Associates Corp pulled a registration document
for a bitcoin fund after saying the SEC told them they would not review the filing until
futures contracts on the digital
currency start trading.
Mazurek pointed out that bitcoin can not currently be used
for margin payments of
futures contracts, which explains the use of and WB21 to facilitate payments via acceptable
currencies.
Bitcoin is taking its first steps toward becoming a legitimate investment vehicle with the creation of
futures contracts in the crypto -
currency this month, moves which may also allow it to infect wider financial market stability
for the first time.
In its proposal, which the CFTC will seek public comment on
for 90 days, the regulator said that if a trader can't take possession of a virtual
currency bought on margin within about a month, the transaction will be treated as a
futures contract.
Derivatives giant CME has developed a system
for delivering digital
currencies tied to
futures contracts, patent documents reveal.
The Commodity
Futures Trading Commission granted LedgerX — a cryptocurrency trading platform — registration as a clearing house
for derivatives
contracts settling in digital
currencies.
Future plans envisioned by Liaison include enablement of smart
contracts and digital
currency transactions, and providing capabilities
for ALLOY users to create custom, private blockchains in support of specific digital ecosystems as they innovate and expose more of their blockchain verified data more widely
for new business opportunities through the ALLOY Platform.
Hence, the introduction of a Bitcoin
futures contract is a tailwind
for the
currency.
Furthermore, businesses that have avoided using Bitcoin as a form of payment
for large - scale transactions that involved terms, due to the unpredictable volatility of the
currency, will now be able to guarantee the value of a transaction using
futures contracts to hedges against adverse market price movements, similar to the way businesses handle international transactions.
Taking Bitcoin as an example, this is how a
future contract for the digital
currency works.