Bullet Points, Highlights, Announcements
By Mark O’Brien, Senior Broker
General:
One more heads-up, traders. Tomorrow is the U.S. Thanksgiving holiday. Some futures markets will open at their regular times this afternoon/evening, then close early tomorrow. Others will be closed altogether:
- CME Indices and Interest Rates will close at 12:00 pm CT
- NYM Energies and Metals will close at 1:30 p.m. CT
- Currencies will close at 4:00 p.m. CT
- Cryptocurrencies will close at 4:00 p.m. CT
- Gains, Livestock, Dairy, and Lumber will be closed
For a full schedule of market hours Thursday and Friday, CLICK HERE.
Crypto:
Keep an eye on “the other crypto futures contract” and expand your choices for managing cryptocurrency risk with Ether futures. Ether futures and options provide more efficient ways to manage your exposure to one of largest cryptocurrencies by market capitalization. Aggregate open interest in Ether futures climbed 23% in the 30 days leading up to today and reached $22 billion. For context, when Ether traded above $4,000 on May 13, Ether futures open interest was $14 billion.
CME Group, the world’s largest operator of financial derivatives exchanges, offers two Ether futures contracts. Their main Ether futures contract unit is 50 Ether, their Micro Ether unit is 1/10 of an Ether. Both futures contracts trade 23 hours a day Sun. – Fri.
Visit the CME Group web site for complete information on Ether and Micro Ether futures contracts.
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Daily Levels for Nov. 28/29 2024
Economic Reports
All times are Eastern Time ( New York)
Good Trading!
About: Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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