EDU Articles
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What is the CME?
The Chicago Mercantile Exchange, now known as the CME group, is the largest derivatives exchange in the world, and one of the oldest.
It has historically served as a major international exchange for commodities futures and options on those futures, along with the Chicago Board of Trade and the New York Mercantile Exchange, which are now part of the CME Group.
The CME Group is now comprised of what used to be several futures exchanges: CME, the CBOT, and the NYMEX. Historically these markets traded in traditional commodities and their futures, and Chicago was the most likely location for such an exchange, being at the hub of the Midwest.
In more recent years, the futures market has become dominated by foreign currency futures. Another change that has taken place over time is that much of the trading used to be done on the floor of the exchanges through open-outcry trading.
In 2015, the CME shut the doors on the “futures pits” and left only two trading floors operational. The vast majority of the derivatives trades on these exchanges today takes place online.
What does PIP mean?
A PIP is the standard smallest increment of change or precision at which a currency is quoted and tracked in Forex markets
How Do I Allocate My Assets in Retirement?
How you allocate your assets in retirement depends on your goals and objectives for the assets, and the amount of growth
What is the SEC?
The Securities and Exchange Commission (SEC) is a govt. agency which polices the practices of the securities industry
What is the Series 7?
The general securities licensing test required by FINRA is the Series 7 examination
What is Accounts Receivable for Accounting?
The Accounts Receivable line will contain the amounts owed to the company which are due to be received in the near future
What is Adjusted Book Value?
Adjusted Book Value takes true fair market value of all assets and liabilities into account. Used when facing bankruptcy
What Happens If I Withdraw Money From My Pension Plan After I Retire?
If the plan administrator allows it, you can make non-recurring (one-time) withdrawals from a pension fund
What are trading models?
Trading models are emotionless systems for decision-making in trading that can be automated or just used for reference
How to use the Broadening Bottom (Bullish) Pattern
The Broadening Bottom pattern is formed when a stock price progressively makes higher highs and lower lows
What is the Dead Cat Bounce (Bearish) Pattern?
The Dead Cat Bounce pattern appears when a currency pair's price falls quickly but has a temporary “v-shaped” recovery