Man of the Futures Leo Melamed

 Man of the Futures Leo Melamed 

This is a great book that I believe everyone should read. 

It’s not only a book about the futures industry; it’s a an immigrant story, it’s a story about Chicago, a story about the American Dream and it’s also a success story about a visionary who transforms an industry and builds it to adapt to the future, which is something we all can learn from regardless of your industry. 

For those of us who have been in the futures industry it’s impossible to not have been influenced by Leo. 

In this time that we living in, it’s hard to not think/hope that there are 100s of other Leo’s out there making the dangerous journey to America that who will also enrich our nation. 

Man of the Futures Leo Melamed it’s well written and an easy read. I highly recommend it to everyone

#leomelamed #cme #cmegroup #futures #futurestrading #commodities #cbot #chicago #melamed #ceres #davidnealis 

Shanghai Futures Exchange’s Copper Opens to International Participation

 The much anticipated inclusion of international participation in the Contract is planned to be launch on Nov. 19, 2020.

The enthusiasm for the highly liquid contract inclusion doesn’t come as a surprise as global capital markets traders seek alpha.

China is the world’s top consumer of metals and accounts for over 50% of the world's demand for copper.

The contract size is 5 metric tons, the price is quoted in Chinese Yuan, and the trading hours are 9:00 a.m. to 11:30 a.m. and 1:30 p.m. to 3:00 p.m.

Often considered a low risk commodity by traders because of its versatile applications and sometimes used as collateral in China’s shadow banking industry copper demand in China remains steady. #china #futurestrading #futures #SHFE #shanghai #copper #LME #cmegroup Ceres Ltd #alpha

Ceres Ltd brings Huishang Futures to the trading floor in Chicago.

David Nealis brings Joyce Jiang of Huishang Futures to the trading floor in Chicago

Two and a half years ago Ceres Ltd started to cooperate with Huishang Futures, as part of our consulting with them we brought them to Chicago the heart of the world’s futures trading and we took them onto the trading floor in Chicago to get a sense of history for futures trading.  The Chinese exchanges are purely electronic so we felt this would be an important experience for them.

Though today most of the trading at the CME is done electronically it’s still a great experience to visit the trading floor.

Jane Yang of Ceres Ltd on the trading floor in Chicago

For more information about David Nealis and Ceres Ltd please visit our website: https://ceres888.com/Home.html

Jane Yang VP at Ceres Ltd

Jane Yang of Ceres Ltd at the Bull of Wall Street NYC

Jane Qin Yang, Vice President of Project Development at Ceres Ltd

Jane Yang of Ceres Ltd at the Nasdaq Opening Bell

Jane Yang is a global financial market specialist with in-depth knowledge of both Western and Asian financial markets and deep knowledge of the intricate cultural differences of doing business in each. 

Jane Yang of Ceres Ltd at The Ho Chi Minh

Richard Daley with Jane Yang of Ceres Ltd in Shanghai

Ms. Yang’s years of experience at Ceres serving cross border individual and institutional clients she has acquired extensive knowledge of cross-border M&A, cross-border financial consulting project development, superior industry research, macro-economic analysis of global futures & securities as well as trading Global Capital Markets. 

Jane Yang of Ceres Ltd at the Friendship bridge between North Korea and China

Prior to joining Ceres Ltd., Miss Yang worked in the physical side of the commodity industry, dealing with Magnesium and Aluminum trading in Dandong City near the Chinese border with North Korea.

Jane Yang of Ceres Ltd visiting her family farm

Jane Yang with organic foods in Shanghai

Her cumulative experience in international physical commodity trading as well trading Global Capital Markets enables her to have an in-depth view of the International financial world, insight to international market opportunities and the deep connection between the financial and the physical industries.

Miss Yang received her Bachelor’s degree in International Economics and Trade from Eastern Liaoning University. She holds a Futures Professional Certificate from the China Futures Association, Securities Qualification Certificate from Security Association of China as well as Investment Fund Qualification Certificate from Asset Management Association of China. Miss Yang earned a Microsoft Office Specialist Master Certification (MOS)

Ms. Yang is a native Chinese speaker, fluent in English and conversational Korean.

Jane Yang of Ceres Ltd enjoying some free time in Chicago

For more information about David Nealis and Ceres Ltd please visit our website: https://ceres888.com/Home.html

Bank of Jinzhou and Ceres Ltd

We have had a great working relationship with the Bank of Jinzhou from giving Trading Capital Markets seminars to introducing them to potential M&A deals in the USA.

Bank of Jinzhou Beijing Branch

Bob Meara, David Nealis and Jane Yang of Ceres Ltd at Bank of Jinzhou's Dalian Branch

David Nealis and Jane Yang give Futures Trading Seminar at Bank of Jinzhou

Bank of Jinzhou visits the CME Group in Chicago

Chairman of Bank of Jinzhou  watching the trading floor with David Nealis

For more information about David Nealis and Ceres Ltd please visit our website: https://ceres888.com/News___Events.php

There is no drought at the CME

Despite a devastating drought in Australia, a severe drought in Eastern Europe and crop issues in Argentina the average daily volume of CME agricultural futures and options are on the rise.

David Nealis President of Ceres Ltd

Add in the trade war with China which has stunted soybean sales to China many outside observers would believe that anything related to agricultural would be less then exciting but the futures market is acting as it should helping firms to manage their risk making 2018 an exciting year for agricultural futures and options.

So the question many of us are thinking about is will growers plant as many soybeans and corn in 2019 as they did in the previous season?

11 herbs and spices with a side of Om - KFC opens its first outlet in Tibet

11 herbs and spices with a side of Om

KFC opens its first outlet in Tibet

KFC became the first major Western fast food chain to open an outlet in Tibet. The restaurant is located in the Shenli Shidai shopping center in the Tibetan capital of Lhasa.

According to Xinhua News Locals formed long queues in the restaurant on its first day and local children posed for photos in front of the store.

"Other fast food brands operating in Tibet over the past few years have showed people here have a big appetite for fried chicken and hamburgers," said Chen Biao, a manager of the Shenli Shidai shopping center.

 KFC first attempted to enter the Tibetan market in 2004, but decided to delay entry into the market believing that it didn’t make economic sense at the time and The Dalai Lama, Tibet's spiritual leader in exile, who is an advocate of vegetarianism condemned KFC’s plan at the time.

I am assuming that the KFC Tibet outlet will be very popular with Chinese and foreign tourists alike if it is anything like the other KFC outlets across China in touristy areas.

According to Xinhua news agency, KFC is planning to build a frozen storage area in the suburbs of Lhasa to aid in the growth of its business in the Himalayan region. KFC entered the Chinese market in 1987 and now has more than 5000 oulets in over 1,100 cities across China.

With infrastructure improving in Tibet and with Chinese government encouragement to develop the region, I aspect that we will be seeing more brands entering the market place on top of the world.

And how else would one end a story about KFC in Tibet than with a quote from the sage Carl Spackler ( Bill Murray) :

 “Carl Spackler: So I jump ship in Hong Kong and I make my way over to Tibet, and I get on as a looper at a course over in the Himalayas.

Angie D'Annunzio: A looper?

Carl Spackler: A looper, you know, a caddy, a looper, a jock. So, I tell them I'm a pro jock, and who do you think they give me? The Dalai Lama, himself. Twelfth son of the Lama. The flowing robes, the grace, bald... striking. So, I'm on the first tee with him. I give him the driver. He hauls off and whacks one - big hitter, the Lama - long, into a ten-thousand foot crevasse, right at the base of this glacier. Do you know what the Lama says? Gunga galunga... gunga, gunga-lagunga. So we finish the eighteenth and he's gonna stiff me. And I say, "Hey, Lama, hey, how about a little something, you know, for the effort, you know." And he says, "Oh, uh, there won't be any money, but when you die, on your deathbed, you will receive total consciousness." So I got that goin' for me, which is nice.” – Caddyshack

Have a Great Weekend

David Nealis

President of Ceres Ltd. 

A Chinese Sugar Option...........Maybe.

A Chinese Sugar Option – the Zhengzhou Commodity Exchange hopes to launch a Sugar Options Contract in 2016.

by Jane Yang, Bob Meara and David Nealis of Ceres Ltd

Over the last 12 months we have seen some major changes in the Chinese capital markets industry including a recent surge in Futures prices in China.

For those of us involved in the Chinese capital markets industry all too often we have heard about potential products being launched and with patience we are still waiting for some of them like the Crude oil contract to be traded in the Shanghai FTZ that potentially would include non-Chinese traders which would be ground breaking in China.

 And we have experienced products and policies being taken away over the last 12 months.

Jane Yang and David Nealis of Ceres Ltd on the CME trading floor

 

In the midst of this comes the hope of a Sugar Options contract launched by the Zhengzhou Commodity Exchange (ZCE).  Currently there is only one options contract traded in China (the World’s 2^nd largest economy), which is the SSE50 ETF option.  

Zhengzhou Commodity Exchange (ZCE) has claimed that they are fully prepared to launch it anytime once they get final permission from CSRC (Chinese Security Regulation Commission.

ZCE is one of the four futures exchanges in China. The products traded in the exchange are mostly agriculture products; wheat, rice, cotton and sugar contracts among others are traded there.
 
For those who don’t trade sugar here is a quick macro picture of sugar around the world:

·         The world top 5 sugar producing countries are Brazil 38.7MT (Metric Ton), India 26 MT, China 11.4 MT, Thailand 10.6 MT and US 7.2 MT.

·         The top 5 importing countries are Philippines, Nigeria, EU, Iran and Iraq.

·         The total annual Sugar production worldwide is 172.5 MT. 

·          Total annual sugar consumption worldwide is 171MT and the total sugar stock worldwide is 42.2 MT. (Year 2015)

ICE No.11 Sugar contract VS ZCE Sugar futures contract

Product	Symbol	Contract Size	Quote	Tick Size	Contract Months	Trading Hours London time	Minimum Trading Margin
ICE Sugar #11	SB	12,000 pounds (5442kgs)	Cents/pound	0.01cent/lb	3,5,7,10	8:30am-6:00pm (London time)
ZEC White Sugar	SR	10 Tons (10,000kgs)	CNY/Ton	1 CNY/Ton	1,3,5,7,9,11	Beijing Time UTC+8 9:00-11:30 a.m. 1:30-3:00 p.m.	6% of contract value

 

 

ICE No.11 Sugar option contract VS ZCE Sugar futures options contract

Product	Symbol	Contract size	Quote	Tick Size	Contract Months	Strike Price intervals	Last trading day	Trading hours
ICE No.11 sugar options	SO	One futures contract	Cents	1/100 of a cent per pound	Regular Options: 1, 3, 5,7,10. Serial Options: 2, 4, 6,8,9,11,12, For the January regular option, the March contract is the underlying future. For serial options, the underlying future is the next Regular futures contract month.	Strike Price Increment will be $.25 cents at all price levels	15th calendar day of the month that precedes the options trading month, or the first business day after the 15th should this day be a weekend or an Exchange holiday.	8:30am-6:00pm (London time)

 

Product	Symbol	Contract Size	Quote	Tick Size	Contract Months
ZCE White Sugar options	SR +C/P + Strick price	1hand of sugar futures contract	CNY/Ton	0.5CNY/Ton	1,3,5,7,9,11
	Expiration Months	Amount of Stick Prices	Strike Price Intervals	Last Trading Day	Trading Hours  UTC+8
	Two months before futures contracts’ delivery months	5 out-of-money, 1 at-the-money and 5 in-the-money according to the price range of exercise price	futures price < 3000RMB,  Strike Price intervals is 50RMB/Ton; 3000RMB7000RMB,  Strike Price intervals is 100RMB; futures price>7000RMB, Strike Price intervals is 200RMB.	Last trading day of the options Expiration Months	9:00-11:30 a.m. 1:30-3:00 p.m.

 

 

 

 

 

Data from ZCE showed in 2015, that the sugar trading volume almost doubled and more than 30% of the trades were physical hedging. According to the their survey,  90% of the big saw sugar producers, 80% of big sugar trading companies, 60% of the large manufacture participated in sugar futures trading hedge their risk.

Most of China’s domestic sugar production is grown in the south of the country, mainly in Guangxi province which produces roughly 70% of China’s domestic sugar production and Yunnan province produces more than 15%.

Hua Tai Chang Cheng Futures forecasts a 22% from 2015 to 2016 total sugar consumption in China. The sugar consumption per Chinese is only 1/3 of the world’s average level, as the Chinese economy continues to grow and the tastes change in China we see a huge potential increase in Chinese domestic demand.  

David Nealis and Bob Meara of Ceres Ltd at the Shanghai Futures Exchange

We are hopeful that is if the contract launches, it will be an active contract.  

We look forward to trading the sugar options contract at China’s Zhengzhou Commodities Exchange.

If you are interested in participating in Chinese financial markets, please contact: info@ceres888.com