Overview of Japanese and Chinese Equity Index Futures Markets
On September 7, 2022, Japan Exchange Group (JPX) and China Financial Futures Exchange (CFFEX) signed an MOU to enhance their cooperation on the development of both derivatives markets.To get more news about cffex regulated forex brokers, you can visit wikifx.com official website.
This article will take the opportunity to introduce a brief market overview of the equity index futures listed at Osaka Exchange (OSE) under JPX and CFFEX.China and Japan have the second and third largest economies in the world in terms of GDP, so their sizable equities markets also have a significant presence. The market capitalization of the Chinese and Japanese equities markets at the end of 2021 was RMB 91 trillion (equivalent to around USD 14.4 trillion) and JPY 753 trillion (equivalent to around USD 6.5 trillion), respectively.
In addition to these cash-equities markets, both countries have active listed equities derivatives markets. The table below shows the types of the equity index futures listed at JPX and CFFEX.
As of December 2022, JPX has 16 listed equity index futures, underlying Japanese, overseas, REITs, and other indices, while CFFEX has 4 Chinese equity index futures.
In Japan, trading of Nikkei 225 Futures, the most popular listed equity index futures, and TOPIX Futures, a wide used product among institutional investors for hedging purposes, began in 1988.
Since then, JPX has expanded its product lineup and improved its trading rules and sophisticated trading systems to meet the demands of various players, including retail and domestic and overseas investors. JPX’s initiatives that have had a particularly significant impact on market expansion include:
Mini-sized contract futures, Nikkei 225 mini, were launched in 2006. Many Japanese retail investors rushed to equities and derivatives markets in the early 2000s, and the mini-sized products captured their trading demands.
A new derivatives trading system, J-GATE, was introduced in 2011 and upgraded in 2016 and 2021. This state-of-the-art trading system was developed by NASDAQ, providing market services at an international standard level for various investors, including HFTs.
The night trading session was introduced in 2007, and trading hours were extended until 8.00 pm in 2008, 11.30 pm in 2010, 3.00 am in 2011, 5.30 am in 2016, and 6 am in 2021. These changes provided further trading opportunities with overseas investors. In addition, JPX introduced holiday trading for derivatives markets in September 2022.
In China, the first equity index futures, CSI 300 Index Futures, were launched in April 2010, followed by SSE 50 Index Futures and CSI 500 Index Futures in April 2015, and CSI 1000 Index Futures in July 2022.
Upholding high standards with a focus on market stability, CFFEX strives to expand its financial derivatives product lineup to meet market participants’ diversified risk management demands. CFFEX’s chief efforts for market development are:
CFFEX has expanded market access for various types of investors. Over the years, CFFEX has witnessed a steady growth in institutional participation by catering to institutional investors’ hedging and investment needs.
CFFEX endeavors to steadily advance market opening-up, including catering to QFIIs/RQFIIs’ increasing needs to trade equity index futures for risk management purposes.
In consideration of global best practices and domestic market dynamics, CFFEX continues to improve its access channels, trading mechanisms, and risk control measures to ensure orderly market operations and safeguard transparency, fairness, and impartiality.
CFFEX has improved its IT infrastructure and data services. For example, CFFEX has secured three data centers to ensure continuous business operations: a primary data center, a same-city disaster recovery center and a remote disaster recovery center.
Trends in Trading Volume and Open Interests
JPX’s annual trading volume of equity index futures expanded to 338 million contracts in 2022, compared to just 13 million in 2000. Though the monthly trading volume fluctuated between 10 million and 20 million contracts, trading volume was recorded at its highest level in several decades in March 2020 due to market turbulence caused by the COVID-19 pandemic. In contrast, the open interest showed no remarkable trends, moving between a range of 1.5 million and 2.5 million contracts.
Genshin Impact remains 3rd highest-grossing mobile game globally since its launch
Two years after its launch, miHoYo’s global hit Genshin Impact remains one of the highest-grossing mobile games. It is also the largest title with gacha monetization by player spending.To get more news about recharge genshin impact, you can visit topuplive.com official website.
September 28 marked the second anniversary of Genshin Impact. Sensor Tower released a new report, calculating the game’s revenue and sharing other data.
Genshin Impact reached $3.7 billion in total player spending on mobile. It is up $100k from the August data.
It has been the third highest-grossing mobile title globally since its launch on September 28, 2020, right behind Tencent’s biggest hits, PUBG Mobile ($4.9 billion) and Honor of Kings ($5.5 billion).
China accounted for 33% of Genshin Impact’s total mobile revenue ($1.2 billion), followed by Japan (24%) and the US (17%).
Excluding China, Genshin Impact is the second mobile title by player spending, above Candy Crush Saga ($2.3 billion) and behind Roblox ($2.5 billion).
According to Sensor Tower, miHoYo’s game has also been the number one gacha game by revenue since 2020, followed by Rise of Kingdoms ($1.7 billion) and Three Kingdoms Strategic ($1.7 billion).
Even though the mobile games market is experiencing a downturn in 2022, Genshin Impact managed to continue its growth.
In the first and second quarters, the game generated $556 million (up 16% year-over-year) and $413.5 million (up 28%), respectively. However, analysts point out that its revenue could decline in the third quarter.
Sensor Tower called Genshin Impact the most significant new IP launch on mobile since Honor of Kings, adding that miHoYo succeeded by “combining an effective gacha monetization system with an almost industrial scale live operations strategy supplying regular content updates and popular new characters.”
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The success that Likee has achieved over the past year within the MENA region has been quite exceptional. It inspires local creators to unleash their talent by creating diversified video content filled with creativity enabling them to build communities that facilitates meaningful connections and engagements amongst one another. This is why Likee has cemented its position as being one of the Top 10 most downloaded social applications in the UAE and Saudi Arabia during 2021 – according to App Annie.
While keeping the upbeat momentum, Likee provides a significant opportunity for marketers across the MENA region. Through Likee’s ascending user traffic and entertaining interactive experience, more brands continue to open their mind to deeply engage users through Likee’s unique branding campaigns serviced by the BIGO Ads team. In fact, in 2021, PUBG Mobile already achieved unparalleled success multiple times with Likee.
PUBG Mobile is one of the most successful collaborative partnerships with BIGO Ads in 2021. This highly popular mobile game launched three hashtag challenge campaigns in Likee that included: a Halloween Campaign; a Reunion of Classic Modes Campaign; and its PUBG Mobile 3rd Anniversary Campaign.
PUBG Mobile’s campaigns were the top-performing campaigns in the MENA region, these three campaigns delivered over 276 million total impressions and 250 thousand video posts.
The BIGO Ads team oversaw the execution of all three campaigns. In fact, the #PUBGM_HALLOWEEN hashtag challenge was purposefully conceptualized to excite and captivate users with its distinct insight on Halloween and funny interaction experience.
During Halloween 2021, BIGO Ads designed the campaign mechanism to achieve a great balance between the Halloween atmosphere and PUBG Mobile gaming elements. The campaign combined classic festive elements like pumpkins, wizard hats, and zombies, attracting a significant volume of users to use the branded sticker for video creation. This creativity fit in perfectly with the young generation in the MENA region as it embraced entertainment and interactivity.
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BIGO LIVE Is Reporting Massive Growth In Streaming 2022
BIGO LIVE, a global leader in live streaming and creator economy, recently launched its server on Discord, the talk, text, and video communications service. And have recently celebrated its successful first 100 days on Discord.To get more news about topup bigo live, you can visit topuplive.com official website.
Established BIGO content creators, bubbling influencers and fans will now have more networking opportunities on the popular messaging board platform.
Adding to this working relationship and to celebrate the first 100 days of connecting the two communities, a variety of BIGO creators have been hosting on-demand AMA (Ask Me Anything) sessions across both platforms.
These sessions have allowed creators to share the crafts of their trade, professional tips, and insight into their successes as influential creators on BIGO. Some featured AMAs that have taken place to date including Guitargod, Princess Audrey and Kitty.
Guitargod is one of the most tried and true hosts streaming on BIGO LIVE today. When he’s not channeling his inner Jimmy Hendrix playing everyone’s favorite songs and riffs on guitar, you’ll likely find him discussing with fans what it’s like streaming on BIGO, his amazing setup and music culture.BIGO LIVE has around 400 million users and is currently the market leader in the live streaming industry. Launched in March 2016, BIGO LIVE is owned by BIGO Technology. As of 2019, BIGO Technology is owned by JOYY, a Chinese company listed on the NASDAQ.
In 2020, BIGO Technology, a smaller rival of embattled Chinese app maker ByteDance then, shifted its servers from Hong Kong to Singapore, out of the reach of a new national security law at a time when it is seeking to emphasise independence from its Chinese parent. The move, which follows India’s ban on the firm’s apps during this year’s flare-up in hostilities between New Delhi and Beijing, comes as the United States toughens scrutiny of Chinese-owned firms in one of its most promising markets.
The app, which has a presence in over 150 countries and regions worldwide, contributed 90% of Joyy’s revenue in the fourth quarter of 2020. It is the second-highest-grossing non-game Chinese app in overseas markets, second only to ByteDance’s TikTok.
In 2021, Bigo Live has helped over 500 broadcasters achieve over 1 million followers each, and it ranks top 2 according to App Annie’s 2021 Top Breakout Social Apps by consumer spending, living proof of this robust creator economy.
The same year, it raised $100,000 in donations through its Global BIGOer One World Together campaign for the World Health Organization’s Solidarity Response Fund for pandemic relief, and donated $10,000 to both The Trevor Project and Living Beyond Breast Cancer.
It hosted its third annual BIGO Awards Gala on Jan 14 this year to celebrate its most exceptional broadcasters from around the world. The gala took place on Bigo Live’s Music Livehouse Channel (Bigo ID: music). Amy and Iwapoyo from Japan and Vanruby from Vietnam held the top spots in the 2021 ranking of Top Global Broadcasters. Additionally, Japanese family BigWin was honoured as the Top Global Family on Bigo Live.The theme of this year’s Awards Gala 2022 was “Better Live, Better Future”, which is about empowering people to explore an infinite number of possibilities on its platform. This event also showcased BIGO’s foray into future-facing technologies such as computer vision, virtual reality (VR), augmented reality (AR) and more.
BIGO Live Thailand, in December 2021, hosted their first live virtual Gala Awards ceremony to celebrate the achievements of their top livestream broadcasters. Thailand’s favourite host celebrity, TopTap – Napat Chokejindachai, was the presenter for the event. The event saw the medley performance of Christmas numbers by BABE Agency, Kit Kittichai, and Mint Woraphonphat.
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Punjab Medical Council member Dr SPS Sooch said a medical kit in the ambulance and at petrol pumps can give great relief to the sick and victims of road accidents in an emergency. IMA, Phagwara, president Dr Jasjit Singh Virk said the initiative has been taken under the guidelines of Health Minister Dr Balbir Singh and IMA, Punjab, president Dr Bhagwant Singh.
IMA secretary Dr Rajiv Agarwal thanked the members for participating in the initiative. IMA co-secretary Dr Ramesh Arora, Dr Tushar Agarwal along with Dr Supreet Virk, Dr S Rajan, Dr Sohan Lal, Dr Vijay Sharma, Dr Rohan Parhar, Dr Inder, Dr Amit Sharma, Dr Kamal Kishore, Dr Mohan Singh and Dr Ashok Ghumber were among those present on the occasion.
This flight was made possible by the NATO-supported Strategic Airlift International Solution, which provides NATO countries participating in the programme with access to heavy transport aircraft. The Polish government had tasked the mission. Special procedures were in place to ensure the safety of the aircrew, with no direct contact with ground crews allowed.
The Strategic Airlift International Solution, or SALIS, provides NATO countries with a strategic air transport capability. Nine NATO Allies – Belgium, Czech Republic, France, Germany, Hungary, Norway, Poland, Slovakia and Slovenia – currently participate in the programme, managed by the NATO Support and Procurement Agency. The aircraft is operated by Antonov Logistics SALIS from Leipzig/Halle airport.
Regulated Forex Trading in South Africa
A lot of new forex beginners may never have heard the words ‘regulated' and ‘authorised' in the context in which they are used in the forex industry.To get more news about fspr regulated forex brokers, you can visit wikifx.com official website.
Simply defined, regulation refers to global supervisory bodies who are tasked to regulate forex by setting specific standards that the brokers who fall under their jurisdiction must comply with.
Such standards can include being registered, licensed, and thus authorised with the regulatory body, having frequent audits conducted, communicating changes of service to the traders that have registered accounts with them, and more.
These standards are unique to each regulatory body and their jurisdiction, however, they serve the same purpose, to keep traders and their funds safe.
What is the FSCA and its role in forex trading
Each country and region has its own regulatory body that regulates and authorises financial institutions or businesses that offer financial products and services to citizens within that country or region.
The Financial Sector Conduct Authority, also known as the FSCA, is the market conduct regulator of financial institutions within South Africa. The FSCA regulates and authorises the following financial service providers (FSP):
The FSCA works and to ensure that the financial sector is efficient and that customers within it remain informed and are treated fairly. This also ensures the provision of a stable financial market where consumers are both informed and protected.
It also ensures that those who jeopardize the financial well-being of consumers are held accountable for their actions or their attempts in doing so.
Why must you only use regulated forex brokers?
Regulatory entities such as the FSCA ensures that consumers are treated fairly, they are protected, and that they are informed; choosing a forex broker may be tedious, however, the most important aspect to verify when evaluating different brokers, is that the broker is regulated and authorised by a reputable regulatory entity in the country where the trader resides.
The reason for this, is that should there be any disputes, problems, or issues, and the trader reports the broker to the regulatory entity, it means that the problem, issue, or dispute can be resolved if the broker is found guilty of an offence.
When traders try to report unregulated brokers for the same reasons, it means that traders do not have support from any known regulatory entity, and that traders could lose their funds to fraudulent, illegitimate, or scam brokers who claim to have regulation, but do not.
When choosing a forex broker, traders cannot merely depend on the broker's claim that they are regulated and authorised.
Traders must ensure that they enquire about the corresponding license number that the broker was issued to confirm that they are both regulated and authorised to provide financial services and products.
Amidst the FSCA, there are reputable and trustworthy regulatory entities around the world who are the watchdogs over the forex market, ensuring that traders have access to a safe and secure trading environment.
Top 6 DFSA Regulated Forex Brokers 2023
While no single Middle Eastern regulatory agency exists, there are respected organisations in individual countries. The best-known regulator in the Middle East is the Dubai Financial Services Authority (DFSA).To get more news about dfsa regulated forex brokers, you can visit wikifx.com official website.
We understand that traders have different needs. Beginner traders may want a broker with excellent educational materials, while more experienced traders may look for a broker with fast execution and advanced trading tools. Others want high levels of leverage or low deposit accounts. The DFSA-regulated brokers below cater to these differing needs but are also listed because of their excellent reputations in the Forex trading industry.
What is the DFSA?
The Dubai Financial Services Authority, or DFSA is the local Dubai regulator of all non-banking financial activities and has oversight over all regulated brokers in Dubai.
What does the DFSA do?
The DFSA regulates financial activity in Dubai. It also supervises the Forex currency market to protect Forex traders from illegal actors and rogue brokers. Regulation is the primary way to establish trust in a Forex broker.
What is the goal of the DFSA?
The principal goal of the DFSA is only to regulate businesses enough to prevent unnecessary risks. In a letter dated July 24 2017, the CEO of the DFSA, Ian Johnston, issued new rules for OTC Derivate brokers accepting retail clients following an increase in the numbers of cross-border companies targeting the region.
These new rules mandated margin requirements dependent on the leverage used, outlawed using credit cards for making deposits (debit cards are still allowed), and required that all educational and marketing material is clear, fair, and not misleading.
Forex Risk Disclaimer
Trading Forex and CFDs is not suitable for all investors as it carries a high degree of risk to your capital: 75-90% of retail investors lose money trading these products.
Forex and CFD transactions involve high risk due to the following factors: Over-leveraging, unpredictable market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection for clients.
Traders should not deposit any money that is not disposable. Regardless of how much research you have done, or how confident you are in your trade, there is always a substantial risk of loss. (Learn more from the FCA or from ASIC)
Our Methodology
Our State of the Market Report and Broker Directory are the result of extensive research on over 180 Forex brokers. The explicit goal of these resources is to help traders find the best Forex brokers - and steer them away from the worst ones - with the benefit of accurate and up-to-date information.
With over 200 data points on each broker and over 3000 hours of research and review writing, we believe we have succeeded in our goal.
In a world where trading conditions and customer support can vary based on where you live, our broker reviews focus on the local trader and give you information about these brokers from your perspective.