The 18th National Futures (Options) Live Trading Competition and the 11th Global Derivatives Live Trading Competition, organized by Futures Daily, are in full swing. Lion Group Holding (LGHL.US) is the silver sponsor of this year’s competition and has been the designated broker for the competition for seven consecutive years.
As one of the most influential events in the futures industry, the live trading competition attracts numerous traders with its open and fair competition system and the opportunity to compete with top traders. Since the competition started over a month ago, the number of participants has continued to increase. As of May 8th, there are 190,500 participants with a total ending equity of 43.933 billion yuan.
Why is this year's competition attracting so much attention?
It is reported that the live trading competition hosted by Futures Daily is a major annual event that gathers industry resources and achieves mutual benefits for all parties. In 2023, the number of participants exceeded 150,000, an increase of 22% year-on-year; the peak value of participating equity reached 39.3 billion yuan, approaching the 40 billion yuan mark. There were over 100 cooperating institutions, including 88 designated brokers for the national competition, maintaining growth for seven consecutive years, delivering a satisfactory report card to global investors. The enthusiasm for participation continues to rise, with institutional investors and professional traders maintaining their market share and advantages, while the proportion of options traders has increased significantly, further optimizing the trader structure. The Futures Daily live trading competition continues to expand and strengthen the platform, integrating resources to the maximum extent and striving to act as a resource conduit and bridge.
The live trading competition's product popularity index has become a useful tool for understanding market trends
Since the start of this year’s competition, the global geopolitical landscape has remained tense, coupled with growing expectations of a Federal Reserve rate cut, leading to strong performance in most commodities. Based on the current competition situation, silver futures have become the most profitable product for participating accounts, followed by gold, Shanghai copper, and Shanghai tin futures. The most loss-making product for participating accounts is the CSI 1000 stock index futures, with other significant losses in industrial silicon, cotton, and palm oil futures.
A participant told a Futures Daily reporter, "The differences in the popularity index of different futures products can reflect their competitive position in the market. By comparing the popularity indices of various products, one can understand which products are more favored by the market, thereby optimizing their trading layout and strategy."
In the eyes of many futures institutions, the product popularity index helps them better grasp market trends and monitor investor sentiment, thus formulating more reasonable market strategies.
Currently, against the backdrop of a clear shift in US monetary policy and the frequent geopolitical conflicts that have triggered risk aversion, the prices of precious metals have repeatedly hit new highs. Senior industry analysts state that before the Federal Reserve implements rate cuts, the market maintains a relatively optimistic risk appetite, which can also be understood as good liquidity supporting market sentiment. The market's expectation of a rate cut by the Federal Reserve in June has strengthened, providing upward momentum for gold. However, the continuous record highs and accelerating rise in gold prices indicate extreme market optimism, with potential adjustment risks not to be ignored.
Lion Group Holding has been a partner of the live trading competition for seven consecutive years. Over the years, Lion Group Holding has received recognition from the organizers and the industry for its excellent performance, winning awards such as the Outstanding Investor Service Award (5th edition), the Outstanding Innovation Award (6th edition), the Outstanding Competition Organization Award (7th edition), the Outstanding Customer Service Award (8th edition), the Outstanding Investor Education Award and Outstanding Institutional Service Award (9th edition), and the Outstanding Innovation Service Award and Outstanding Institutional Service Award (10th edition).
Through deep cooperation with the trading competition, Lion Group Holding has rapidly developed and expanded. With operations and exploration in Hong Kong, Singapore, the United States, Dubai, Malaysia, and other countries and regions, it has become a one-stop trading platform operator offering a rich array of global full-asset popular financial products, with a comprehensive licensing system. Lion Group Holding effectively connects global investors with international financial markets, helping investors and investment institutions rationally, scientifically, and intelligently allocate global assets. Being the silver sponsor of this year’s competition is both recognition of past cooperation by the competition committee and affirmation of Lion Group Holding's future development.
Welcome all outstanding traders to actively participate in the event!
Registration period: March 4, 2024 - September 26, 2024
Competition period: March 29, 2024 - September 27, 2024
Competition official website: http://www.qhrb.com.cn/
About Lion Group Holding
Lion Group Holding Ltd. (NASDAQ stock code: LGHL) operates a comprehensive one-stop trading platform, focusing on providing investors with a wide range of products and services, including (i) Total Return Swaps (TRS) trading, (ii) Contract for Difference (CFD) trading, (iii) insurance brokerage, and (iv) futures and securities brokerage. In addition, Lion Group Holding has a professional and experienced SPAC sponsorship management team, which is becoming a leader in the SPAC field, helping guide private companies through the journey to listing while creating value for Lion Group Holding itself. Lion Group Holding is also committed to building a top-tier global one-stop, cross-chain, highly scalable Non-Fungible Token (NFT) trading market and is exploring innovative projects in the metaverse field through professional technical research and development operations.
