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Futures news on May 30: 1. The trading volume of WTI crude oil futures was 903,363 lots, an increase of 187,422 lots from the previous trading day. The open interest was 1,969,447 lots, an increase of 17,221 lots from the previous trading day. 2. The trading volume of Brent crude oil futures was 171,849 lots, an increase of 22,484 lots from the previous trading day. The open interest was 219,314 lots, a decrease of 748 lots from the previous trading day. 3. The trading volume of natural gas futures was 463,654 lots, a decrease of 17,616 lots from the previous trading day. The open interest was 1,499,574 lots, an increase of 6,811 lots from the previous trading day.On May 30, Bank of America Securities published a research report stating that Ideal Autos first-quarter earnings performance was in line with expectations, with a gross profit margin of 20.5%, higher than the banks forecast of 20.1%. Management revealed in a conference call that preparations for the launch of the pure electric SUV are progressing smoothly, and it is expected that the Ideal i8 and i6 will be released in July and September respectively. It is also expected that by increasing production capacity, the sales of the Ideal MEGA model will be increased, and it is expected to reach 2,500 to 3,000 units by July. Bank of America basically maintained its profit forecast for this year, and raised its Non-GAAP net profit by 2% next year. The target price of Ideal Autos ADR rose slightly from US$32 to US$32.1, and the target price of its H shares was HK$125. Based on good gross profit margin management and strong free cash flow, it reiterated its "buy" rating.Volkswagen CEO: Volkswagen Group plans to invest further in the United States.Volkswagen CEO: Held "fair and constructive" talks with the US government on tariffs.NIO (09866.HK) saw its losses widen to 5% in the afternoon.

Cboe says Robinhood and Virtu among potential equity partners in crypto exchange

Jimmy Khan

Aug 26, 2022 16:23

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Several market players, including retail brokers and market makers, are being spoken to by Cboe Global Markets Inc. about acquiring strategic shares in ErisX, the exchange for digital assets it just bought and will rebrand as Cboe Digital.


According to Cboe, the possible equity partners include IG Group-owned tastytrade, Jump Crypto, Virtu Financial, Interactive Brokers, Jane Street, and Robinhood Markets Inc.


The "soon to be formalized" equity partners, which include Fidelity Digital Assets, Galaxy Digital, NYDIG, and Webull, will support ErisX alongside the anticipated commercial partner companies, according to Chicago-based Cboe.


Cboe Chief Executive Officer Ed Tilly said, "ErisX was formed with the purpose of creating transparent, well-regulated markets for digital assets, and we are thrilled to further accelerate on this ambition with increased support from our partner organizations.


As the foundation of its new Cboe Digital business, Cboe completed the purchase of U.S.-based digital asset spot market operator Eris Digital Holdings (ErisX) in May, which also featured a regulated futures exchange and a regulated clearinghouse.


Due to the collapse in the price of cryptocurrencies, Cboe said last month that it had written down $460 million of its acquisition of ErisX.


On October 20, when the price of bitcoin surpassed $67,000, Cboe declared its plan to buy ErisX. Since then, the value of digital assets has fallen precipitously, with bitcoin presently selling between $20,000 and $25,000.


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