A bond is a debt instrument that the government, financial institutions, industrial and commercial enterprises, etc.

Economic expansion drives increased demand for gold jewelry, gold for technology and long-term savings, so there is a positive correlation between the price of gold and economic growth.

The world has seen a major stock market crash this year, a rare occurrence this year, and the Chinese stock market has also bottomed out repeatedly this year.

In the United States, money market funds can be divided into three categories according to the level of risk. 　　 In the United States, money market funds can be divided into three categories according to the level of risk. 　　 1, Treasury bill money market funds, which invest mainly in treasury bills, marketable securities guaranteed by the government, etc. These securities generally have a maturity of less than one year, with an average maturity of 120 days. 　　 2,Diversified money market funds, which are commonly referred to as money market funds, usually invest in a variety of marketable securities such as commercial paper, treasury bills, securities issued by U.S. government agencies, negotiable certificates of deposit, bankers' acceptances, etc., which have similar maturities as the aforementioned funds. 　　 3, Tax-exempt money funds, which are used primarily for short-term financing of high-quality municipal securities, also include municipal medium-term bonds and municipal long-ter

High transfer as a kind of speculation theme, relatively more in the stock market in the bull market stage, because it is more likely to be sought after by investors, and in the bear market stage because investors are relatively not keen on this theme, the situation of high transfer is relatively less. So how does the high transfer stock work?

Why hedge Delta risk? Delta risk can therefore be understood as a "directional" risk.

The differences between stock options and restricted stock lie in four areas: symmetry of rights and obligations, symmetry of rewards and penalties, waiting period versus confinement period and exercise price versus grant price.

There are many philosophies of life in investing that you can distil from events outside of investing, or you can learn from investing.

In this issue, Haitong Futures Options Department brings you an introduction to the BSM (Black-Scholes-Morton) model.

Early options trading in the US began in 1872, founded by the then famous financier Russell, and at that time included call and put options, the market was always OTC and required trading through brokers.