交易點差擴大原因公告

发布时间: 2020-03-25 18:24:14      浏览: 1453

Announcement on Reasons for  Spreads Extension

由於新冠肺炎疫情在歐洲擴散,自3月24日中午起,整個市場的高波動性導致現貨與期貨市場價差急劇擴大,全球各大銀行的黃金報價陸續出現問題,整個市場出現點差極高,時常中斷交易、以及主要經紀商的報價也各不相同的情況。在行情波動大或者市場流動性不足時, UPWAY金榮會根據實際市況採用浮動點差模式,市場恢復後,點差也會即時回落。

Due to the epidemic of COVID-19 in Europe, since noon on March 24, high volatility across the markets is leading to sharp moves between futures and spot markets prices. The gold quotes of major banks in the world have continued to have problems, and the entire market has extremely high spreads. Discontinued transactions and vary quotes from major brokers is happening. Upway 金榮 will adopt a floating method to adjust the spread fee according to the actual market conditions, because it is affected by the volatility and liquidity of the trading market, when the market fluctuates or the market is not sufficiently liquid. Spread will drop immediately after the market recovers.

針對以上現象,市場解讀原因如下:

Market interpretation of the following reasons:

1. 此前股市暴跌之時,由於杠杆基金爭相清算安全資產換取現金來覆蓋追加保證金,實物黃金遭清算。

1. Stock market plummeted earlier, physical gold was liquidated as leveraged funds scrambled to liquidate safe assets in exchange for cash to cover additional margin.

2. 英國下令封城,出於對倫敦市場價格失真的擔憂,原本基於倫敦市場的歐洲交易者湧入COMEX黃金期貨形成價差。

2. The PM of UK issues stay-at-home order, sending UK into lockdown to fight coronavirus pandemic. Due to concerns about price distortions in the London market, European trader orders based on the London market flooded into COMEX gold futures to form a spread.

3. 冠狀病毒摧毀全球的實金供應鏈,金礦停擺、航空業中斷導致實物黃金無法交割。

3. The virus has upended the global supply chain for precious metals. Gold mines shut down and airline industry disruption makes physical gold undeliverable.

4. 各國央行的量化寬鬆和財政刺激措施,導致市場對未來需求的預期大大提高。

4. The quantitative easing (QE) and fiscal stimulus measures of central banks in various countries have caused market expectations for future gold demand to increase significantly.

根據路透社消息顯示,芝商所(CME)將推出新的黃金期貨合約,並且正在與Comex和其他主要利益相關者緊密合作,以確保全球黃金市場的有效運轉。同時,為了穩定貴金屬市場, CME提高COMEX100黃金期貨維持保證金19.3% 以打擊市場過度投機的氣氛。

According to Reuters, CME to launch new gold futures contract with expanded delivery options due to the coronavirus outbreak. It is working closely with Comex and other key stakeholders to ensure the efficient operation of the global gold market. At the same time, in order to stabilize the precious metals market, CME raised the maintenance margin of COMEX 100 gold futures by 19.3% to combat the atmosphere of excessive speculation in the market.

UPWAY金榮將竭盡所能為我們客戶服務,對於未來幾日的金銀交易,投資者需要保持警惕,提防點差擴大情況再次發生的風險性。注意持倉風險,維持足夠的保證金水準,如帳戶保證金不足,本公司會強制平倉以防止風險擴大。

UPWAY金榮 is doing our best to manage these issues for our clients.  However, investors need to be vigilant for spread extension again in next few days. Please pay attention to the risk of holding positions and maintain a sufficient margin. If the account margin is insufficient, you will be forced liquidation to prevent risk expansion.


如您有任何疑問,UPWAY金榮客服部門提供24小時線上服務。

Upway金榮 offers all customers online consulting services for whole day. If you have any further queries, don't hesitate to contact us.


參考來源:

Reference source

https://www.reuters.com/article/us-gold-trading-cme/exclusive-cme-pushed-to-change-gold-delivery-rules-amid-coronavirus-lockdown-sources-idUSKBN21B3GC 

https://www.reuters.com/article/gold-trading-cme-futures/cme-to-launch-new-gold-futures-contract-with-expanded-delivery-options-idUSL4N2BI0KK 

https://www.bloomberg.com/news/articles/2020-03-24/scramble-for-gold-sends-new-york-premium-to-a-four-decade-high 


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