What Is Futures Trading? Futures trading involves contracts agreeing to buy or sell an asset at a specific price on a predetermined future date. This asset can be a commodity like oil or gold, a security like a stock, or even a financial instrument like a currency. Futures are contracts to buy or sell a
What Is a Spot Trade? A spot trade, also known as a spot transaction, refers to the purchase or sale of a foreign currency, financial instrument, or commodity for instant delivery on a specified spot date. Most spot contracts include the physical delivery of the currency, commodity, or instrument; the difference in the price of a future or forward
What Is Investing? Investing, broadly, is putting money to work for a period of time in some sort of project or undertaking to generate positive returns (i.e., profits that exceed the amount of the initial investment). It is the act of allocating resources, usually capital (i.e., money), with the expectation of generating an income, profit,
Why do countries keep gold reserves? Because gold reserves are critical for the economic stability of a country, acting as a reliable store of value, particularly during financial uncertainties. The gold standard was a global practice in the late 1800s and a significant part of the 1900s. In this era, countries backed the value of
What Is Monetary Policy? Monetary policy is a set of tools used by a nation’s central bank to control the overall money supply and promote economic growth and employ strategies such as revising interest rates and changing bank reserve requirements. In the United States, the Federal Reserve Bank implements monetary policy through a dual mandate to achieve maximum employment
What Is the Federal Reserve System (FRS)? The Federal Reserve System (FRS) is the central bank of the United States. Often called the Fed, it is arguably the most influential financial institution in the world. It was founded to provide the country with a safe, flexible, and stable monetary and financial system.1 The Fed has a board of seven members
An algorithm is a procedure used for solving a problem or performing a computation. Algorithms act as an exact list of instructions that conduct specified actions step by step in either hardware- or software-based routines. Algorithms are widely used throughout all areas of IT. In mathematics, computer programming and computer science, an algorithm usually refers to a small
Changpeng Zhao, known as “CZ,” is the founder and former chief executive officer (CEO) of Binance, the world’s largest cryptocurrency exchange. Zhao founded Binance in 2017, which quickly grew in daily trading volume to more than $20 billion. An avid Bitcoin enthusiast, he amassed a fortune in cryptocurrency, but most of his net worth was due to his holdings
Curious about how crypto is already disrupting the world of finance? Here is a schedule of the events every financial professional will want to attend at this year’s Consensus 2024 conference to get you up to speed. Wednesday, May 29 OFAC Sanctions Compliance: The Good, the Bad, and the Ugly (10:30 AM CDT • 11:30
From the metaverse to real-world assets, Consensus represents the crypto industry’s “Big Tent” event. So whether you’re building tomorrow’s biggest crypto custodian or working on the bleeding edge of zero-knowledge proofs, these are the events you won’t want to miss. Wednesday, May 29 The OG Survivors (10:10 AM CDT • 11:10 AM EDT) Consensus Nine