[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio20882f17":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio20882f17","永续合约“抢饭碗”担忧过度-美银看多美国三大交易所","\u002Fdoc\u002Fdcio20882f17","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\n\u003C\u002Fp>\u003Cp>\u003Cspan>美股投资网获悉，美国银行分析师表示，在永续合约带来竞争扰动后，他们对美国三大交易所运营商“更加看多”，并指出这些公司的市场地位和客户基础仍具优势。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>今年早些时候，受离岸加密货币交易所和预测市场竞争产品的冲击，芝加哥期权交易所(CBOE)、芝加哥商品交易所(CME)、洲际交易所(ICE)的股价大幅下跌。虽然这些股票已从年中低点反弹，但仍远低于抛售前的高点。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Cboe竞品带来的抛售“反应过度”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>市场对竞争的担忧，很大程度上源于预测市场平台Kalshi推出黄金、白银和加密货币永续期货，并向监管机构提交申请，计划推出股票杠杆押注。所谓“永续合约”(perps)，允许交易者押注资产当前价格，而不受传统期货合约到期日的限制。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>芝加哥期权交易所股价从5月中到6月底累计下跌约30%。以 Craig Siegenthaler为首的美国银行分析师称，这轮下跌是“反应过度”，并指出该公司在股票期权领域具有结构性优势，且其客户群体以专业投资者为主，这降低了其他交易所竞争产品抢走业务的风险。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>芝商所诉讼或带来“双赢”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>芝加哥商品交易所正在就美国监管机构对永续期货的处理方式提起诉讼。Siegenthaler 认为，无论诉讼结果如何，芝商所都可能迎来“双赢”。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>如果芝加哥商品交易所胜诉，法院认定永续合约属于掉期而非期货，这可能减缓 Kalshi 和 Coinbase 等竞争对手的扩张步伐。Coinbase是美国最大的加密货币交易所。如果芝加哥商品交易所败诉，永续合约继续在美国被视为期货，那么该公司将能够利用其现有的标普500指数和纳斯达克100指数期货的独家权利。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>洲际交易所投资布局“两边下注”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Siegenthaler 表示，洲际交易所的特许经营权受到保护，因为该集团在商品期货领域拥有强大的机构特许经营权，并投资了具有颠覆性的离岸加密货币交易所OKX和预测市场平台Polymarket。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>他指出，与OKX和Polymarket的合作，使洲际交易所能够“两边下注”。这意味着，即使加密货币和预测市场侵蚀传统交易所的收入，作为纽交所母公司的洲际交易所也能通过其在该领域的风险投资获得回报。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Siegenthaler 还表示，洲际交易所的举措“看起来相当明智”。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"courseContent":87,"more":88,"buyNow":89,"subscribeNow":90,"encoding":91,"paidContent":92},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]