 All right. So good evening, ladies and gentlemen to tonight's webinar. I may take the opportunity to introduce myself. My name is Marco Eichner. I've been assisting Tick Mill since quite a while already since the very initiation of the futures and futures option project. And recently I was assigned to implement small exchange with their amazing and our amazing team. And we are very happy that we launched small exchange a few weeks ago. And that's the very, very first webinar in cooperation with small exchange. Frank has joined us today from small exchange to help us more about the exciting part of small exchange and the futures trading for every day for every trader. We'll have a Q&A session afterwards, but in the meantime Veronica behind the scenes is supporting us with answering all your questions. So feel free to open a little button in the middle of the screen and for in all your questions. So I think that's everything I have to say for now without further ado. I'm keen to hand over to you Frank. The stage is yours. Thank you so much Marco. Yeah, we've got a lot of fun stuff to talk about here small exchange, a very new and exciting futures exchange that we launched here. In Chicago and currently on the west side of Chicago streaming to you all with a lot of information on futures in general. But then also I'm going to dip into what our products have to offer specifically in the future space. So yeah throughout the presentation please throw some questions in the Q&A section. The Q&A is off limits if you have questions just on financial markets in general futures and what the difference they are as a derivative relative to stocks and ETFs and everything else. But then also personal to our products here from the small exchange that we're super excited to be on board with Tick Mill here if you got some questions about those as well please throw them in the Q&A and we'll get to all of those at the end. And with all of that being said I'll give you a little bit of info about myself. I came out of college started trading at the Chicago Board of Trade here in the US and cut my teeth trading interest rates at the Chicago Board of Trade. Since then I have been brought on to the small exchange to help out with product creation and creating the content educating people in the future space and with our products as well. Futures have a lot to offer and we're about to get to all the exciting offerings of futures in general and then our products were really created for that everyday trader that smaller trader so that they can get all of those advantages of futures. So before I get into all the exciting stuff here is a disclosure that I am legally required to put in front of you or else I get in trouble from our compliance team. So just a couple seconds you can read it if you want. If you don't want to read it, then don't and we will move on right now so the smalls are main mission here is to make futures trading more accessible to more people we've got equities we've got metals we've got foreign exchange interest rates we're about to add energy to marijuana very soon and the whole goal is to not necessarily reinvent the wheel like we're not inventing a stock we're not inventing gold or the next you know precious metals or the next currency. What we are doing is making futures trading more accessible to the smaller trader, or just the everyday trader who maybe has a decent account size, but hasn't felt comfortable in the future space for a number of reasons. Big contract sizes confusing contract sizes and futures with those traditional futures products, we're going to get into how smalls make those accessible to more people in a second but I first want to make a little bit of a case for futures in general you know why would you do the extra work to break outside of stocks or ETFs or what you're comfortable with well first of all, the biggest pull for futures is they cost less they cost about 1 to 25% of the products worth relative to those stocks that make you put up either 50 or 100%. And so right off the bat your capital is more efficient when you look to buy or sell a futures on stock, as opposed to the stock itself, and this right there is a huge pull for futures and making that extra effort to learn this new product type. Also, you get direct access to hard to reach markets, like commodities we've got a gold, silver, and platinum product here that just requires a margin of $500, and you get direct access to gold, silver and platinum when you buy it, your long gold, silver and platinum when you sell it. You're short those three commodities, as opposed to having to go around this with gold or silver miners stocks that are that deal in that commodity same with the, the oil space you know we're about to launch a future that is direct to crude oil, as opposed to having to buy or sell oil stocks so that direct access is essential and it's really exclusive to this future space relative to stocks. Also, there's the simplification factor within futures, whereby you can have a very large complex ecosystem like a foreign exchange for example where you've got you know hundreds of foreign currencies out there in the world. What we do here at the small exchange is we take, you know, seven of the largest economies throughout the world and those largest currencies that go along with them, bundle them into one basket and create for you one single simple currency product here in the US dollar and our yield product here is kind of is still in that simple vein, but the flip side of that coin whereby interest rates are a complex landscape as well but because they deal with these fractions and these coupon payments and these different values of basis points called dvo one. What we did there to simplify that asset class is create one single yield product whereby you read news and you do your research in the interest rate asset class by looking at different yields different percentages. So we gave you a product that is just straight up that one yield that one percentage of the US Treasury rate there and once again, a nice efficient margin of just a couple of hundred bucks. And finally, once again the biggest pull for futures being that efficient capital. This is, you know, the simplification is great. The direct access is great, but at the end of the day, one of the biggest deals here in futures is being able to trade big swings with not that much capital you look at the return of the stock market over the last several months bouncing between zero and 15% the leverage and efficiency that you get with an equity future as opposed to the equity itself is just bigger swings for that dollar that you're posting that capital requirement bigger bang for your buck that will hopefully enhance returns of course there's risk on the other side of that coin but thankfully the small exchange futures pair this efficiency. These large swings for the smaller trader with small products so you're getting these bigger percentages you're getting these bigger swings on smaller products as opposed to high leverage big swings on big products so we do try to mitigate some of that risk and give you these large percentage swings but on smaller products there. So that is the case for futures themselves where's the small exchange come in. Well we take that efficiency that direct access all of those advantages that are posed in the futures world, and we pair them with that comfortable feeling of trading a stock. Oh it ticks in pennies and all the it's very comfortable to look at a stock price moving up or down and know that I'm in a world that makes sense to me and a lot of these futures traditional futures products they have different take increments that that can throw you off they they have different explorations and all these different things that can complicate the process and make it a chore to learn futures what we do is we take all those efficiency factors all those direct access pros if you will in the futures column we pair them with that ease of access of stocks and that creates for small exchange futures here so you get a little bit of a taste of what futures have to offer. Now I want to bring you into the world of what small exchange futures have to offer, because they take all that efficiency and the direct access and they package it up into a product that small standard and simple. And so you have efficient capital you know margin requirements in the single digits of percent you know our foreign exchange product for instance only requires one or 2% of the total product size, but we pair that with a small size that can be tailored to any account so you can scale that up or down, as opposed to some of these traditional futures markets that are already so large that you can maybe only do one contract or none, because they're so big standardization is also key to small exchange products here. We have one expiration every month that's it, no expirations on Wednesdays Thursdays Fridays all over the month, one day on your calendar there. Also, they have all the same tick increments just point zero one for every single product and each of those point zero ones is worth one US dollar as it ticks higher and lower the construction there making it extremely easy for you to jump from an asset class like to energy to stocks to foreign exchange without having to translate it to different expirations, different tick increments and different values altogether, making it very standard there. And that leads us to the last tenant here of the exchange, which is simplicity. We want the context there to be as clear as possible, so that you can have an idea on interest rates, you go straight to interest rates, you have an idea on stocks, you go straight to a simple stock market. The last thing we want to do is take your idea, given your research you're reading articles or your crunching and then make you have to learn things about our products before you go trade. No, we want you to take your idea to execution as quickly as possible. So I want to hang on that small factor, a little bit here and drill into that and then I'm going to link back up with Marco. And we're going to take a look at the platform and potentially take a look at a little bit of a small exchange trade here in the late afternoon in US trading hours it'll be interesting what we cook up there Marco but before I link back up with him. I want to show you what I'm talking about when I say efficient capital usage on a small product. So, once again, getting back to the start of my presentation. We didn't reinvent anything here we came to a futures landscape that has, you know, great stock products great commodity products and we said, there's something missing here. Where in there needs to be this efficient capital for stocks and metals and commodities and and everything, but it needs to be smaller, so that the everyday trader or the smaller account size, or even the bigger account size that wants to scale up and down has access. So what we saw when we first launched a year ago was futures contracts that give you efficient capital usage 1% that you have to put up to trade a product 5% for a lot of these stock products, but it was paired with products that were $50,000 $100,000. Some products right now, for instance, the Nasdaq futures over $200,000 and so you have the efficient capital. Yes, in percentage but that dollar amount is still making it too exclusive for you to access futures. So what we did is we took that same efficient percentage amount and we attributed it to products that range from $100. We're going to look at our smallest small exchange product, which right now has a product size of $150. And we have bigger products that get as big as a few thousand I think the largest product we have right now is about $16,000. And so that way you can take part in this efficiency you can take part in this direct access to foreign exchange and energy and everything else, and you don't have to bite off more than you can chew with these big traditional products. Now I want to illuminate that further with a couple of animations here because what you see in front of you is a stock product in the back and forth you've seen over the last several months, and you've got fluctuations that range from $100,000 at the lows to $200,000 at the highs. Those are big fluctuations when you're looking at the long term, or even the short term a lot of these equity index futures, moving two or $3,000 per day, that red line down there is us here at the small exchange and you'd say, well that's just a flat line there's no opportunity in that. But what we did was, we kept the same opportunity of for example stocks moving back and forth. We just made it smaller. So instead of a range from $100,000 to $200,000 over the last several months. And you got a range of about $2,000 to $6,000 same opportunity, just smaller size. And you can see this with the daily activity for our small stocks product for instance, relative to other large benchmarks in the equity index futures space that move, you know, as much as $2 or $3,000 per day we've seen some of these moves with Nasdaq SMP Dow futures that move on big days sometimes three or four grand, our products, almost all of them, whether it's stocks, metals, or foreign exchange and I'll actually just move through them here. It's not enough just to say it, they all move around 100 bucks. So maybe you're looking at gold futures, for instance, that move about $1 or $2,000 per day, ours moves about $85 per day and that's gold, silver, and platinum all in one product. Foreign exchange, very simple US dollar product, moves about 70 bucks per day relative to other currency futures that can move hundreds or even thousands, talk about Euro FX or Sterling or what have you. It's a much smaller product. They're also in interest rates. I sound like a broken record here, but it's the same deal where you've got smaller movements that you can scale up if you want to get, you know, three, four or $500 worth of daily movement in interest rates. You can scale up and our exchange rates are actually so low that you can do so at a small, efficient cost as well. But it's, you can't scale down those traditionally big futures and something we're really excited about that'll be launched next month from the exchange that'll be on your TICMO platforms is oil as well. It's going to be a big deal. You've got the crude oil futures, whether it's Brent or WTI moving, you know, $2,000, $3,000 per day, ours is going to move a couple hundred dollars per day. It's going to be a small oil product there as well. So what's really nice is that, you know, you've got that standardization, same TIC size, same expiration, I can jump from asset class to asset class very easily. And the size is constantly looking the same as well just to, you know, between $50 and $200 worth of daily movement relative to these futures that were way too big for the everyday trader. And this is our real, you know, calling card for our futures products is that we reduce the size there. We didn't change anything about the opportunity when we come through with crude oil, it's going to look and feel like crude oil, but it's going to be a smaller size so you can directly access that energy market without getting too large or too uncomfortable. And that goes down the line for a whole suite of products currently and what we're going to launch in the future. You can see here, some of the current margin rates that are at your disposal as small as under $100 for this small two-year product. That's the two-year short-term interest rate here in the U.S. It's been, you know, in the news a lot as our U.S. Fed continues to try to battle back and forth whether or not they're going to be able to hold rates at zero percent as our interest rates in 10 and 30 year, they continue higher. So that's an interesting market here, SPRE, that's our metals market. That's just a few hundred dollars in margin. Same with our technology stocks and the sticks, SFX being our small dollar, just a buck 85 to trade. In a small 10-year, just about $200 to trade, you can access with these efficient margins from the small exchange thousands of dollars in market exposure for just a few hundred bucks. And this is really empowering to that everyday trader, to that smaller account size that not institutionally sized trader to be able to trade all these different asset classes for as little as 60 bucks. And this is when I'd love to rope in Marco here to go to his platform and maybe look at what I think, you know, I love to hear myself talk and educate people on futures and everything. But the best way to learn sometimes is to just try it out. And this S2Y, Marco, I think would be a great spot to maybe pull up the platform and look at that S2Y product. Maybe just learn from buying or selling one contract and seeing that it moves just like a stock or whatever else that you're used to trading whereby if you buy it, you want it to go higher if you sell it, you want it to go lower. And what's really nice is that S2Y product lets you try out futures for really, I don't know of another futures market that's in existence that's smaller. What do you say, Marco? It's a good plan. Let's do that. I think we can talk the whole day about the amazing products and everything, but in the end it comes down to trading the product. I'm just trying to share my screen, just bear with me. You are all good, my friend. Zoom is just lagging a bit, so maybe I'm able to share the right one. And while Marco is getting that up, I do agree wholeheartedly. I studied mathematics here in the U.S. and it was a great four years of studying and learning about different markets, but you really don't know. You could read textbooks on futures and all this stuff, but trading it is really the way that you learn about these things and it's frustrating because those larger futures learning through actual trading got uncomfortable because you'd be learning through thousands of dollars worth of movement, which is just not that fun of a process. So I really would definitely advocate for buying or selling that really small two year product. It moves just a couple of bucks. I think it has an average daily move of about $20 and the margin is 60 bucks there. If you try that one out, you could just watch it move higher and lower. It's nothing crazy if you're bullish on a market like the two year interest rate. You think that interest rate is going to go higher. You just buy it. You think interest rates are crashing down to zero. You think they're going negative. You sell that product and it's the same for energy futures, stock futures, and everything else. And that two year is definitely a good place to learn because it's a great combination of low risk and actually practically trying out this new product type. Just, can you see my screen? Yes, sir, I got a login page in front of me. Perfect. So that's fine. That's exactly what I need. So for all our clients, when you open a life account, or a demo account, this will be the initial screen that you are faced with that's security desktop, our white labeled version of it. And we already had a couple of clients mentioning that security isn't really that user friendly. What we tried to do is to accomplish and solve this issue is creating a couple of different templates that are user friendly that also have everything in it that the need for trading. We have also an education section on our website, how to go through our templates, how to use them on a daily basis. And yeah, what the features are in there. So just feel free to go to our website on tickmail.co.tk under education hub that you can find the short videos that we lost a couple of minutes, two or three minutes each. And I think we have around about 10 videos. So it's easy to learn it's as you get into it, it's getting natural. So just to avoid any confusion. We will stick to this default template. And as you can see we have groups here with a different smoke exchange symbols. So these are all available front contracts that are trading at the moment. So I'm not sure Frank do you have an opinion. Are you allowed to have an opinion. If not, we might, we might ask our audience to chat if they have an opinion. I would love to take a look at either that two year product just because how small it is or if we want to look at metals or the US dollar I think those are really stock products are great but where we've really cut ourselves different from the other futures exchanges are some of those innovative interest metals. And like I said oil that's coming down the line. But I would love to get any if anybody wants to throw in the chat, like long interest rates or short metals or, or any opinions that they want to throw out there and we could just test something out here Marco I'd be more than happy to listen to all of the great viewers out there. I think it's, it's a good idea. Maybe Veronica, can you also write down a couple of names so we might have a small goodie after the webinar for some of you that participate. Just write down if we. So we are going. First of all, with the two year note. Maybe let me open the screen a little bit larger so that's a 30 minute chart on the two year small change notes so what I think long or short. Keep the positions open just for the sake of this webinar. Frank do you see the chat maybe for me. Yeah yeah I got you here. I mean the two year is a great place to test things out but it seems like there's some interest in. We have one viewer who wants to be short the British pound which would be long our US dollar product there. I wouldn't mind looking at the long SFX. That's a that's an interesting one got another person on here who wants to look at metals market. Maybe we can take that opinion as just, if we look at a long metals trade what do you think about that. Yeah, sounds great so let's do that metals. Change. That'll be the SP, yeah. SPME why 21. So let's maybe long right. Yeah, let's go for it. Let's try to get a fill. A little bit higher here. I'm just trying to work in the letter. It's probably that we have to lift the offer to get a fill because markets are slowly closing. Interesting time of the day here. We have so much so much movement in the metals throughout the last week or so but this is quite literally the last few minutes of the US session so our market makers are getting ready to call it a day so we might want to just lift that offer with that one lot what's really nice is you see the bid and offer here Marco of, you know, three or four ticks wide and you might say, well wow that's that's a pretty wide bid and offer that's only three or four dollars there per contract you've got been offer in Dow Jones futures or S&P futures and though they are tighter those are futures that have existed for decades. Ours have only been around for a few months because we're so, you know, new and very excited to be here in this industry but it's only a couple dollars wide in that three penny wide bid and offer so yeah it looks like we got a buy in there at 84 already one penny against us but what's really great Marco is that like now we're trying this thing out we're trying out futures and these products are so small that you watch them tick for or against you and it's only a couple of bucks in movement hopefully creating an experience that's comfortable for people throughout exactly yeah it doesn't create a lot of stress and it's it's very simple to to understand from tick perspective as you've already mentioned one tick or $1 per tick is pretty easy and I think if you think about the notion of value on the metal what is it maybe I think I have to so what's really nice is website and let me check maybe the battle. I appreciate that going to the site here because yeah we took a lot of time to create this great site if you want some more information go to small exchange.com but what's really nice with the standardization Marco is you can go from one product to the next, all of them are just $100 times the price so if you go back to your platform, you'll see that as the thing ticks up or down. It's very simple to just say, okay here at 72 70 that's just $7200 and 70 bucks there it's very quick and easy and that's why you jump to that two year, which is at a buck 50 1.52. That's just $100 times 1.52 it's $152 product so all standard all small and yeah we didn't place the right trade here looks like we're out about five ticks but that's only $5 very comfortable to try out futures here in small exchange. And this is also a contract that is somewhere in the middle I guess from all of the contracts that are available so the two years very very small the smallest of the small small and metal is somewhere in the middle. And the equities are I think a little bit larger if I'm not completely wrong, but it's very interesting so you can even have at this at the different contracts. There's a lot of difference between the size and the dollar values, the tick values stays the same. Absolutely that's what we really love here is is to get people trying out futures with that I love the way you put that the smallest of the small is that s to y product you don't have, you know, an opinion on interest rates, necessarily, you can try out that smallest of the small futures product I quite literally I don't think I'm gonna get in trouble for this but I don't know of a single futures market that's smaller than our s to y there. You can at least get a feel for how futures work and how they tick up or down, and then you can go on to bigger products at the small exchange whether they're metals, or US dollar or that oil product that's coming down the line. And also, you know, we are absolutely competitive with our other futures exchanges the CME is just down the street from us here in Chicago but, you know, of course we want you to take this knowledge of trading futures, and this wonderful access that tick mill gives you and go on to CME products or ice products, or your X or whoever, and those are kind of the bigger of the big boys in terms of products so yeah you start with that smallest of the small like Marco said, and you can kind of work your way around different products at the small exchange and different exchanges at large. Let's open quickly the smaller dollar index, because I think we had another opinion in the chat. So what was it a short or long. So, yeah, we had an opinion they wanted to be short British pounds which actually would be long this US dollar because it is US dollar against euro pounds. And these are in maybe Japanese yen so maybe we put in a long order here in this US dollar US dollars you can see has been screaming higher in the last couple of trading days, we definitely would be jumping on the trend here of long dollars and thereby short British pound thanks for that opinion there from. So what was that Mahavir thank you so much. Yeah, loving the interaction here, the different trades and yeah like Marco said, people that were thrown in some of those trade ideas, maybe get a little bit of a goodie from tick mill and the small exchange after the fact but Yeah, this has been great here Marco a nice look here at the small exchange products in the platform. It's, it's interesting if you look, especially at the beginning of the session. Sometimes the small products are even just a tick wide so it's not always that the ticks are getting wider. At the beginning of the session in the middle of the day. For example, for example, even at the end of the session we just have two ticks at the moment, and you can see a little bit of volume. I'm pretty sure there's also some hidden volume volume on from your market making side. So, not all of the spits and offers are. So it's not the total volume that is in there. So you can, you can even go in with larger chunks and pretty sure. You absolutely nailed it there yeah we've been working. We've only been around for a few months like I said very new and exciting here. It's not every day not even every year that a new futures exchange launches. Trust me there was a lot of work into launching this exchange but that being said you know we're still onboarding more market makers on a daily basis Marco and yeah like I alluded to a very ominous time in the US session here. The least liquid time to jump on with you all because it is that tail end of the US session and so it is nice though to see that we still have you know yeah two ticks wide moving up that bid and even lifting that offer you're only giving up $2 here to do so even at the tail end of the session the least liquid time here so yeah we'll see I guess by the end of the segment how this long metals long US dollar trade shakes out I actually said it's quite a nice little pair that'll be an interesting one to maybe check back on at the back end of this segment. Marco if you got anything else otherwise I can finish things up and there we go we lifted the offer and we've got a long US dollar at 4681 very cool hopefully that that bullish run that the US dollars been on the last couple of days will continue and thanks again for that input from one of our viewers here today. I hope as well just a little note on the margin requirement so we have two contracts on at the moment, we have this this dollar position and the metal position, and if you compare it with a micro product for example, and even though maybe we can also comment a little bit on the marketing of small exchange and you brought this point a little bit up a little bit before. It's interesting that with this $2,500 account, we just have a margin excess of $768. So we can even still add more, we can add another yield position we can add another tech position if you want to. So it's how I mean, that's the exciting part if you think about it. So where is it possible to get so much exposure in different markets, even it is basket it so in silver gold yields stocks, tech stocks etc, with such a little amount of money. And it was would be also interesting if you could give us also a hint on how much we could maximum lose even if the index falls to $0. I know that's a great point there and it comes from frustration from myself, you know, when I started trading futures right out of college at the Chicago Board of Trade and a lot of people on the on our team are former professional traders who were just sick of you know you're a pair's trade maybe one equity market against another equity market using old futures that would cost you margin in the tens of thousands of dollars here at the small exchange that's going to cost you less than a single thousand dollars to get those pair trades or like you said, you know I want to be maybe long metals, long foreign exchange, short tech stocks, long oil, you're still going to be having some of this capital left over because how efficient these products are relative to those older futures so that was our big push there is to make them small from a margin standpoint, and then also, you know, like we talked about with that s to why a great place to start out the smallest of the small, if that product goes to zero. That is $150 that's it you know you've got these other futures products, these traditional futures products that some of them if they go to zero. That's over $200,000 totally unmanageable from the smaller account trader there it's it's it's really been a big push of ours is to take all of these great advantages of futures and just make them easily accessible to everybody no more accessible only to large traders or institutions that are hedging oil production or institutions that are hedging, you know, metals mining or whatever, but make them accessible to everybody and yeah I saw right there so you bought that small two year at 155 to margin under $100 hard to find I think impossible to find in the futures landscape a margin under 100 bucks. And Marco if that goes to zero, if you're on the wrong side of that trade at worst $155 and what's more reasonable the daily fluctuations in this product about 20 bucks. So yeah, if you check this position 24 hours from now, you should be up or down about $20 and what's a little bit frustrating. Love your whole walkthrough here Marco. Unfortunately, we're on the wrong side all these trades what happened man we're down money and all of them crazy. I mean that's. I don't think it's good to blame blame our audience for that totally kidding totally kidding. But what's nice is that you know we're on. I mean it's it's normal. The hand that is giving is the hand that is taking. It has always been that and it will be in the future so you can't win all the time. At least maybe one position should be green at the end of the session hopefully. As you can see, we can even add more contracts. There's still some margin access left that we could potentially fill up. I won't do it now maybe it goes into even more into red. So let's keep it with these three positions that we mentioned and I think $150, I think we can afford this Frank. Of course, of course just joking around there you know we like I said the tail tail end of the US session it's a weird time it's more just nice to see the positions in the platform here and see that yeah even if you are you're read across all three of these positions. We're out less than 15 bucks man it's really nice to try out futures comfortably with the small exchange products and with that we could check back on these at the end if you want I can jump right back in and wrap this thing up man. Sure, we should also think about the fact that we were quite aggressive in opening this position so we did not try to. Let me maybe try to open zoom again. I know it's like. Where is the. You are all good Marco yeah, we will hopefully be jumping on with the end of the presentation a second but you're totally right that yeah we didn't for the sake of the presentation, we weren't working any of those orders we were just lifting offers and hitting bids to get everything in front of the viewer there. And the markets are actually moving in the middle of the US session or whenever you're trading, you'll see those markets both tighter and more activity so you'll be able to work in order and not have to lift that offer so thanks so much for running through this. And yeah again if there are any more questions by the end of the presentation here, throw them in hopefully we can do a little Q&A. By the time my time slot runs out with that being said I'm racing the clock so I'm going to share the screen and get back into this where we left off Marco thanks again for that man that was a great run through of the platform. I loved it so let's finish off the presentation here so from here I want to give a little bit of a strategic piece and of course I'm not going to. In the next 10 minutes show you oh this is the way that you need to trade futures and this is the best way to do it but I want to give you a little bit of a feeling for where you can lend your research and your trading style. To futures because they are built for new traders who are looking to affordably try products like Marco just did and existing traders looking to scale those ideas with just more efficient products and everyone in between maybe you've tried a couple CFDs or anything else and you want to try out these futures everybody we created these products for everybody to be able to access and hopefully enjoy some of the strategy around them with that being said you know speculation in the long term is a huge point here to hit with the small futures because you know maybe at the start of the year you thought interest rates were going to move higher as they have and you can see here with the s 10 y product that's the 10 year US Treasury yield. If you had bought that interest rate product at the start of the year year you'd be up $600 a nice chunk of change per contract and if you're on the short side $600 isn't anything that's necessarily going to maybe break the bank as opposed to you know three months of action and other futures usually in thousand so $600 of upside for a long yield position and would have yielded you more than 200% in returns since 2021's start here which is is really powerful you know to have an idea on something like interest rates or like our viewer had you know short dollars or pounds long dollar and see accesses of a hundred or 200% in your returns for that speculation and the same thing goes for short term and this is what I think is really important for futures trades is short term speculation that's where we've seen most of our interest and that's what I'm most intrigued by is day trading you know an intraday strategy whereby I'm long or short a position and I'm covering it by the close. This is something that is exclusively accessible with futures because you have those efficient margins and even trading margins at some points you'll see even smaller margins if you do open and close a position intraday there and also you don't have to deal with pattern day trading regulations that you have on a lot of stock and option markets whereby you know say you buy a share of a stock and it goes in your favor that day you're actually not supposed to close it that day and if you commit some of these pattern day trading rules here if you if you break this rule a couple of times you're actually not flagged and given further restrictions futures no pattern day trading rules and so you can buy or sell stocks and cover that position in the same day you can manage that risk and take profits in as as small as a couple of seconds a couple of minutes and not to worry about any regulations and also with that being said it's a lot easier to sell in the futures market than it is in a lot of different places where it's costly or sometimes impossible I'm sure a lot of you saw the news of you know trying to get in to buy and sell GameStop or some of these other stocks futures don't have that problem it's very equal on both sides if you want to be long it's X amount in margin if you want to be short it's the same amount there which makes it very easy to have long and short biases here you know maybe you got to jump on the stock market and this is an example from earlier this year when we saw a big move lower in equities you can easily sell and then also cover that position in the same day in a way that's efficient in a way that's easy there and doesn't cause any concern around further restrictions now why would you day trade here why would you like take a look at small futures for the opportunity of short term speculation. Well because it's a different type of opportunity, and I was just talking with a colleague earlier today, who was in the long term bearish on metals, but given the last 48 hours of selling that we saw in gold and silver. So he was looking at the SPRE futures that we just got long for a short term bounce so this is really, you know, I think empowering to have your portfolio chopped into these different types of opportunity, which can be long term biases and short term positions which I think these small futures are perfect for given their small margins, and their, you know, diversity of asset class, and also this day trading allows for a great risk reduction. When I was trading at the board of trade we actually weren't allowed to go home with futures positions still on. And what that does is that, first of all takes a lot of anxiety out of your life in your portfolio from having to worry every time you go to sleep. What these positions are going to look like in the morning so you're speculating in the short term it's a new opportunity and you're avoiding overnight risk of something occurring. And lastly you're diversifying your portfolio from just a bunch of long term positions there oh I think that stocks are doing this in the next six months I think that metals are doing this and energy is doing this. You can have those working in the background of core that's what I would call your core portfolio, but you can also have up to the minute ideas you know maybe the the ECB comes out and says something, and you want a quick reactionary trade in interest rates. That's a very different outlook than those long term positions and futures are great for that with the day trading here and with all of that being said, speculation comes on the long and the short side or both maybe in the same day. Now how do you find whether or not you want to be long or short at the end of the day of course that's going to be up to your opinion. I myself am a stats guy. I usually try to look at the numbers look at what can maybe push the odds from 50% to 55% to 60% and one thing that I do look at, and what's really nice and clean with the standardization of the small exchange products. The standard deviations here, which let me know what the average range is and Marco actually had the Bollinger bands up which is the same thing there in your charting package showing you the standard deviations around the the price chart so right there you can get it in your platform. And what I do is I look for a movement outside of the standard deviations once we get outside of what is deemed a normal range or the Bollinger bands for Marco's platform. That's when stuff starts to get interesting. And that's when I think your opinions and whether you want to be long or short has the greatest opportunity there's not a ton of great I mean we were just looking at it. There you know the end of the day here in the US stuff wasn't moving back and forth, but in the middle of the day, you've got this big move lower outside of this the normal range the standard deviation the Bollinger band, and then you see all of this back and forth here all of the the bounces the sell offs and everything else for you to wrap an opinion and a trade around, and then it just becomes okay, I've got the products. I've got what I'm looking for which is a little bit of a statistical range whether it's the standard deviation or the Bollinger band, and now all I need is my opinion. Am I a contrarian? Or am I a trend follower when stocks sell off and I always joke about this it's almost like a Rorschach test, you know, like if stocks, if you see a price where the thing is just sunk. Do you think it's going to go higher or lower, if you think it's going to go lower, then you're probably a trend follower and that's what you're looking for maybe you look for this lower day in the stock market, and a bounce back to sell into. A chart like that of something that's sinking lower and you think, hey, that thing is due for a bounce, then you're probably more of a contrarian, and you're looking to buy something at a low price, and then sell it back higher vice versa on a big strong day. We saw a big rally and crude oil today. You probably be looking to sell into that rally which really nice about short term speculation day trading and the small futures in general is both opinions can be right. There's so much opportunity in any given day as long as you're looking for stuff that is moving and you're working within products that are sized for you and efficiently like the small exchange products are. And on this exemplary day, be right from the long side and the short side and it's a really empowering thing here to have efficient futures that are sized well for you the everyday trader and start to work them into that portfolio. I hope that you all enjoyed this information you will work these into your portfolio in the in the new the near future because it's been a blast creating the product and we've seen a lot of people enjoying the opportunities that small stock market small metals and small foreign exchange offers so with that Marco, I am done spilling about whatever I'm talking about here and can throw it back to you to close this thing out it's been a blast talking about futures, and please yeah go to small exchange calm for more information on our product specifically, we can go through a couple questions here if you have any other questions you can email me at frank at the small exchange calm and I'll answer your emails there but Marco let's run through if there's any questions that you're seeing on your side. I have a couple of interesting questions, especially on the crypto side of things so all people are very keen on cryptocurrencies. Are you someone planning going to crypto having a basket of crypto, or is that something that is completely out of the way. Marco, not only are we planning on it we have meetings on it every single day. We're planning to hopefully launch with a small Bitcoin contract that can do exactly what we do in these other asset classes, you know, not invent a cryptocurrency, but invent a product that makes it more accessible and more efficient to trade that crypto currency so yes those are in the works right Now, in the near view here we have small oil product that's due to come out very soon after that small marijuana and crypto. So yeah all of the people out there. Hopefully you can get your hands dirty with some of these other small futures in the meantime but we will have that as soon as we possibly can we talk about it every day. There are a few contracts there are all cash settled that was one of the questions so that's absolutely correct. Maybe you want to add a few words to this. Oh no that's that's a great question. Love the heady question there yeah cash settled futures here at the small exchange. Definitely staying away from physically settled and so what happens is on an expiration day if you're long or short any of these contracts. So all that you'll see is your account credited or debited the difference between where you bought it and where it settled to cash on that day. And that's it. You know you have nothing else to worry about no other obligations. We really felt that cash settlement was the most practical for the everyday trader. We had also that's interesting thank you we also had a few points on the fees. Especially also the market data. What about the costs compared to other futures exchanges. So market data is free for small exchange products for now and the foreseeable future yeah no market data fees for anyone to get onboarded and get up and running trading small exchange products. We're going to try to keep that at zero or as low as possible while also keeping these lights on around me. I don't have to worry about market data fees for at least the foreseeable future transaction fees from the exchange as low as we could possibly get them. I think they're a 15 cents per contract. We also have a subscription offering that cuts those in half for people who are subscribing and I'm sure we're going to give these people more information about this Marco in the near future so don't worry about that subscription. Which is no for right now. Yeah per contract. It's 15 cents for our exchange transaction fees no market data fees net 15 cents I'm pretty sure is lower than the micros the E minis and everything else out there in the futures landscape. If we if we really compared with others like it comes very close to free trading almost so you pay a couple of cents. And it's even lower than or if we also add our commissions. It's something like it's something like one tick of one of the small exchange contracts, which is pretty low and there are no market data fees. So that you have to pay is maybe for platform if you have a private level, or if you want to sign up with CQG. But can you get more real market for for a smaller amount of money. I, I really doubt that. Oh yeah it's it's crazy we once again it that mission statement that I let off with is truly baked into everything we do at the small exchange accessibility to everyone. And, and we, we baked that into our cost as well I I don't know of another futures exchange that's up and running that has smaller products and smaller costs as well Marco so yeah great question glad to feel that one. We have another one. What about because most people come from the CFP side and they always have this mindset of they are trade they are trading against somebody else liquidity provider multiple liquidity providers. Or even a market maker so how how does it work with the futures exchange and especially on your side. Who, who are we are we trading against with small exchange. So yeah, we have liquidity providers here in the US and actually abroad, but it isn't this contract for difference or anything like that it's it's quite literally. And a funny thing that I always encounter is like, you're not necessarily trading against anyone because, for instance, our example to start in the middle of the presentation was, you know, you buy metals, and you win if metals go higher. And who sold you that metals contract yeah probably a market maker, but they're working, you know in such granularity they're looking to offset these positions so small and so short term. And that it's a scenario whereby hopefully at the end of the day or week. Everybody wins because they're looking to take a buck maybe you're looking to take $10 and and in that back and forth there isn't the yeah the CFD I know is a little bit more specific with trading against people in the contract for difference. It's quite literally with our metals position that's gotten better it's gotten better it was down about $8 now it's down three, but you just you just want metals to move higher. It's not a spread trade or anything like that. Maybe let's keep it on keep it on for a couple of days and see what happens. So, yeah, that's that's the outcome. Of course, it's the end of the session. It hasn't moved a lot, but still, it's ticking and it makes quite a lot of fun. So, I think we also pretty much done with our presentation so thank you very much for your valuable time tonight I know for some of you it's quite late for Frank maybe not. I hope you have enjoyed the webinar and he brought some value for you guys and don't forget to look at your at our education section to learn about our security platform. So, I showed you maybe I show you quickly where to find on our website on the client tools education hub. Hopefully it's loading quickly. Yes. So just scroll down to the bottom. There is a security education videos. As you can see, if you click to one of them, you have seven to eight videos and it explains you how to navigate through our platform how to get started with it. So, if you have any other questions to us, specifically, feel free to contact our support under support at tichmail.co.uk. And maybe you can also mention your email that's once again Frank, and from my side, I wish you all a good night. Yeah, absolutely. Frank dot kabirna actually no just simpler support at the small exchange calm support at the small exchange calm. I'll get in there and field all the questions they'll get forwarded on to me and yeah thank you so much for tuning in from wherever you are tuning in from. Hit us with any questions after the fact Marco thanks so much for having me this has been a blast. Thank you Frank. Have a nice one. Bye bye. Yeah. Yeah.