Latest news with #Futures
Cision Canada
23-05-2025
- Business
- Cision Canada
Trading With Confidence: Bybit Offers Zero-Loss Coverage and Educational Rewards
DUBAI, UAE, May 23, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has renewed its offers for trading beginners in a bundle of first-trade coverage and rewards this summer. The five-track Fearless Futures initiative has something to offer in every stage of crypto trading—from research to futures trading. Modeled after fitness coaching, Fearless Futures is a supportive package for fresh traders and learners starting their crypto trading journey. The comprehensive loss protection and rewards program offers derisking opportunities for first-time traders in sync with the market-wide rally, with BTC pushing above 100K and ETH regaining investor favor. Sophisticated product suites and knowledge sharing are becoming increasingly accessible to everyday traders, and Bybit continues to support the crypto community with professional-grade tools and flawless execution with millisecond precision. From now until June 30 or until prize pools are fully unlocked, eligible Bybit users will enjoy exclusive protection and rewards as they advance their trading levels: A Zero-Risk Introduction to Futures Trading: Eligible user's first Futures trade will be covered up to 50 USDT at Bybit should a loss occur. Vouchers are available for first-time Futures traders on Bybit until June 30, 2025. Carefree Copy Trading: New followers of Master Traders may claim up to 100 USDT in loss protection for Copy Trading. This welcome offer not only takes away the pressure of strategizing, but also reduces volatility risks. Copy Trading Vouchers can be used as margin and are up for grabs until December 30, 2025. Gold & FX Copy Trading: Another Copy Trading product tailored for Gold and FX matched the limited-time offer for first-time traders until June 30, 2025. It Pays to Learn: Before diving into trading, beginners may explore Bybit's Read-to-Earn initiative and get the basics down while dividing up a 18,000 USDT prize pool. Bonus Community Challenge: Signing up for the Bybit Learn Community will qualify eligible users for the Community Futures Challenge. The gamified experience incentivizes knowledge sharing and community engagement with a 2,500 USDT weekly prize pool, to be shared by top contributors in the leaderboard. The campaign benefits Bybit users at a strategic juncture when the crypto market continues its upward trajectory. Supporting the broader crypto community since 2018, Bybit aspires to help its users navigate volatility responsibly, become better traders, and be part of their progress. Registration and task fulfilments are required, and terms and conditions apply. For details, users may visit: Fearless Futures | Trade with Confidence, Not Consequence. #Bybit / #TheCryptoArk About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
Business Recorder
21-05-2025
- Business
- Business Recorder
PMEX set to launch first-ever deliverable contract in agriculture products
Pakistan Mercantile Exchange (PMEX) - the country's only one electronic platform to trade futures commodities - announced on Wednesday to officially launch its first-ever 'deliverable' contract in agriculture products i.e. sugar over the next two weeks. The exchange will offer buyers and sellers to discover the sweetener price, improve supply chain management, and discourage hoarding and speculations of the commodity in the country. 'PMEX is aimed at formally launching Deliverable Sugar Futures in 10 to 15 days,' PMEX Chief Business Officer (CBO) Zaki Ur Rehman said while talking to Business Recorder. This would be a 30-day deliverable futures contract of 12 metric ton each, he said. The Securities and Exchange Commission of Pakistan (SECP) recently approved the launch of the contract (deliverable sugar futures). The futures exchange (PMEX) considered it as a landmark step towards improving transparency and efficiency in Pakistan's sugar trade. Increase in sugar price: millers, distributors asked to stop overcharging The exchange is onboarding buyers and sellers these days, as there are around 80 sugar mills nationwide. The potential buyers could be anyone including confectionery and soft drink makers in the corporate sector. Rehman said this would was the PMEX's first ever deliverable futures contract in agriculture products. Earlier in 2023, PMEX offered trade in rice and maize along with an option to take delivery of the grain as well. 'However, such trade and delivery option were offered in association with EWR [Electronic Warehouse Receipts] operators in the country like Naymat Collateral Company Management,' he said. A press statement from the PMEX said sugar remained a major product in the agriculture sector. 'Unfortunately, it faced longstanding challenges including unregulated pricing, excessive speculation, hoarding, and supply chain inefficiencies. With the commencement of trading in Deliverable Sugar Futures at PMEX, the industry will gain access to a regulated, national platform that enables transparent price discovery, streamlined trading, effective risk management, and enhanced market documentation,' it read. The presser said, PMEX conducted roadshows in multiple cities including Sargodha and Lahore, the largest sugar trading hubs in Pakistan, bringing together sugar millers, brokers, traders, dealers, and large sugar buyers. $500mn earned through export of surplus sugar, says PM Shehbaz The sessions offered the participants detailed orientation to the new contract specifications, live trading demonstrations, overview of the account opening process and training on how to conduct mock trading on the PMEX before the contract launch, according to the statement. Speaking on the occasion, PMEX CEO Khurram Zafar there was a lack of structure and transparency despite sugar being one of the country's most traded commodities. 'With Sugar Futures, PMEX is turning the tide—ushering in transparency, price stability, and a future where fair trade leads the way,' he said.
Hindustan Times
11-05-2025
- Sport
- Hindustan Times
Tennis: Aryan takes first steps in steep pro tennis climb
Mumbai: In April, Aryan Shah looked to take a step up in the hierarchy of tennis tournaments. He has largely competed in Futures events – the lowest rung meant for lower-ranked players. But since winning a Future event in Ahmedabad in March, the 19-year-old found the belief that he was ready to push himself against better players in the Challenger division. And in only his third main draw appearance in a Challenger, the player from Bhuj reached the quarter-finals at the event in Abidjan, Ivory Coast at April end, which helped him become the India No.2 in men's singles. However, the youngster is quick to put the achievement into perspective. 'It's a nice feeling to be the India No.2 at 19, but if I'm brutally honest, it's a shameful (world) ranking to get to this stage,' Shah, the current world No.450, told HT. Sumit Nagal, the India No.1, is ranked 169. 'Nobody knows me (at this ranking). So, I definitely have a lot of things to work on, tennis-wise, physicality-wise and mentally. There's a long way ahead and I have to put my head down and keep learning.' Shah is doing just that. He is currently at the Schuttler Waske Tennis Academy in Germany where he plans to train for a few weeks before getting back on tour. His time in Abidjan ended not with a loss, but with him being forced to retire from the quarter-final match due to a shoulder injury. 'I feel like I've been playing some good tennis but the physical part has been tough,' he said. 'I have to keep working on it because I cannot push through a lot during tournaments.' It's still early days as a professional player for Shah, who was a modest world No.39 as a junior. But he has learnt the difference between the two divisions and is working at adapting to the seniors. 'They're big and strong. And mentally, it's a completely different ball game,' he said. 'They aren't going to give you the match. In the juniors, you might have an opponent who is not physically strong and may just tank. You get some easy matches. But here, they look for ways to beat you.' Shah is looking for ways to reduce the openings that can give the opponent an advantage. But in a sport that is becoming a domain for six-foot-plus players, it isn't easy. According to his ATP profile, Shah stands at 5-foot-8, a height does not make him a naturally big server, and so he's working on his return game. 'I move a lot better than the taller guys,' he said. 'I knew that I wouldn't be a big server, so I worked a lot of my return games – the footwork, the baseline play. I am an aggressive player and I can finish points at the net, so I just try to control the things that I can.' He has however spent a considerable amount of time working on his serve, which has started to pack in more power and accuracy with every attempt. For the time being, he's putting in the hard yards on the practice courts to better his craft. Now that he has found some success in the Challengers, he's looking to find consistency at that level while finding ways to keep improving. 'I'm hoping to start getting into the Grand Slam qualifiers by next season,' he added.
Time of India
03-05-2025
- Sport
- Time of India
Where are India's singles tennis players?
L-R: India's No.1 & 2 singles players - Sumit Nagal and Mukund Sasikumar The country has 9 players in the top 150 of individual doubles rankings, but doubles titles are not an indicator of the state of the game... In Feb, India hosted four ATP Challenger tournaments, categorized as the launch pad to the world stage. As the travelling circus pegged tents in Chennai, Delhi, Pune and Bengaluru, the common thread running through the tournaments was the lack of Indian presence in singles. Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW! by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dublin : Stop Buying Lotto Tickets & Start Doing This Instead Yukon Gold Learn More Undo Indian players featured in 13 first round, main draw singles matches in four weeks. Twelve of those 13 starts were courtesy wildcards. Only one player — Karan Singh in Bengaluru — came through the qualifying field. Who's that IPL player? The most worrying stat was that out of the 13 starts the host nation had only one match win in four weeks — Mukund Sasikumar in Delhi. Former No. 1 Somdev Devvarman asked the question on every stakeholder's mind: 'Who are we holding these tournaments for?' Briton Jay Clarke, who stayed on in India for eight weeks in Feb-March, had an average run in the Challengers, but the 26-year-old won two titles from four finals in Futures events held in Chandigarh, Ahmedabad and Bengaluru. Agreed, the India No. 1 Sumit Nagal, presently ranked 165, the only Indian in the top 450 of the ATP rankings, was competing in South America at the time. Still, this performance, or the lack of it at home in the biggest events India host, is unacceptable. At the same time, in these very weeks in Feb, India had a presence in the doubles final in all four Challengers, finishing with two titles, even though our best doubles players — Yuki Bhambri and Rohan Bopanna — were part of richer draws elsewhere in the world. India has nine players in the top 150 of the individual doubles ranking, thanks to Bopanna's 'Doubles Dream of India', a programme that supports Indian doubles pros. It was launched in April 2022 and offers resources like travelling coaches, physios and organizes pre-season camps. It is in singles, however, where Indian tennis enjoyed stirring success dating back to the 1960s. There was Ramanathan Krishnan, twice Wimbledon semifinalist 1960-61. Vijay Amritraj was a four-time Grand Slam quarterfinalist who rose to No. 16 in the ATP rankings. Ramesh Krishnan won eight ATP singles titles, rising to No. 23 in the rankings. Leander Paes was Olympics singles bronze medallist (1996) who rose to No. 73. Devvarman spent all but 12 weeks between Aug 2010 and Jan 2012 ranked in the top 100, scaling to No. 62. In women's, Sania Mirza – the pathbreaker — was ranked at a career-high No. 27 in singles. It was Paes (18 major titles, men's doubles and mixed doubles) in tandem with Bhupathi (12), who created the doubles pathway for Indians. A route that was blazed by Bopanna, who at 45, is the sport's poster boy for longevity. However, doubles and mixed doubles titles coming India's way aren't an indicator of the state of the game in the country. The most basic measure of the difference shows up in prize money on offer on the ATP Tour (not including Grand Slams), where in the 250, 500 and 1000 Series events, the singles prize money in a calendar year totals to $131,066,412 while the doubles pot is at $ 32,254,728. The difference in figures is four times. So, where then are India's singles players? Devvarman — who has long fought the difficult fight, and last year hauled the All India Tennis Association to court for being a 'serial offender' in violating the Sports Code — said it was no coincidence that every player India has produced since the 40-year-old started playing, save for Bopanna, has moved out of the country to pursue the sport. 'Our coaching system is not good enough,' he told TOI from his base in Chennai. 'How can people who were coaching when I was coming up in 1990, still be coaching? If this is quality, then why hasn't anybody coached outside India? Why don't we have the experience and the expertise to at least take someone like Mukund Sasikumar (India's No. 2, ranked 456) to the Grand Slam qualifiers stage? Indian tennis is missing young coaches to take us to the next level.' At a time when Indian sport has exploded in every other discipline, in areas like finance, expertise and audience attention, tennis appears to be receding into a deafening slowdown. Badminton has already seen its peak, chess is thriving, golf is flourishing, track and field is on the Olympic podium, the power disciplines — pugilists, wrestlers, lifters — are flexing their muscles and hockey is sounding the boards again. But tennis is languishing. The answer to the question of why India's best junior talents are based outside the country lies in the closure of the National Tennis Centre in New Delhi last year. It had no great results to write home about in four years. Poll Do you think Indian tennis is facing a decline in singles performance? No, it will improve. Yes, it's concerning. Manas Dhamne, 17, ranked 760 in the ATP rankings, trains in Italy. Maaya Rajeshwaran Revathi is 15 years old and is in Spain, as is 14-year-old Vedant Mohan, while the 12-year-old Bengaluru girl Srishti Kiran leaves in a week's time for the United States. She's on a 15-month tennis scholarship. Prajnesh Gunneswaran, the stylish left-hander who was ranked 75 six years ago when India had five men in the top 250 of the rankings, said the problem wasn't about infrastructure or opportunities. 'We don't have the support staff with the fire or knowledge,' Gunneswaran, 35, said. 'You can draw a line on a field and work with players if you know how to get things done. We have good infrastructure all over the country, but we haven't produced a single player.' Last September, in a Davis Cup Group 1 clash against Sweden in Stockholm, the Indian think tank displayed a remarkable lack of imagination or ambition by playing a doubles specialist in a live singles tie, then 'rewarded' another player for loyalty instead of blooding a young talent who would've gained in experience. Gunneswaran pointed at Asian rivals China and Japan, who in the last 10 years have invested heavily in hiring top coaches and trainers from Europe to improve their game. China now has three men aged 28 and under in the top 75 of the ATP singles ranking and two women in the WTA top 50 while Japan has seven men in the top 200 and an equal number of women in the same range. 'Now, 10 years later, the players that came through that system are investing back, helping the next generation of players,' he said. Sunder Iyer, secretary of the MSLTA and joint-secretary of the AITA, said the tournament cycle in the country had slowed to a trickle three-four years ago. 'I accept that we have lost a generation of players,' Iyer said, 'These last two-three years things have been better and we are already seeing results, like with the women in the Billie Jean King Cup recently, but there are things that we need to change in the tournament structure to help the younger crop of players.' Iyer added, 'We need to do in singles what we have done in doubles. Nothing has been done so far. It is the parents who are working for their children's progress.' The system is broken and until it's fixed, it's each player and their families to themselves. Tennis is a lonely sport, and in India there seems to be little love, especially for singles.
Yahoo
27-03-2025
- Automotive
- Yahoo
Wall St futures muted as auto stocks slide after Trump's tariffs
Futures tracking Wall Street's main indexes were subdued on Thursday, with auto stocks set to extend losses after President Donald Trump's latest tariff salvo. In a late-night announcement on Wednesday, Trump unveiled his plan to implement 25% tariffs on imported cars and light trucks effective next week, escalating global trade tensions. The benchmark S&P 500 index and the tech-focused Nasdaq broke their longest winning streak in over a month in the previous session, as investors adopted a risk-averse stance ahead of the auto tariff announcement. General Motors slid another 6.5% in premarket trading on Thursday, while Ford fell 2.9%. Tesla was little changed. "Investors will be frustrated by this announcement with few details... as this 25% number is hard to digest," Wedbush analyst Daniel Ives said. Uncertainty around Trump's trade policies has roiled Wall Street for weeks on concerns it could upend supply chains and hurt global growth. Market participants are now growing cautious ahead of the April 2 deadline when reciprocal tariffs are set to take effect. At 5:25 a.m. ET, U.S. S&P 500 E-minis were up 0.75 points, or 0.01%, Nasdaq 100 E-minis were down 16.5 points, or 0.1%, Dow E-minis were up 52 points, or 0.12%. At 8:30 a.m. ET, the market will get a reading of fourth-quarter's final GDP figures, with expectations set for a confirmation of a 2.3% uptick. Simultaneously, the initial jobless claims for the week of March 22 will be unveiled. However, the centerpiece of the week's economic indicators will be the personal consumption expenditures price index — the Federal Reserve's preferred measure of inflation — scheduled for release on Friday.
