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The former official will take over the leadership of the technology department of the exchange platform, so he will bring all his experience to improve the operation and experience of the users in the & 9 [[[[[[[[[[[[[[[[[useoftheservice
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The exchange platform led by investors brothers Cameron and Tyler Winklevoss, Gemini, yesterday announced the incorporation of the old chief of the information area of the New York Stock Exchange (NYSE) Robert Cornish.
According to a statement issued by the company, Cornish would occupy the post of director of technology at Gemini, so that he is in charge of developing solutions, operational support and strategic planning for the platform of exchange.
Among the duties of Cornish will also badume the direction of service SMARTS Market Surveillance of [194590] 13] Nasdaq, which is a solution designed to track markets in real time. This project will allow Gemini to closely monitor all of its order and auction portfolios, a set of data serving as a benchmark for establishing the settlement price of contracts <a href = "https: // www.diariobitcoin.com/index.php/glossary/futuros/" data-cmtooltip = "
Assuming that the producer decides that his contracts will be $ 53 per barrel, the producer is obliged to deliver 1 million barrels of oil and you are badured of receiving $ 53,000,000.00 USD, regardless of the price of oil on the market the day the deliveries are made.
Speculation and Coverage
However, they may lose if the price of the product is ultimately lower than the purchase price specified in the future contract.
Futures Covers
To make a hedge, unlike speculators, there must be entities whose business is to use the product negotiated in the contract. When there is a gain in a futures contract, there is always a loss in the market price, or vice versa.
"clbad =" glossaryLink "> future Bitcoin marketed in CBOE Future Exchange, LLC .
In the press release, the CEO of Gemini ]] Tyler Winklevoss, explained:
Robert Cornish is a great addition to our team, his efforts will ensure that Gemini continues to provide the best possible experience for our users in platform management, setting the standards for # 39; excellence serve as a reference for participants in the cryptocurrency industry. "
This news follows the announcement made by the managers of the platform, in which they reported that 39 they received the corresponding regulatory approval of the city of New York to incorporate ZCash in its list of digital currencies activated for commercial activities
It is important to note that Gemini is a trading company of one of the most reputable trading platforms in the United States, which operates under the banking statutes managed by the State of New York and in accordance with the principles established by BitLicense. [19659004] Source: CoinDesk
Version By Angel Di Matteo / DiarioBitcoin
Image from Pixabay
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