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How Bitcoin Futures Trading Platforms Adjust Their Instruments Amidst Bullish Market: Case of Huobi

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In 2020, crypto derivatives trading replaced spot trading as the most popular digital assets exchange segment. To meet the increased requirements of sophisticated and retail traders, Huobi Futures – the derivatives arm of Huobi Global crypto exchange ecosystem – introduces new instruments.

Huobi Futures meets bullish run locked and loaded: novelties and adjustments

Launched in December 2018, Huobi Futures is a crypto derivatives ecosystem of Huobi Global, one of the oldest digital assets exchanges. Huobi Futures delivers the services of contracts and options trading on multiple currencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Huobi Token (HT), Filecoin (FIL) and so on.

To guarantee all customers an advanced level of trading experience, Huobi Futures introduces daily settlements and stop-loss/take-profit instruments.

Daily Settlements

Starting from Jan. 7, 2021 (GMT+8), Huobi Futures implements daily settlements for coin-margined futures. This option allows traders to build a much more flexible strategy since they can withdraw realized profits promptly after daily settlement at 16:00.

Therefore, there is no need to wait for Friday: trading strategies can be adjusted daily and clients can spend money more effectively.

Types of contract (expiration period) Conditions before adjustment Conditions after adjustment
Weekly Delivered at 16:00 (GMT+8) every Friday Delivered at 16:00 (GMT+8) every Friday; settled at 16:00 (GMT+8) every day except for Friday.
Bi-weekly Settled at 16:00 (GMT+8) every Friday Settled at 16:00 (GMT+8) every day
Quarterly Settled at 16:00 (GMT+8) every Friday Settled at 16:00 (GMT+8) every day
Bi-quarterly Settled at 16:00 (GMT+8) every Friday Settled at 16:00 (GMT+8) every day

TABLE: Huobi

Initially, the service is offered on a trial basis until June 30, 2021 (GMT+8).

Stop-Losses and Take-Profits

Major risk management instruments – namely, stop-losses and take-profits – should be referred to as the position-closing orders with preset trigger conditions (trigger price of take-profit or stop-loss order) and price.

Setting stop-losses and take-profits eliminates the need for traders to control price moves manually and place ordinary market buy/sell orders.

Rationale

To allow traders to get the most out of a fluctuating market during the bullish rally, Huobi Futures implements stop-losses and take-profits features for coin-margined futures, coin-margined swaps and USDT-margined swaps in the web interface and API version of the trading engine.

New instruments have been available since Jan. 7, 2021 (GMT+8).

How do SL and TP work on Huobi Futures?

Stop-losses and take-profits can be settled for both existing and new positions. Users can set a take-profit order or stop-loss order for a certain position, or set them both at the same time. To illustrate the way that stop-losses and take-profits work, Huobi Futures summarized examples of the behavior of new and existing positions with these instruments activated.

Set a take-profit and stop-loss order when opening a position
Take-profit and stop-loss order Open Long (Buy) Open Short (Sell)
(Close position)Take-profit order Price of limit order<Tigger price of take-profit order Price of limit order>Trigger price of take-profit order
(Close position)Stop-loss order Price of limit order>Trigger price of stop-loss price Price of limit order<Trigger price of stop-loss order
Set a take-profit and stop-loss order for an existing position
Take-profit and stop-loss order Long positions held Short positions held
(Close position)Take-profit order Latest price<Trigger price of take-profit order Latest price>Trigger price of take-profit order
(Close position)Stop-loss order Latest price>Trigger price of stop-loss order Latest price<Trigger price of stop-loss order

Both types of orders work for closing positions only. Once the position opening (limit) order is fully or partially filled, corresponding stop-loss and take-profits orders go to ” placed” status. Simultaneously placed take-profit and stop-loss orders are interrelated: once the first one is triggered, another is canceled immediately.

How to set stop-losses and take-profits

Stop-losses and take-profits can be placed for existing and new positions, so risk adjustment can be done simultaneously with the opening of trade or after it.

How to set stop-losses and take-profits for a new position

Trader Alice treats 17,000 USDT as a reliable level of support amidst a falling Bitcoin (BTC) price. Meanwhile, a brutal correction may follow if bears manage to suppress BTC below 16,800 USDT. But the 18,000 USDT level is most likely the closest resistance, so it would be interesting to take profits at this level.

As a result, Alice decides to enter the trade at 17,000 USDT, set the stop-loss at 16,800 USDT and the take-profit at 18,000 USDT.

To realize this strategy, she needs to set one limit order, SL and TP. Thus, she needs to choose “Limit order” – “Stop-limit” options and customize the order conditions:

Image: Huobi

Once the order is set, Alice needs to push “Open Long (Buy)” to make it active. The status of stop-losses and take-profits can be checked in the “Open Orders-Limit Orders” menu.

Once one order is triggered by price moves (either SL or TP, whichever comes first), another one becomes invalid automatically.

How to set stop-losses and take-profits for an opened position

Setting SL and TP for a position that is already opened looks slightly easier. If trader Bob is in a long position from 17,000 USDT/BTC and the price of the king coin inches closer to 18,000 USDT, he may be ready to take profits. He can do it in two ways: by USDT-denominated price and by profit rate.

Choosing the “By Price” method, Tom is able to set 18,500 USDT as a “take-profit” price and 17,500 USDT as a “stop-loss” price. Once two orders are active, they act similarly to Alice’s.

Also, Bob can choose the “By profit rate” mode and decide which profit would be sufficient for his long in this particular market situation.

Bottom Line

Bitcoin Futures should be referred to as speculative contracts that provide traders with exposure to crypto markets without buying tokens directly. Huobi Futures is a reliable vendor of Bitcoin (BTC) futures trading services.

To ensure maximum trading efficiency, its team introduced daily settlement of futures (instead of weekly), as well as stop-loss and take-profit instruments for coin-margined and USDT-margined positions.

Trade on Huobi Futures: futures.huobi.be

Twitter: https://twitter.com/HuobiFutures_

Telegram Chat: https://t.me/HuobiFutures_en

 

Source: https://bitcoinist.com/how-bitcoin-futures-trading-platforms-adjust-their-instruments-amidst-bullish-market-case-of-huobi/?utm_source=rss&utm_medium=rss&utm_campaign=how-bitcoin-futures-trading-platforms-adjust-their-instruments-amidst-bullish-market-case-of-huobi

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Apparel manufacturers reduce chargebacks with thermal printers

Footwear, apparel, consumer electronics, and other consumer goods manufacturers and suppliers can incur tens… Read more »

The post Apparel manufacturers reduce chargebacks with thermal printers appeared first on Logistics Business® Magazine.

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Logistics BusinessApparel manufacturers reduce chargebacks with thermal printers

Footwear, apparel, consumer electronics, and other consumer goods manufacturers and suppliers can incur tens of thousands of dollars in chargebacks per year solely from shipping carton barcodes that do not meet specifications. Strict barcode requirements set forth by the International Standards Organization (ISO) must be met, and accuracy is imperative.

Using TSC thermal industrial printers with integrated barcode inspection systems, manufacturers can scan and grade their barcode labels before they are placed onto shipping cartons, reducing chargebacks and enhancing efficiency. Keep reading to learn more about how our thermal printers deliver these results.

High-Volume DCs, Razor-Thin Margins

Major retailers receive hundreds of pallets every hour in each of their distribution centres from dozens of manufacturers. And these retailers run a business model on razor-thin margins. Processing time must be quick and efficient. If an incoming carton’s barcode label can’t be read quickly and easily, then processing time grows and productivity is hampered.

Retailers can require that all vendors produce barcodes that meet strict ISO barcode standards to ensure swift processing of incoming shipments. Manual processing of barcodes costs retailers a significant amount of time and money. Suppliers with barcode- labels that fail to meet required standards could be hit with chargeback fees and may even have their entire shipment rejected. Consistent failure to meet ISO barcode standards could result in renegotiation or cancellation of a supplier’s contract.

Scanning and grading labels before they are placed onto the shipping carton empowers vendors to quickly and easily test and ensure accurate barcodes. Testing barcodes before shipments leave the facility to retail distribution centres is the most reliable way for apparel manufacturers to avoid hefty chargebacks and other issues that could affect their bottom line.

Consistent barcode testing and quality can be achieved using the Printronix Auto ID T8000 and T6000e ODV-2D barcode inspection printers, which come equipped with scanning solutions inside the printer’s footprint. Because the scanner is integrated with the printer controller, there is no need for an external PC, software, or the creation of a “golden image” of the label to produce accurate, ISO-compliant labels. This means:

  • Simplified verification without the need for external scanners
  • Lower costs since no additional software investment is required
  • Expedited quality using built-in printer scanners that automatically find and grade up to 50 barcodes per label

The integrated scanner grades to ISO standards and verifies that each barcode’s data sent to the printer matches the printed barcode. Reading barcodes from a wide variety of data streams, including PostScript and PDF, the integrated scanner finds, verifies, grades, and reports the details of every barcode on every label through the Printronix Auto ID free, standard device management software PrintNET Enterprise. These reports can be exported for integration or stored in the host system to help defend against chargebacks.

There is no need to define requirements in a software program, change the data stream, or set up and use external attachments. Printronix Auto ID industrial printers can get up and running quickly. These printers automatically overstrike bad labels, reducing costly manual processes while improving quality, reducing the risk of chargebacks for non-compliant labels.

Reduce chargebacks with the Printronix Auto ID T8000 and T6000e industrial printers. Featuring ODV-2D barcode inspection technology, TSC says these printers are loaded with benefits that enhance barcode compliance and quality, all at a competitive price.

Source: https://www.logisticsbusiness.com/packaging-green-logistics/packaging-labelling/apparel-manufacturers-reduce-chargebacks-thermal-printers/

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Alstef Group launches new software suite

Developed by Alstef Group through knowledge and experience gained over 40 years of intralogistics… Read more »

The post Alstef Group launches new software suite appeared first on Logistics Business® Magazine.

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Logistics BusinessAlstef Group launches new software suite

Developed by Alstef Group through knowledge and experience gained over 40 years of intralogistics management and controls, OPAL is an innovative, unified software suite, which ensures the overall control of automated storage, AGV fleets, order picking, and the associated flows for all logistics solutions offered by the group.

OPAL manages the business challenges of a logistics installation, by providing speed, precision, and traceability while reducing preparation times. Efficient and agile, this suite adapts to the specificities of the distribution channels and ensures optimized management in real-time of each activity.

With its broad connectivity, OPAL interfaces with all information systems on the market, in order to provide a global intralogistics vision. The software suite has also been designed to meet quality and cyber security requirements. “It was important for us to offer a robust and functionally rich solution that was also highly secure and complied with ANSSI recommendations,” explains Yang ZHAO, Industrial IT Director at Alstef Group.

Depending on the customer’s application, all or part of the native functions are activated and configured to meet the needs of the installation.

A modular approach around a main WCS

In addition to native functions which optimize all the movements of the handling equipment while working within rules and constraints of the business, several complementary modules enrich this software offer.

Three modules are available to support operations: OPAL Overview provides a visualization of installations; OPAL Notify offers real-time notification of events, and; OPAL Analytics provides customisable operational dashboards (KPIs). Finally, OPAL benefits from a process monitoring module with OPAL IT Monitoring, a tool for tracking incidents and IT resolution.

“With OPAL, Alstef Group writes a new page in its history and confirms its commitment to its customers,” says Uwe Klärner, Sales Director Intralogistics, Alstef Group. “Opal is the reflection of our will to develop innovative and agile solutions, adapted to the operational needs of our customers.”

Source: https://www.logisticsbusiness.com/it-in-logistics/alstef-group-launches-new-software-suite/

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Strengths and flaws in the EU’s new IOSS

Beleaguered British retailers are braced for yet more changes to how they sell goods… Read more »

The post Strengths and flaws in the EU’s new IOSS appeared first on Logistics Business® Magazine.

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Logistics BusinessStrengths and flaws in the EU’s new IOSS

Beleaguered British retailers are braced for yet more changes to how they sell goods to the EU. From 1st July 2021, a new EU Import One-Stop Shop (IOSS) scheme means British-based e-commerce companies only need to register and pay VAT in one EU country to sell goods not exceeding £135/€150 across the entire EU. The new IOSS regulations certainly make retailers’ lives easier, but they aren’t entirely good news, says the international delivery expert ParcelHero.

ParcelHero’s Head of Consumer Research, David Jinks M.I.L.T., says: “On the face of it, the new IOSS scheme helps return things to their pre-Brexit norm. However, in the case of the IOSS, the devil really is in the detail. We’re revealing five reasons GB traders should welcome the new scheme and five reasons the IOSS might make selling to EU customers even more complicated and expensive.”

Five reasons to welcome the new IOSS

1 IOSS greatly simplifies VAT procedures by allowing non-EU online sellers (remember that includes sellers based in Great Britain post-Brexit) to register for VAT in one EU member state, collect VAT from all their EU sales and report on a single monthly IOSS VAT return. No more multiple VAT filings in multiple countries.

2 Life is greatly simplified for sellers using online marketplaces. These become the ‘supplier’ when cross border B2C sales are made on them by third-party sellers. VAT liability (collecting and reporting) for sales in EU countries will fall on the marketplace rather than the merchant, providing the consignment is valued at less than £135 (€150). Our top tip is that businesses using only online marketplaces may now be able to end any existing EU VAT registrations, as they will no longer be responsible for collecting and reporting VAT.

3 Retailers’ EU-based customers won’t be facing any more unexpected VAT payments on purchases of goods sold in Britain, which will build back trust in buying from GB sellers.

4 Northern Ireland-based companies may enjoy an exemption threshold. NI firms can join the alternative intra-EU OSS scheme. Providing their sales to the EU don’t exceed £8,818/€10,000 per annum, NI-based organisations will only need to follow domestic VAT rules.

5 The IOSS scheme is voluntary and will speed up sellers’ EU shipments by creating a fast-track Customs clearance ‘green channel’ for consignments not exceeding £135/€150.

Five flaws in the new IOSS

1 The changes remove the previous VAT exemptions for SMEs on EU shipments worth £19/€22 or under. That means about 26,000 UK e-commerce sellers will have to register for VAT for the first time or stop selling to the EU.

2 The EU estimates it will cost around £6,900 per company each year for British sellers (that excludes Northern Ireland companies) to register and comply with IOSS regulations as a ‘non-Union’ user.

3 Unlike EU-based OSS users, IOSS users based in Great Britain don’t qualify for the new £8,818/€10,000 threshold before they have to pay EU VAT, rather than follow domestic rules. Only Northern Ireland sellers (under the terms of the Northern Ireland Protocol) have this option.

4 The new IOSS only applies to deliveries of items valued under the £135/€150 threshold. For all goods over that amount, GB businesses will have three choices: ensure their customer pays the import VAT at Customs; offer the option of delivering with all duties paid (DDP) or hold stock somewhere in the EU and register for VAT there.

5 Confusion still exists around registration. The gov.uk website states: ‘…it is not expected that the UK IOSS registration portal will be available for use for the 1 July 2021 launch’. There is also uncertainty about whether GB companies signing up for IOSS in an EU country must appoint an intermediary agent to register and file returns. Together with the French and German governments, ParcelHero believes this requirement does not apply to British sellers, as the UK-EU trade deal includes a tax and VAT mutual assistance agreement. The Republic of Ireland is a favourite option for GB companies because it uses English in business but, just to complicate matters, it recently stated it doesn’t yet recognise the agreement. Consequently, it will require the use of an intermediary agent.

ParcelHero’s in-depth analysis of the ongoing UK-EU trade problems and, in particular, the powder keg Northern Ireland Protocol agreement can be seen at: https://www.parcelhero.com/research/brexit-study

Source: https://www.logisticsbusiness.com/transport-distribution/freight-forwarding-3pl-4pl/strengths-flaws-eus-new-ioss/

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