Ukuba iqumrhu okanye ukuthengisa ngabanye kwi-akhawunti yabo ibahlukanisa njengomthengisi kunokuba ngumthengisi.
Ngokuqhelekileyo, abathengi bempahla bacela ukuba benze okanye bathengise egameni labathengi. Nangona kunjalo, indawo ekhoyo yokulawula e-United States ichaza abaninzi abathathi-nxaxheba beemarike njengabathengisi bempahla. Abantu abalandelayo kunye / okanye iifemu ziwela phantsi kwe-ambulula jikelele yabathengi bemveliso:
Broker Commodity Broker
Laba bathengisi baye bajikeleza ixesha elide kwiimarike zemveliso. Benza njengabahambeli phakathi kwabathengi kunye nabathengisi bezinto ezibonakalayo eziphathekayo. Abathengisi kunye nabathengisi basebenzisa lolu hlobo lomthengisi ukuze balondoloze ukungaziwa xa betshintsha kwiimarike zenyama.
OTC Broker
La mabathengi asebenza kwiimarike ezithengisa ngaphezulu ukuqokelela abathengi kunye nabathengisi beemvumelwano ze-OTC. Abaninzi bee-OTC zabathengi basebenzisana ngokungagunyaziswanga phambi kwe-Dodd Frank Wall Street Reform kunye noMthetho woKhuseleko kwabaThengi ngo-2010.
Namhlanje iimakethe ze-OTC e-United States ziphantsi kolawulo lweCFTC olulawula ezo marike ngendlela efana nexesha elizayo, iinketho kwixesha elizayo nakwezinye iimarike ezivela kwiimarike.
Umthengisi womgangatho okanye uMthengisi
Laba bantu bathengisa iimveliso zentengiso kunye neendlela zokukhetha ezantsi kwintengiso yezinto zokuthengisa.
Xa aba bantu beqhuba ukuthenga okanye ukuthengisa iilawathengi zabathengi abazenza njengabathengisi. Nangona kunjalo, xa bethenga okanye bathengise ngenxa yeakhawunti yabo benza njengabahwebi. Ngenxa yoko, aba bantu badlala indima ebalulekileyo kwimarike. Iimarike ezininzi zamashishini ezizayo ziye zafuduka zivela emgodini okanye kwindawo yokuhweba kumgangatho wezorhwebo, inxaxheba kunye nenani labathengi bamashishini okanye abahwebi baye benqabela kwiminyaka yamuva.
IKomishoni yeMarchant (FCM)
I- FCM ngumntu okanye iqumrhu elenza isicelo kunye / okanye yamkela i-oda yokuthenga nokuthengisa iimvumelwano kunye nezivumelwano zokuthengisa ezithengiswayo. Ukongezelela, i-FCM ibambe iimali zabathengi ezifunekayo kwii-margin positions.
Ukuzisa i-Broker (IB)
I-IB icela i-IB kwaye iyamkela i-oda yokuthenga nokuthengisa ii-contracts kunye neendlela zokukhetha ezithengiswa ngezoshishino, kodwa abaqokeleli nayiphi na imali evela kubathengi. I-IB isebenza kunye ne-FCM eqokelela imali yabathengi kwiinjongo zomda.
Umcebisi wezoThengisa iimpahla (i-CTA)
I- CTA yinkampani okanye umntu ocebisa abathengi malunga nokuthengiswa kweempahla okanye iikontraki zokukhetha iimbuyekezo. I-CTA yokuqaphela ukusetyenziswa (ngegunya lommeli) malunga neakhawunti yabathengi, nangona kunjalo, njengomsebenzi we-IB CTA kunye ne-FCM eqokelela imali yabathengi ngeenjongo zemida.
I-Operator Pool Pool (CPO)
Kwilizwe lezinto eziphathekayo, i-pool yezinto eziphathekayo isebenza njengengxowa-mali. Aba bathathi-nxaxheba bemakethi bangaba ngabanye okanye iqumrhu kwaye njenge-IB kunye ne-CTA ba sebenza kunye ne-FCM.
Ummeli weZimpahla zobhalisiweyo (RCR) okanye umntu odibeneyo (AP)
Aba bathathi-nxaxheba bemakethi bangaba ngabasebenzi, amaqabane okanye i-FCM, IB, i-CTA okanye iPCO. I-CFTC idinga ukuba iiRCR nee-AP zibhalise kwi-NFA.
Kuzo zonke iimeko, umntu omnye okanye iqumrhu lingabhaliswa kwaye lisebenze kumandla angaphezu kweyodwa. Ngaphandle kwemibalwa embalwa, abaqeqeshi kwihlabathi leemveliso kufuneka babhalise kwi-NFA neCFTC kwaye kufuneka badlule ukuhlolwa kweSomqulu 3 . Iimvavanyo zokuvavanya ukuqeqeshwa kwezi marike kumbono osebenzayo kunye nokulawula.
Indima yomthengisi weempahla uye wajikeleza ixesha elide - aba bathathi-nxaxheba bemarike baqala njengabathengisi benyama, kodwa namhlanje baninzi ababandakanyekayo kwiimarike ezithengayo.
Abo baqhuba imiyalelo yokuthenga okanye yokuthengisa nokufumana ikhomishini yeenkonzo zabo ngabathengisi bempahla. Abathengi bempahla bayabalingani, bathengise abathengi kunye nabathengisi ndawonye kwimpahla yokuthengisana kunye nakwiimveliso zeempahla kunye neempahla zentengiso.