futures are now trading at a monthly rate of thirty thousand bitcoin equivalents with coinbase and siebel way behind eleventh i. and five thousand respectively and a third aspiring player in crypto currency is the intercontinental exchange owner of the new york stock exchange and ice futures u.s. that ice future europe is making some expected moves they will find themselves in the cryptocurrency related products market here soon here discuss kryptos of more as christiane of counterparty act krypto there has been this thank you for being here thank you so we know there's been this great competition between cboe and c m e but give us a little bit history of how are they both doing now we reported those volume numbers but what are they doing to try to get ahead of each others yes so c.b.o.t. and c.m.e. group both launch their big point futures derivatives markets last year in december at approximately the same time so their values have been quite some march and april this year when see any group started to pull ahead of the market so because of that both of these exchanges right now are unde

nicky's a senior analyst at the siebel group it's a consultancy which specializes in the middle east and he says saudi arabia is economic outlook is improving. we have to remember back when this pos announced it was early two thousand and sixteen the economic context was very different than it is now saudi arabia was coming off of a year where their budget deficit reached close to one hundred billion dollars the price of oil was still low there were a lot of reforms that were on the agenda but had yet to be implemented and i think we have to remember that that's the context within which the i.p.o. idea came about now. after the enthusiasm around that i.p.o. has subsided we see a very different economic context in saudi arabia the i.m.f. issued relatively positive consultation that they concluded in july you saw growth nonoy of growth reaching about two point three percent a decrease in the but year on year budget deficit from about nine to four point five percent expected in two thousand and eighteen and also the introduction of various other economic measures like the value added ta

we talked about were in motivates opportunity any siebel things happening. that has been happening for quite a while here in the united states we see this in many communities, the jews in america set up schools, the books of moses is a great it communicates their own identity in the sense of who they are as a community we see that as the african-americans using the bible as part of their book and setting up their school early on. later we have greater immigrations of the slums they will use the quran as well. throughout this we see how important writings are instructed and they want to put these at the center of their education. >> with the early america education was the bible often the only book in the house? >> i think the most common book because of how many times it was printed. other books as they are printed i don't know if i'm aware of studies that you have books like uncle tom's cabin i think you'll see other books, the bible is not the exclusive book that just happens to be the most common book and you mentioned uncle tom's cabin you have influence