CME Group confirms Bitcoin Futures to launch December 18th

CME Group confirms Bitcoin Futures to launch December 18th

CME Group today announced that it has self-certified the initial listing of its Bitcoin futures contract to launch Monday, December Eighteen , 2017.

“Wij are pleased to bring Bitcoin futures to market after working closely with the CFTC and market participants to vormgeving a regulated suggesting that will provide investors with transparency, price discovery, and risk transfer capabilities,” said Terry Duffy , CME Group Chairman and Chief Executive Officer.

“At launch, our fresh Bitcoin futures contract will be subject to a multitude of risk management implements, including an initial margin of 35 procent, position and intraday price boundaries, and a number of other risk and credit controls that CME Group offers on all of its products.”

The fresh contract will be listed on and subject to the rules of CME. It will be available for trading on the CME Globex electronic trading toneel, and for subordination for clearing via CME ClearPort, effective on Sunday, December 17, 2017 for a trade date of December Legal.

CME Group’s Bitcoin futures will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves spil a once-a-day reference rate of the U.S. dollar price of bitcoin. Since November 2016 , CME Group and Crypto Facilities Ltd. have calculated and published the BRR, which aggregates the trade flow of major bitcoin spot exchanges during a calculation window into the U.S. Dollar price of one bitcoin spil of Four:00 p.m. London time.

The BRR is designed around the IOSCO Principles for Financial Benchmarks. Bitstamp, GDAX, itBit and Openleggen are the constituent exchanges that presently contribute the pricing gegevens for calculating the BRR.

CME Group offers a range of global benchmark products across all major asset classes, including futures and options based on rente rates , equity indexes , foreign exchange , energy , agricultural products and metals . CME Group provides electronic trading globally on its CME Globex podium. The company also offers clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives through CME Clearing .

The fresh contract will be listed on and subject to the rules of CME. It will be available for trading on the CME Globex electronic trading verhoging, and for conformity for clearing via CME ClearPort, effective on Sunday, December 17, 2017 for a trade date of December Legal.

CME Group’s Bitcoin futures will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves spil a once-a-day reference rate of the U.S. dollar price of bitcoin. Since November 2016 , CME Group and Crypto Facilities Ltd. have calculated and published the BRR, which aggregates the trade flow of major bitcoin spot exchanges during a calculation window into the U.S. Dollar price of one bitcoin spil of Four:00 p.m. London time.

The BRR is designed around the IOSCO Principles for Financial Benchmarks. Bitstamp, GDAX, itBit and Openleggen are the constituent exchanges that presently contribute the pricing gegevens for calculating the BRR.

CME Group offers a range of global benchmark products across all major asset classes, including futures and options based on rente rates, equity indexes, foreign exchange, energy, agricultural products and metals. CME Group provides electronic trading globally on its CME Globex verhoging. The company also offers clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives through CME Clearing.

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