Bitcoin derivatives makes smooth debut on CME

20 December, 2017, 01:28 | Author: Gladys Mathis
  • Giant CME exchange launches bitcoin futures to muted response

Both futures contracts traded at $19,200 or higher this morning United Kingdom time, compared with bitcoin's actual spot price of around $19,060. "Futures are a very positive development for the bitcoin market, as it will help everyone from miners to traders hedge risk, and having a price curve will help limit price swings".

The CME exchange may see higher volume overnight as markets open on Monday morning in the US.

For one, Eurex will likely need a more robust online platform as CBOE saw outages following its release on December 10. "We saw a nice open on light volume, but pretty uneventful so far", Mr Spen-cer Bogart, a partner at Blockchain Capital, said after trading began on Sunday.

Volatility protection is in place with larger exchanges and CME stated they will suspend trading if the contracts rise or fall 7% or 13%, prices won't be allowed to move more than 20%.

Bitcoin has continued its climb after a new futures contract facilitating short bets failed to hold back its upward trek, Bloomberg reported.

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Current eligible and newly funded TradeStation futures account holders can trade on both the CFE and CME Bitcoin futures contracts. The bitcoin futures on the CME track bitcoin prices from the Gemini private exchange. "We have had a lot of customer interest, and we have spent a lot of time educating them as to the differences between the two products". Goldman Sachs Group Inc. demanded some clients set aside collateral equal to 100 percent of the value of their trades, people familiar with the investments said last week. Option Clearing has a margin requirement of 44 percent to clear contracts at CBOE.

It's not uncommon for a brokerage to impose steeper requirements than the exchange.

For more information about bitcoin futures, read Level Trading Field CEO Lanre Sarumi's three-part CoinDesk series exploring the topic.

CME Group and Crypto Facilities will involve in the calculation and publication of BRR, which combines the trade flow of major Bitcoin spot exchanges during a calculation window into the USA dollar price of one Bitcoin. Although there can be a decline of a thousand and more it is always short-lived so far.



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