CME Group will launch Bitcoin options in January.
One of the largest and most diversified commodity exchanges in the world CME Group. Announced the launch of options based on its futures contracts on bitcoins.
On Tuesday, the Chicago Stock Exchange reported on its website. That, while the green light is expected from regulatory authorities. But options will be launched on January 13, 2020.
At the end of October, the company published detailed information about the options themselves. And stating that each contract will be based on one Bitcoin futures contract. The new financial product of the exchange will be quoted in US dollars for bitcoins with a tick size of $ 25 (or $ 5 for a reduced tick size) and will be traded from 5:00 p.m. Sunday to 4:00 p.m. Central time.
In a statement today, Tim McCourt, head of the stock exchange index and alternative investment products, said:
Since the launch of our bitcoin futures almost two years ago, customers have shown a growing interest in options as another way to hedge and trade in the crypto markets.
“We work closely with clients and the industry to create a reliable and increasingly liquid underlying futures market here at the CME Group, and we believe that Bitcoin options will now provide our customers with greater accuracy and flexibility to manage their risks.”
CME Group Inc. (Group of Chicago Mercantile Exchange)
is the largest North American financial derivatives market built by combining the leading exchanges of Chicago and New York. The group was formed in 2007 through the merger of the Chicago Board of Trade and the Chicago Board of Trade. The organization’s headquarters is located in downtown Chicago (Chicago Loop). Currently, the group includes: Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange. Trading is carried out both on traditional sites of the above exchanges, and online. The group owns the Dow Jones Index and a number of financial indices. Trading is carried out with futures and options based on interest rates, stock indices, foreign exchange, energy resources, agricultural commodities, metals, weather indices and real estate. On average, 12.2 million transactions are completed per day (data for 2010).
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