CHICAGO, May 3, 2021 / PRNewswire / – CME Group, the world’s leading and most diverse derivatives market, today launched Micro Bitcoin Futures, further expanding its portfolio of crypto derivatives.
“We are delighted to present this new contract at a time when we continue to see continuous growth in liquidity and participation in our crypto futures and options,” he said. Tim McCourt, CME Group Global Leader for Equity Indices and Alternative Investment Products. “Micro Bitcoin Futures, which are one-tenth the size of one bitcoin, will provide an efficient and cost-effective way for a wide range of market participants – from organizations to experienced active traders – to customize their bitcoin risks and improve their trading. strategies while maintaining the benefits of CME Group’s standard bitcoin futures. “
“Crypto has never been more popular than it is today, and we are truly delighted to support the launch of a Micro Bitcoin futures contract,” said Stephen Sanders, executive vice president of marketing and product development at Interactive Brokers. “This smaller contract will allow more of our experienced individual clients to participate in the market and will allow our institutional clients to more accurately manage their bitcoin risk.”
“Launching Micro Bitcoin futures solves two of the biggest challenges when it comes to investing in cryptocurrency, namely the high cost and willingness to participate in a regulated environment,” said JB Mackenzie, Managing Director of TD Ameritrade Futures and Forex, LLC. … “The demand from independent active traders for such offers is high and we are delighted to add Micro Bitcoin futures to the line of futures products available on TD Ameritrade.”
“Offering Micro Bitcoin Futures allows us to provide our clients with even greater choice and precision in how they trade Bitcoin futures,” said Daniel Ryba, Chief Executive Officer of Futures at E * TRADE Financial. “The smaller contract size allows traders of all sizes — from institutions to active retail traders — to access bitcoin prices or hedge their bitcoin spot positions. We are delighted to support this product. “
“As a platform for retail and institutional investors, we are pleased to offer our clients TradeStation Securities, Inc. (“TradeStation”) micro bitcoin futures. By lowering the barrier to entry, more traders will be able to access bitcoin, ”said John Bartleman, President of TradeStation Group, Inc., parent company of TradeStation. “We have been supporting the CME Micro Bitcoin futures product from day one, and we look forward to continuing our relationship that will allow us to prioritize our clients’ access to cryptocurrencies through futures.”
“Micro Bitcoin Futures meet a real market need for a more detailed exposition of Bitcoin futures,” he said. Joshua Lim, Head of Derivative Financial Instruments Department, Genesis Trading. “More investors will be able to access and trade this market, and option liquidity providers like Genesis will be able to more accurately perform delta hedging.”
CME Micro Bitcoin Futures are settled in cash based on the CME CF Bitcoin Reference Rate, which serves as the daily reference rate for the Bitcoin price in USD. Micro-bitcoin futures are listed on the CME and subject to rules.
For more information on this product visit: www.cmegroup.com/microbitcoin.
CME Group (www.cmegroup.com) is the world’s leading and most diverse derivatives market, enabling clients to trade futures, options, cash and OTC markets, optimize portfolios and analyze data, giving market participants worldwide the ability to effectively manage risk and leverage capabilities. … CME Group exchanges offer the broadest range of global benchmark products across all major asset classes based on interest rates, equity indices, foreign exchange, energy, agricultural products and metals. The company offers futures and options for futures trading through the CME Globex® platform, fixed income trading through BrokerTec and foreign exchange trading on the EBS platform. In addition, he operates one of the world’s leading providers of centralized counterparty clearing services, CME Clearing. CME Group offers a range of pre- and post-trade products and services that underpin the entire transaction lifecycle, and optimization and reconciliation services through TriOptima, and transaction processing services through Traiana.
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SOURCE CME Group