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 CME Group launches bitcoin futures

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CME Group launches bitcoin futures Vide
PostSubject: CME Group launches bitcoin futures   CME Group launches bitcoin futures Icon_minitimeSun Dec 17, 2017 9:28 pm
A man walks past an electric board showing exchange rates of various cryptocurrencies including Bitcoin (top L) at a cryptocurrencies exchange in Seoul

CME Group launches bitcoin futures Denmark-considers-using-cryptocurrencies-for-humanitarian-aid

Bitcoin futures launched Sunday night on the Chicago-based CME Group's exchange venue.
Early volumes were light, and just before publication 354 contracts had changed hands on the most actively traded one-month forward contract.
The value of the forward contracts fell as low as $18,775, down $725 from the opening value of $19,500.
Just before publication, one-month contracts expiring in January 2018 were trading at $19,005.
CME Group is the world’s largest futures exchange in the world. Its new market for bitcoin futures is expected to add more liquidity to the market after last Sunday's launch of future’s trading on Cboe.
“This market should see way bigger volumes. CME is a way bigger player in futures than Cboe,” John Spallanzani, chief macro strategist at CFI Group, told Business Insider.
Once CME futures trading commenced, the value of spot bitcoin on the composite index provided by cryptocurrency watcher CoinDesk was initially little-changed at a value of around $19,260.
Since then, prices have declined, and at last check bitcoin was trading at $18,230.92.
Garrett See, the CEO of cryptocurrency trading firm DV Chain, told Business Insider that early volumes were similar to those seen on the Cboe exchange last week.
“The order book is thin. The CME futures are trading at a premium to Cboe futures, but the premium has come in a bit since the open,” See said.
The CME exchange may see higher volume overnight as markets open on Monday morning in the US.

CME Group launches bitcoin futures Capture

http://www.businessinsider.com/bitcoin-futures-trading-prices-falling-2017-12/?r=AU&IR=T
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CME Group launches bitcoin futures Vide
PostSubject: Re: CME Group launches bitcoin futures   CME Group launches bitcoin futures Icon_minitimeSun Dec 17, 2017 11:50 pm
Fuck you, CME.


Quote :

The general sentiment in the market remains one of caution and that has been reflected in margin requirements for the contracts.
In the futures market, margin refers to the initial deposit made into an account in order to enter into a contract.
The margin requirement at CME is 35%, while at Cboe, it is 40%, reflecting bitcoin’s volatility. The margin for an S&P 500 futures contract, by contrast, is just 5%, analysts said.
One futures trader said the average margin for brokers or intermediaries on bitcoin contracts was roughly twice the exchange margins.

http://fortune.com/2017/12/17/cme-bitcoin-futures-trading-launch/

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