CHICAGO, Sept. 20, 2019 /PRNewswire/ -- CME Group,
the world's leading and most diverse derivatives marketplace, today
announced it will launch options on its Bitcoin futures contracts
in Q1 2020, pending regulatory review.
"Based on increasing client demand and robust growth in our
Bitcoin futures markets, we believe the launch of options will
provide our clients with additional flexibility to trade and hedge
their bitcoin price risk," said Tim
McCourt, CME Group Global Head of Equity Index and
Alternative Investment Products. "These new products are designed
to help institutions and professional traders to manage spot market
bitcoin exposure, as well as hedge Bitcoin futures positions in a
regulated exchange environment."
Since their launch in December
2017, market users have rapidly adopted CME Bitcoin futures
for their hedging and trading needs. There have been 20 successful
futures expiration settlements and more than 3,300 individual
accounts have traded the product since inception. Year to date,
nearly 7,000 CME Bitcoin futures contracts (equivalent to about
35,000 bitcoin) have traded on average each day. At the same time,
institutional interest continues to build with the number of large
open interest holders reaching a record 56 in July.
CME Group is the only derivatives marketplace where customers
can hedge or trade benchmark options on futures across every
investable asset class, with average daily volume of 4.3 million in
2019 to date. By launching Bitcoin options, the company is
providing clients with additional tools for precision hedging and
trading.
For more information and educational resources related to
options on futures visit CME Institute. Bitcoin options will be
listed on and subject to the rules of CME. For more information,
please visit http://www.cmegroup.com/bitcoinoptions.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) enables clients to trade futures,
options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently
manage risk and capture opportunities. CME Group exchanges offer
the widest range of global benchmark products across all major
asset classes based on interest rates, equity
indexes, foreign exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's leading
central counterparty clearing providers, CME Clearing. With a range
of pre- and post-trade products and services underpinning the
entire lifecycle of a trade, CME Group also offers optimization and
reconciliation services through TriOptima, and trade processing
services through Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile
Exchange Inc. CBOT and Chicago
Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are
trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB,
and Traiana, Inc., respectively. Dow Jones, Dow Jones Industrial
Average, S&P 500 and S&P are service and/or trademarks of
Dow Jones Trademark Holdings LLC, Standard & Poor's Financial
Services LLC and S&P/Dow Jones Indices LLC, as the case may be,
and have been licensed for use by Chicago Mercantile Exchange Inc.
All other trademarks are the property of their respective
owners.
CME-G
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SOURCE CME Group