CHICAGO, Jan. 17, 2018 /PRNewswire/ -- Cboe Global
Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE), one of the world's
largest exchange holding companies, today announced the settlement
of January expiry Cboe bitcoin (XBT) future.
The settlement price was $10,900.00, as determined by the 4:00 p.m. ET Gemini1 Exchange bitcoin
auction.
Cboe XBT futures, the first regulated futures of their kind,
launched on December 10, 2017, and a
total of over 124,000 contracts have traded across expiries since,
representing a notional value of over $1.5
billion. The contracts, which are cash-settled, were
specifically designed to allow participants to implement
straightforward trading strategies through settlement to a single,
tradable auction price as calculated by Gemini.
Ed Tilly, Chairman and Chief
Executive Officer of Cboe Global Markets, said: "Our regulated
market experienced a smooth operational close and the settlement
process worked as designed. This is an encouraging initial
milestone, and we look forward to working with customers to power
the growth of this nascent market."
For more information about XBT futures, please visit here.
About Cboe Global Markets, Inc.
Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE) is one of
the world's largest exchange holding companies, offering
cutting-edge trading and investment solutions to investors around
the world. The company is committed to relentless innovation,
connecting global markets with world-class technology, and
providing seamless solutions that enhance the customer
experience.
Cboe offers trading across a diverse range of products in
multiple asset classes and geographies, including options, futures,
U.S. and European equities, exchange-traded products (ETPs), global
foreign exchange (FX) and multi-asset volatility products based on
the Cboe Volatility Index (VIX Index), the world's barometer for
equity market volatility.
Cboe's trading venues include the largest options exchange in
the U.S. and the largest stock exchange by value traded in
Europe. In addition, the company is the second-largest stock
exchange operator in the U.S. and a leading market globally for ETP
trading.
The company is headquartered in Chicago with offices in Kansas City, New
York, London, San Francisco, Singapore, Hong
Kong and Quito,
Ecuador. For more information, visit www.cboe.com.
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cosgrove@cboe.com
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CBOE-EF
Cboe®, Cboe Volatility Index® and VIX® are registered
trademarks and Cboe Global MarketsSM and
XBTSM are service marks of Cboe Exchange, Inc. All other
trademarks and service marks are the property of their respective
owners.
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1 Gemini is a New
York trust company that is subject to fiduciary obligations,
capital reserve requirements, and banking compliance standards of
the New York State Department of
Financial Services.
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SOURCE Cboe Global Markets, Inc.