CHICAGO, May 3, 2021 /PRNewswire/ -- CME
Group, the world's leading and most diverse derivatives
marketplace, today launched Micro Bitcoin futures, further
expanding its suite of crypto derivatives offerings.
"We are pleased to introduce this new contract at a time when we
continue to see consistent growth of liquidity and participation in
our crypto futures and options," said Tim
McCourt, CME Group Global Head of Equity Index and
Alternative Investment Products. "At one-tenth the size of one
bitcoin, Micro Bitcoin futures will provide an efficient,
cost-effective way for a broad array of market participants – from
institutions to sophisticated, active traders – to fine-tune their
bitcoin exposure and enhance their trading strategies, all while
retaining the benefits of CME Group's standard Bitcoin
futures."
"Cryptocurrency has never been more popular than it is today,
and we are really happy to support the launch of the Micro Bitcoin
futures contract," said Steven Sanders, Executive Vice
President, Marketing and Product Development at Interactive
Brokers. "This smaller sized contract will enable more of our
sophisticated, individual clients to participate in the market, and
will allow our institutional clients to more precisely manage their
bitcoin exposure."
"The launch of Micro Bitcoin futures addresses two of the
biggest issues when it comes to investing in cryptocurrency, namely
the high cost and the desire to engage within a regulated
environment," said J.B. Mackenzie, Managing Director at TD
Ameritrade Futures and Forex, LLC. "The demand from self-directed
active traders for offerings such as this is high, and we're
pleased to add Micro Bitcoin futures to the lineup of futures
products available at TD Ameritrade."
"Offering Micro Bitcoin futures allows us to provide our
customers with even more choice and precision in how they trade
Bitcoin futures," said Daniel Ryba, Executive Director of
futures at E*TRADE Financial. "The smaller contract size enables
traders of all sizes – from institutions to active retail traders –
to get exposure to bitcoin prices, or hedge their spot bitcoin
positions. We are excited to support this product."
"As a platform for retail and institutional investors, we're
excited to offer TradeStation Securities, Inc. ("TradeStation")
clients Micro Bitcoin futures. By lowering the barrier of entry,
more traders will be able to gain exposure to bitcoin," said
John Bartleman, President of
TradeStation Group, Inc., TradeStation's parent company. "We are
day-one supporters of CME's Micro Bitcoin futures product, and
we're looking forward to our continued relationship that allows us
to prioritize our clients' access to cryptocurrencies through
futures."
"The Micro Bitcoin futures meet a real market need for more
granular exposure on Bitcoin futures," said Joshua Lim, Head of Derivatives, Genesis
Trading. "More investors will be able to access and trade this
market, and options liquidity providers like Genesis will be able
to delta hedge with more precision."
CME Micro Bitcoin futures are cash-settled, based on the CME CF
Bitcoin Reference Rate, which serves as a once-a-day reference rate
of the U.S. dollar price of bitcoin. Micro Bitcoin futures are
listed on and subject to the rules of CME.
For more information on this product, please see:
www.cmegroup.com/microbitcoin.
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
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Mercantile Exchange Inc. All other trademarks are the property
of their respective owners.
CME-G
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SOURCE CME Group