CHICAGO, May 11, 2021 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced that Micro Bitcoin futures volume surpassed
100,000 contracts in the new contract's first six days of
trading.
"We are pleased to see strong customer adoption and support for
our new Micro Bitcoin futures contract early on," said Tim McCourt, CME Group Global Head of Equity
Index and Alternative Investment Products. "Together with our
existing, full-sized Bitcoin futures, this new, smaller contract
further strengthens our ability to help a broad array of clients –
from institutions to sophisticated, active traders – to manage
their bitcoin price risk."
At 1/10th of one bitcoin in size, Micro Bitcoin
futures provide an efficient, cost-effective way for traders to
fine-tune their bitcoin exposure and enhance their trading
strategies, all while retaining the benefits of CME Group's
existing Bitcoin futures contract.
Micro Bitcoin futures are cash-settled to 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.
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of Trade of the City of Chicago,
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CME-G
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SOURCE CME Group