Desk may, in its absolute and sole discretion, take any action it determines necessary to protect market integrity. For example, last month, a senior executive for cboe Global Markets argued that the market would support a bitcoin-based exchange traded fund (ETF) in a letter to the.S. What are futures contracts? Subscribe to MarketWatch's free Need to Know newsletter.
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CME Group launched their futures contracts on December 18, 2017. (2) For any single leg XBT futures Contract for which the most recent daily settlement price was established on an earlier calendar day than the calendar day of the start of that Business Day, the XBT Reference Price will be the first trade price of that. (3) Upon the triggering of a Stop Limit Order, the CFE System will cancel the Stop Limit Order back to the sender if it is a Stop Limit Order to buy that is triggered to a limit price which is above the Upper Price Limit. The minimum price increment for an ecrp transaction involving the XBT futures contract.005 points USD/XBT. The Trading Privilege Holder or Authorized Trader, as applicable, must expose to the market for at least five seconds under Rule 407(a) at least one of the original Orders that it intends to cross. The official statement from CME is as follows. Ticker Symbol: Futures Symbol - XBT. The Cboe said on Thursday it doesnt intend to list any additional bitcoin futures contracts going forward, putting an end to at least for now cash-settled trading of the best-known cryptocurrency on its exchange. For any ecrp transaction in which the related position is bitcoin, the related position portion of the transaction must be consummated through the facilities of Gemini.
Suppose BTC is trading at 3,000.
The assets futures on CME is available for 3,100 and they expire in a month.
A bullish trader, say, decides to purchase two futures contracts for 6,200.
Meanwhile, a bearish trader decides to shot two futures contracts for 6,200.
At the time of the contracts expiry, the BTC price reaches 3,500.