CME: BTCUSD Futures Launch December 11
CME releases more details on the Bitcoin Futures specs on it's website…
cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html
In summary….,
1. Each contract will have 5 Bitcoins, max 1000 contact for Spot limit
2. Order book on the CME Globex platform
3. Minimum price fluctuations (or "ticks") pegged at $5 per bitcoin, representing a total of $25 for each Contract
4. CME will release its reference bitcoin price at 15:00 UTC each day
5. Cash settled by reference to Final Settlement Price. All Settlements in Cash!!
My view:
- Underlying Asset and it's volatility may not be of concern to CME as it's the Traders (buy side) at Risk holding contracts at Future price (which could either be Moon or MtGox).
- High probability of Pump during the +1hr of Reference time ? possible?
-
Thoughts? Comments?.. please share
cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html
In summary….,
1. Each contract will have 5 Bitcoins, max 1000 contact for Spot limit
2. Order book on the CME Globex platform
3. Minimum price fluctuations (or "ticks") pegged at $5 per bitcoin, representing a total of $25 for each Contract
4. CME will release its reference bitcoin price at 15:00 UTC each day
5. Cash settled by reference to Final Settlement Price. All Settlements in Cash!!
My view:
- Underlying Asset and it's volatility may not be of concern to CME as it's the Traders (buy side) at Risk holding contracts at Future price (which could either be Moon or MtGox).
- High probability of Pump during the +1hr of Reference time ? possible?
-
Thoughts? Comments?.. please share
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