This post is also available in: Русский
CME Group will launch Bitcoin options in January.
One of the largest and most diversified commodity exchanges in the world CME Group. Announced the launch of options based on its futures contracts on bitcoins.
On Tuesday, the Chicago Stock Exchange reported on its website. That, while the green light is expected from regulatory authorities. But options will be launched on January 13, 2020.
At the end of October, the company published detailed information about the options themselves. And stating that each contract will be based on one Bitcoin futures contract. The new financial product of the exchange will be quoted in US dollars for bitcoins with a tick size of $ 25 (or $ 5 for a reduced tick size) and will be traded from 5:00 p.m. Sunday to 4:00 p.m. Central time.
In a statement today, Tim McCourt, head of the stock exchange index and alternative investment products, said:
Since the launch of our bitcoin futures almost two years ago, customers have shown a growing interest in options as another way to hedge and trade in the crypto markets.
“We work closely with clients and the industry to create a reliable and increasingly liquid underlying futures market here at the CME Group, and we believe that Bitcoin options will now provide our customers with greater accuracy and flexibility to manage their risks.”