CME Group Announces First Day of Trading of Event Contracts on Bitcoin Futures

Rhea-AI Summary

CME Group announced the launch of trading for event contracts on Bitcoin futures on March 13, 2023. These cash-settled, daily expiring contracts provide a limited-risk, transparent investment option for a range of investors. The new contracts are designed to complement CME's existing suite of 10 event contracts linked to benchmark futures markets, which have seen over 550,000 contracts traded to date. Valued at up to $20 per contract, they enable participants to know their maximum profit or loss before entering trades.

Positive

• Launch of event contracts on Bitcoin futures presents a new market opportunity for investors.
• Compliments existing event contracts, enhancing CME's diverse product offering.
• Allows for transparent and limited-risk access to the Bitcoin market.

Negative

• None.

CHICAGO, March 13, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced the first day of trading of event contracts on Bitcoin futures.

"Our new event contracts on Bitcoin futures provide a limited-risk, highly transparent way for a wide range of investors to access the bitcoin market via a fully regulated exchange," said Tim McCourt, Global Head of Equity and FX Products at CME Group. "These cash-settled, daily expiring contracts will further complement our existing suite of 10 event contracts tied to our benchmark futures markets, which have traded more than 550,000 contracts to-date. In addition, these new contracts will offer an innovative, lower-cost way for investors to trade their views on the up or down price moves of bitcoin."

CME Group offers event contracts on a growing number of its benchmark futures markets, including gold, silver, copper, crude oil, natural gas, E-mini S&P 500, E-mini Nasdaq-100, E-mini Dow Jones Industrial Average, E-mini Russell 2000 and euro-U.S. dollar foreign exchange futures. Valued up to $20 per contract, these daily options on futures enable participants to know their maximum profit or loss when entering a trade.

CME Group event contracts are listed with and subject to the rules of CME. For more information on this product, please see: www.cmegroup.com/eventcontracts.

As the world's leading 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. 

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 and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.

CME-G

 

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SOURCE CME Group

FAQ

What are the new event contracts launched by CME Group related to Bitcoin futures?

CME Group launched cash-settled, daily expiring event contracts on Bitcoin futures, allowing limited-risk access to the Bitcoin market.

When did CME Group start trading Bitcoin futures event contracts?

CME Group started trading Bitcoin futures event contracts on March 13, 2023.

How many event contracts has CME Group traded to date?

CME Group has traded over 550,000 event contracts to date across its offerings.

What is the value of the new event contracts on Bitcoin futures?

The event contracts on Bitcoin futures are valued up to $20 per contract.

What benefits do CME's event contracts provide investors?

The event contracts offer a transparent way to access the Bitcoin market with limited risk and the ability to know maximum profit or loss upfront.