Derivatives Exchange Giant CME Group Adds 11 New Cryptocurrency Reference Rates
Global markets company and Chicago-based derivatives exchange CME Group plans to launch 11 new reference rates tied to specific crypto assets. The reference rates and real-time indices bolstered by CF Benchmarks are typically leveraged by exchange-traded products and other investment vehicles. 11 Crypto Assets Get Reference Rate Treatment From CME Group and CF Benchmarks CME Group is adding 11 more cryptocurrencies to the firm’s existing bitcoin and ethereum reference rates. Crypto reference rates like the CME CF Reference Rates are often used as a benchmark for....
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In a major move that is undoubtedly going to benefit and bring credibility to bitcoin and digital currencies, derivatives giant CME Group has announced the launch of two bitcoin benchmarks as its newest products. CME Group rival ICE (Intercontinental Exchange Inc) which owns the New York Stock Exchange, will also launch a real-time price index for bitcoin price. Described by The Economist as “the biggest financial exchange you’ve never heard of,” Chicago-based CME (Chicago Mercantile Exchange) Group owns and operates some of the largest derivatives and futures exchanges in multiple cities....
Financial services firms and startups looking to be the bridge to blockchain ledgers continued to dominate presentations on the second and final day of the Blockchain Summit, ending International Blockchain Week in Shanghai that also saw Devcon2 and a startup demo competition. CME Group’s Daily and Reference Rates for BTC. Heavyweight derivatives exchange CME Group, investment bank and financial services giant UBS, Russia’s largest bank Sberbank and other financial service firms spoke in the first half of the day. Sandra Ro of CME, the world’s largest futures exchange, officially announced....
During his time at the CME Group, Bruce Fekrat regulated crypto reference rates and helped in the development of financial products, including BTC and ETH derivatives. Kristin Johnson, one of five commissioners currently serving at the United States Commodity Futures Trading Commission, or CFTC, has announced that a CME Group executive director with experience in crypto will be joining her staff.In a Thursday announcement, Johnson said Bruce Fekrat will be her chief counsel at the CFTC starting on June 1. Fekrat worked as an executive director and associate general counsel at the CME Group....
Derivatives marketplace CME Group today unveiled two bitcoin benchmarks designed to give investors a new way to hedge. Built in partnership with London-based Crypto Facilities, the prices for the two benchmarks will be derived from six different bitcoin exchanges – Bitfinex, Bitstamp, Coinbase, Genesis Global Trading, itBit and Kraken – and are designed to be compliant with global regulatory requirements. The benchmarks can be used as bitcoin price reference points in derivatives that help manage the risk of bitcoin investments. Speaking with CoinDesk, Crypto Facilities chief operating....
On Tuesday, the world’s largest financial derivatives exchange, Chicago Mercantile Exchange (CME) Group, announced the upcoming launch of ethereum-based micro futures slated to be listed on December 6. The launch follows CME Group’s bitcoin micro futures listing in May, which saw 100,000 micro bitcoin futures traded during the first six days after launch. CME to Launch Micro Ether Futures Pending Regulatory Approval CME Group announced on Tuesday that the company plans to launch micro ether futures on December 6, “pending regulatory review.” According to the CME....