Tuesday March 09, 2021
Bitcoin (BTC) $53,884.00   Ether (ETH) $1,852.85
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Crypto Exchanges

Cboe Futures Exchange to start Bitcoin (XBT) Futures December 10th

Published by CryptoNinjas.net
12/04/2017
Cboe Futures Exchange to start Bitcoin (XBT) Futures December 10th

Cboe Global Markets today announced today that Cboe Futures Exchange (CFE) plans to offer trading in bitcoin futures beginning at 5:00 p.m. CT on Sunday, December 10th, 2017, at the start of Global Trading Hours. Monday, December 11th, will be the first full day of trading, and trading will be free through December.

Cboe bitcoin futures will trade on CFE under the ticker symbol ‘XBT.’ Bitcoin futures are cash-settled contracts based on Gemini’s auction price for bitcoin, denominated in U.S. dollars. Gemini Trust Company, LLC is a digital asset exchange and custodian that allows customers to buy, sell, and store digital assets such as bitcoin.

XBT futures are designed to allow participants to implement straightforward trading strategies through settlement to a single, tradeable auction price.

Ed Tilly, Chairman and Chief Executive Officer of Cboe Global Markets, said:

“Given the unprecedented interest in bitcoin, it’s vital we provide clients the trading tools to help them express their views and hedge their exposure. We are committed to encouraging fairness and liquidity in the bitcoin market. To promote this, we will initially offer XBT futures trading for free.”

Fellow exchange CME also announced it would begin bitcoin futures this month. Mr. Tilly announced Cboe’s exclusive bitcon data partnership with Gemini Exchange back in August. He informed back then that launching bitcoin futures would likely come before the end of the year (Q4, 2017).

Summary Product Specifications Chart for Planned Cboe Bitcoin (USD) Futures

  • Contract Name: Cboe Bitcoin (USD) Futures
  • Planned Listing Date: December 10, 2017
  • Description: Cboe bitcoin (USD) futures are cash-settled futures contracts that are based on the Gemini Exchange auction price for bitcoin in U.S. dollars.
  • Contract Multiplier: The contract multiplier for the XBT futures contract is 1 bitcoin.
  • Ticker Symbols: Futures Symbol – XBT
  • Final Settlement Value Symbol – XBTS
  • Contract Expirations: The Exchange may list for trading up to four near-term expiration weeks (“weekly” contracts), three near-term serial months (“serial” contracts), and three months on the March quarterly cycle (“quarterly” contracts). Initially, the exchange will list three near-term serial months.
  • Trading Hours: The trading hours for an expiring XBT futures contract end at 2:45 p.m. on its final settlement date. All times referenced are Chicago time.
Type of Trading Hours Monday Tuesday – Friday
Extended 5:00 p.m. (Sunday) to 8:30 a.m. 3:30 p.m. (previous day) to 8:30 a.m.
Regular 8:30 a.m. to 3:15 p.m. 8:30 a.m. to 3:15 p.m.
  • Minimum Price Intervals: 10.00 points USD/XBT (equal to $10.00 per contract). The individual legs and net prices of spreads in XBT futures may be in increments of 0.01 points USD/XBT (equal to $0.01 per contract).
  • Trade At Settlement: Trade at Settlement (TAS) transactions are not permitted in XBT futures.
  • Exchange of Contract for Related Position Transactions: Exchange of Contract for Related Position (ECRP) transactions may be entered into with respect to XBT futures contracts. Any ECRP transaction must satisfy the requirements of CFE Rule 414. 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. The minimum price increment for an ECRP transaction involving the XBT futures contract is 0.005 points USD/XBT.
  • Block Trades: The minimum Block Trade quantity for the XBT futures contract is 50 contracts if there is only one leg involved in the trade. The minimum price increment for a Block Trade in the XBT futures contract is $0.005 points USD/XBT.
  • Final Settlement Date: The Final Settlement Date for XBT futures is two business days prior to the third Friday of the month denoted by the ticker symbol.
  • Final Settlement Value: The Final Settlement Value of an expiring XBT futures contract shall be the official auction price for bitcoin in U.S. dollars determined at 4:00 p.m. Eastern Time on the Final Settlement Date by the Gemini Exchange Auction.
  • Position Limits: A person: (i) may not own or control more than 5,000 contracts net long or net short in all XBT futures contract expirations combined and (ii) may not own or control more than 1,000 contracts net long or net short in the expiring XBT futures contract, commencing at the start of trading hours 5 business days prior to the Final Settlement Date of the expiring XBT futures contract.
  • Reportable Position Level: 5 contracts.
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

IPC Connexus Cloud now includes Cboe Bitcoin USD (XBT) futures data
Vendor Technology

IPC Connexus Cloud now includes Cboe Bitcoin USD (XBT) futures data

09/27/2018
Gemini settles first Cboe bitcoin futures successfully
Crypto Exchanges

Gemini successfully settles first Cboe bitcoin futures

01/17/2018
Solactive launches exclusive index for Cboe bitcoin futures
Bitcoin

Solactive launches exclusive index for Cboe bitcoin futures

12/22/2017
Front-month contracts dominate bitcoin futures (XBT) debut on Cboe
Market Commentary

Front-month contracts dominate bitcoin futures (XBT) debut on Cboe

12/19/2017
Featured

CBOE and Gemini partner on exclusive license for bitcoin market data

08/02/2017
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Creators of crypto wallet Exodus files with SEC to allow purchase of its stock with bitcoin

Creators of crypto wallet Exodus file with SEC for $75M public offering

03/03/2021
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
P2P crypto escrow platform Escaroo adds staking function from Moonstake

P2P crypto escrow platform Escaroo adds staking function from Moonstake

03/05/2021
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

03/04/2021
SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

03/02/2021
DeversiFi introduces fast withdrawals feature between L2 and L1 Ethereum

DeversiFi introduces fast withdrawals feature between L2 and L1 Ethereum

03/09/2021
Alpha Sigma Capital, DigiFinex, BitMart, Emirex and Everest join EmiSwap's DAO

Alpha Sigma Capital, DigiFinex, BitMart, Emirex and Everest join EmiSwap’s DAO

03/08/2021
Akash Network's MAINNET 2 decentralized open-source cloud now live

Akash Network’s MAINNET 2 decentralized open-source cloud now live

03/08/2021
Swiss bank alternative CrescoFin introduces new liquidity mining program

Swiss bank alternative CrescoFin introduces new liquidity mining program

03/08/2021
Horizen and StakeHound partner to launch new DeFi bridge for ZEN token

Horizen and StakeHound partner to launch new DeFi bridge for ZEN token

03/08/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version