Last trade date for Bitcoin futures in May approaches

According to the bitcoin futures calendars provided by CME Group May contracts for the token end trading on May 25
21 May 2018   1632

CME Group has announced the settlement date for bitcoin futures contracts of May 2018 - May 31. With the May contracts having started trading on February 26, the trading will cease on May 25. As for May 31 that will be the date when the final price for the contract is going to be determined. The product code on the platform for the reference is BTCK18.

At the moment of publication, the parameters for bitcoin futures are as follows:

Last trade price 8510
Price change +285
Total number of traded contracts 985

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of 4 Designated Contract Markets: CME, CBOT, NYMEX and COMEX.

CME Group Won't Launch BTC Deliverable Futures

Since the launch of bitcoin futures, CME has attracted more than 3,300 individual investors, processed 7000 contracts for 35k BTC totally
02 October 2019   155

Confirming its intention to launch options on bitcoin, the Chicago Mercantile Exchange (CME Group) noted that it would not follow the path of a competitor in the form of the Bakkt platform and would refuse to trade in deliverable futures. The director of alternative investment products CME Group Tim McCourt said this in an interview with Markets Media.

Since we launched bitcoin futures in December 2017, the number one demand from customers has been for options on our futures.
 

Tim McCourt

Global head of equity index and alternative investment products, CME Group

CME Group conducts calculations on bitcoin futures in fiat, and the company will follow the same approach with respect to options. As McCourt noted, guided by the needs of customers when developing new products, the company does not plan to launch supply contracts for bitcoin.

Since the launch of bitcoin futures, CME has attracted more than 3,300 individual investors. This year, on average, the company processed about 7 thousand contracts for a total of 35,000 BTC.

The institutional interest in bitcoin is growing but they need time to become familiar with the market and get approval to use new products.
 

Tim McCourt

Global head of equity index and alternative investment products, CME Group

Also, according to McCourt, new options can use existing technology, an application matching engine and clearing mechanisms. Currently, the exchange is conducting standard instrument testing procedures.