CME Group Says It’s Gauging Client Interest


ethereum futures  CME Group Says It's Gauging Client Interest ethereum price ether futures

Join our community of 10 000 traders on Hacked.com for just $39 per month.

Chicago-based derivatives exchange CME Group said that it plans to gauge client interest for an ethereum futures product now that it özgü launched a price index and benchmark for ether, the world’s second-largest cryptocurrency.

Speaking with Bloomberg on the sidelines of an industry conference in New York, Tim McCourt, CME’s head of equity products, said that the exchange operator will kontrol the waters to see if there is enough demand to justify the creation of an ethereum futures product, though the firm does not yet currently have plans to list contracts that track the price of ether.

“We’ll continue to gauge with them to ascertain the demand for futures,” he said. “There are no plans at the exchange to launch one currently.”

As CCN reported, CME on Monday unveiled its new benchmark Ether Reference Rate and Ether Real Time Index, each of which provides audited pricing data for ETH/USD trading pairs. Data is aggregated from cryptocurrency exchanges Kraken and Bitstamp and then calculated by UK cryptocurrency derivatives exchange Crypto Facilities.

ethereum futures  CME Group Says It's Gauging Client Interest cme group ethereum futures
CME Group recently launched an ether price benchmark, widely seen as the first step in eventually creating a futures product.

McCourt further said that CME özgü identified a “clear demand” for physically-settled cryptocurrency futures. At present, both CME and fellow Chicago exchange CBOE offer futures contracts that are tied to the price of bitcoin but are settled in cash — not cryptocurrency — due to various custodial and regulatory concerns. “There’s a clear demand for it in the market; people would welcome that innovation,” he said, adding:

“With physical delivery you have…

Source: https://www.ccn.com/

HashFlare
Categories: Ethereum

No comments yet, be the first to leave one!

Leave a Reply

Note: Comments on the web site reflect the views of their respective authors, and not necessarily the views of this web portal. Members are requested to refrain from insults, swearing and vulgar expression. We reserve the right to delete any comment without notice or explanations.

Your email address will not be published. Required fields are signed with *

*
*