CME Group Announces Launch of Bitcoin Futures

[Jankovic]

Well I'm sorry, you didn't mention that on this thread, and I haven't seen your post where you mentioned this on some other thread.

I am sorry I am too stupid to understand how your trading life is over because you cannot trade 1 single BTC contract anywhere ever.

I guess you must retire now. Goodbye and enjoy your retirement.

Idiot

 

[John9999]

So trading this contract is starting in a few days. Is there any hard data on the required maintenance for a intraday trade. And also what is the requirements for an overnight hold?
Is IB going to offer it

 

[m22au]

CME Bitcoin contract specifications
http://www.cmegroup.com/trading/bitcoin-futures.html
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html

Contract size = 5 Bitcoin, or approximately (5 * $18,000) = $90,000 at the time of writing

Minimum Price Fluctuation
Outright:
$5.00 per bitcoin = (5 * $5) $25.00 per contract

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[m22au]

"Factbox: Bitcoin futures contracts at CME and Cboe"
https://www.reuters.com/article/us-...tures-contracts-at-cme-and-cboe-idUSKBN1E92IR

"CME’s contract will be priced off of the CME Bitcoin Reference Rate, an index that references pricing data from cryptocurrency exchanges, currently made up of Bitstamp, GDAX, itBit and Kraken. "

.

 

[Jankovic]

I can imagine tons of brokers fighting to divide less than 2000 contract of bitcoin Every day. That's a big deal!!!!!!