CME Group Announces Launch of Bitcoin Futures

A "natural" circuit-break works just as well, maybe even better than the CME proposed circuit breakers. Let the market just do its work:

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At launch, our new Bitcoin futures contract will be subject to a variety of risk management tools, including an initial margin of 35 percent, position and intraday price limits, and a number of other risk and credit controls that CME Group offers on all of its products."

So there we have it.

Assuming they mean at a reference price of $10,000 per coin each at the start, that's $3,500 on 5 units each for $17,500 initial. Wonder what day-trade margins the discount brokers will be offering.
 
CME BTC minimum price fluctuation is $25 or $5 per bitcoin, and contract unit is 5 bitcoins.
What is the minimum margin requirement?

For CME ES contract, minimum margin requirement is about $5000 per contract.
 
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