CHICAGO, April 17,
2023 /PRNewswire/ -- CME Group, the world's
leading derivatives marketplace, today announced plans to expand
its suite of cryptocurrency options across its
standard- and micro-sized Bitcoin and Ether contracts
beginning on May 22, pending
regulatory review. With these new contracts, expiries will be
available every day of the business week, Monday through
Friday.
"We are pleased to offer these new options contracts to provide
market participants with greater precision and versatility in
managing short-term bitcoin and ether price risk,"
said Giovanni Vicioso, CME Group
Global Head of Cryptocurrency Products. "Against a
backdrop of heightened market volatility in the digital asset
sector, we continue to see clients turn to a trusted, regulated
venue like CME Group for reliable and efficient
cryptocurrency risk management products."
New expiries for options on Bitcoin and Ether
futures will be offered with Monday, Tuesday, Wednesday, Thursday,
and Friday expirations. Options on micro-sized Bitcoin
and Ether futures will add Tuesday and Thursday expiries to their
existing Monday, Wednesday and Friday contracts. All of these new
offerings will complement the existing monthly and quarterly
expiries available across all Bitcoin and Ether
options on futures contracts.
"CME Group continues to innovate and lead in the institutional
crypto options on futures market," said Paul Eisma, Head of Options Trading at XBTO. "By
completing the short end of the implied volatility surface with the
addition of the new Tuesday, Thursday Micro options contracts and
weekly standard size contracts, institutional market makers such as
XBTO can deliver precise liquidity to market participants of all
sizes who trade and hedge cryptocurrency exposures
spanning every business day of the upcoming week for the first
time."
Through Q1 2023, CME Group's Bitcoin and Ether
futures and options complex has achieved a record daily average
notional of more than $3 billion,
signifying an increase in client demand for liquid hedging tools.
Additional trading highlights include:
- Bitcoin futures and options Q1 2023 ADV exceeded
11,500 contracts and open interest (OI) averaged a record 24,094
contracts.
- A record 2,357 Bitcoin options contracts were
traded on March 22, and OI reached a
record 14,700 contracts on March
31.
- More than 4,600 Ether options contracts have traded since their
September 2022 launch. A record 311
Ether options contracts traded on Feb.
22, and a record OI of 1,800 contracts was reached on
March 24.
For more information on cryptocurrency options,
please visit: www.cmegroup.com/cryptooptionsfaq.
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile
Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board
of Trade of the City of Chicago,
Inc. NYMEX, New York Mercantile Exchange and ClearPort are
trademarks of New York Mercantile Exchange, Inc. COMEX is a
trademark of Commodity Exchange, Inc. BrokerTec and EBS are
trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively.
The S&P 500 Index is a product of S&P Dow Jones Indices LLC
("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500
and The 500 are trademarks of Standard & Poor's Financial
Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average
are service and/or trademarks of Dow Jones Trademark Holdings LLC.
These trademarks have been licensed for use by Chicago Mercantile
Exchange Inc. Futures contracts based on the S&P 500 Index are
not sponsored, endorsed, marketed, or promoted by S&P DJI, and
S&P DJI makes no representation regarding the advisability of
investing in such products. All other trademarks are the property
of their respective owners.
CME-G
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SOURCE CME Group