A Bright Start for CME Futures

20 December, 2017, 01:26 | Author: Sheri Evans
  • Bitcoin Continues To See Unprecedented Growth

Bitcoin futures received a lukewarm reception at its launch on the CME Group on Sunday, although market experts believe a recent rally in the cryptocurrency has further to go.

Trading volume for the CME futures has been light, with less than 650 contracts changing hands in the first eight hours of trading, compared with nearly 2,500 over the same time frame during Cboe's debut. The website's Bitcoin Price Index had it priced at $19,400 at the time CME launched the contracts.

A Bright Start for CME Futures
A Bright Start for CME Futures

Current eligible and newly funded TradeStation futures account holders can trade on both the CFE and CME Bitcoin futures contracts. CME is a much bigger player in futures, so many traders expect it to make a bigger splash in the nascent space.

"The launch should increase buy-side pressure and potentially be the catalyst that pushes bitcoin above US$20,000,"said fund manager Shane Chanel of ASR Wealth Advisers in Melbourne". On its debut on December 10, the Cboe traded almost 4,000 contracts during the full session. However, this morning it opened at $19,086, and fell as low as $18,831, 1.3 per cent lower. But two days later Cboe Global Markets said it was launching its own futures contract on December 10, a week before CME. The margin for an S&P 500 futures contract, by contrast, is just 5 per cent, analysts said.

Trump administration blames North Korea for 'WannaCry' ransomware
Some researchers have said they believed WannaCry was deployed accidentally by North Korea as hackers were developing the code. The op-ed called on world governments and businesses to cooperate with the USA to fight cyber threats.

The derivatives exchange was one of the first to move from the open outcry, "pit-style", form of trading common in the nineties, to a full-fledged electronic trading platform.

Are Bitcoin futures good or bad for the crypto market? The order book was pretty thin and "the orders that are there are very small". "We have had a lot of customer interest, and we have spent a lot of time educating them as to the differences between the two products". The company will not offer CME contracts until it demonstrates sufficient liquidity. Goldman Sachs Group Inc. demanded some clients set aside collateral equal to 100 percent of the value of their trades, people familiar with the investments said last week.

Refs gift Patriots game with this mind-boggling Steelers non-catch
Ben Roethlisberger hit Jesse James for what appeared to be a 10-yard touchdown, but a review showed James lost possession. Brown left in obvious pain after getting his left leg tangled up with a pair of New England defenders.

CME Group and Crypto Facilities will involve in the calculation and publication of BRR, which combines the trade flow of major Bitcoin spot exchanges during a calculation window into the US dollar price of one Bitcoin.

Louisiana teen's reaction to be accepted to Harvard goes viral
Among the slew of well-wishers from across the Twittersphere was Harvard alumnus and Brooklyn Nets basketball player Jeremy Lin. My oldest son got into Stanford on Friday and we have been waiting for a response from Harvard, and I just can't believe it.

Recommended:

  • Benteke scores first of season as Palace win at Leicester

    Benteke scores first of season as Palace win at Leicester

    Conceding at least woke the Foxes up and Benteke nearly gifted them an immediate equaliser, heading inches wide of his own goal. On Saturday, we did score them. "It was not a good game for us and Crystal Palace deserved this result".
    Rafael dos Anjos responds to Colby Covington's call out

    Rafael dos Anjos responds to Colby Covington's call out

    The main event matchup between Lawler and Dos Anjos was very close on paper, which is why the fight was worth an extra 120 points. He beat Demian Maia, but he looked really bad when he fought Demian, and I have no comments on that guy".

    Predictions for Chiefs vs. Chargers, Week 15

    Earlier this season against the Chargers, Hunt had a career-high game with 172 yards and a touchdown on the ground. Will the Los Angeles Chargers stay hot and take down the Kansas City Chiefs tonight at 8:25 p.m.
  • Jonghyun, lead singer of K-pop group Shinee, dies

    Jonghyun, lead singer of K-pop group Shinee, dies

    He was taken to a nearby hospital suffering from cardiac arrest but was later pronounced dead, the news agency Yonhap reported . His death is a blow to the massive worldwide fan base that Korea's "K-pop" music has attracted in recent years.
    WWE Clash of Champions 2017 Results: Winners, Grades, Reaction and Highlights

    WWE Clash of Champions 2017 Results: Winners, Grades, Reaction and Highlights

    Shelton Benjamin and Chad Gable have the best odds of dethroning at +370 and in second place is The New Day at +410. The Usos odds have shortened to -140 to retain the Smackdown Tag Team Championship in a Fatal Fourway.
    It's Going To Be Emotional - Alex Oxlade-Chamberlain On Arsenal Return

    It's Going To Be Emotional - Alex Oxlade-Chamberlain On Arsenal Return

    In the last worldwide break he did not play for Egypt , he didn't start at Stoke, we take him off as soon as possible. But obviously it's for him easy in the moment to finish the situations than for other players.
  • Pentagon Never Admitted Having Secret UFO Program. Until Now

    Pentagon Never Admitted Having Secret UFO Program. Until Now

    Reid confirmed the existence of the program, as did Pentagon officials, though the latter claim that the program ended in 2012. Bigelow, a devout believer that aliens have visited Earth, is now working with NASA on producing space modules for human use.
    Conor McGregor plays down reports of joining WWE

    Conor McGregor plays down reports of joining WWE

    It is probably safe to say this one won't happen, especially if this man has anything to say about it... This would be another big money fight for him.
    Weather Forecast: Light snow tonight

    Weather Forecast: Light snow tonight

    See some tips on staying warm here and call 911 or head to an emergency room if you start to see any symptoms . It should taper off betwen 7 and 9 p.m.in New York City and about midnight on the east end of Long Island.
  • Samsung launches Galaxy A8 with dual front camera

    Samsung launches Galaxy A8 with dual front camera

    RAM : While the Galaxy A8 2018 will come with 4GB RAM , the Galaxy A8+ 2018 will be available in 4GB and 6GB RAM versions. There is no information regarding the pricing and availability of the devices, Samsung will reveal more at the CES 2018.

    Muhammad Wilkerson won't travel for Jets at Saints

    Wilkerson hasn't been a bad player, but he hasn't been worth that contract and he might not be worth the trouble anymore. Demario Davis said Bowles informed the team of Wilkerson's latest punishment.
    Quake  hits Indonesia's Java, at least two deaths confirmed

    Quake hits Indonesia's Java, at least two deaths confirmed

    Jakarta resident Web Warouw was on the 18th floor of a building in the capital when the quake struck. "Suddenly, we felt dizzy... We then realised it was a quake and immediately ran downstairs", the 50-year-old told AFP.


Popular

Campbell's Is Buying Snyder's
Campbell Soup, based in New Jersey, already makes a number of well-known snacks, including Goldfish crackers and Milano cookies. But he cautions that the deal sets Hershey up for competition with PepsiCo Inc's Frito-Lay and Campbell's Pepperidge.

Enrique Iglesias' wife Anna Kournikova gives birth to twins
Kournikova, 36, reportedly gave birth to a baby boy, Nicholas , and girl, Lucy , over the weekend in Miami. Kournikova even appeared as the love interest in the music video for Iglesias' song " Escape ".

The Office Could Be Coming Back To Television, But There's A Catch
The cast will reportedly feature a mixture of new and familiar faces, but who will return is not clear. NBC is in early talks to revive The Office , sources tell Variety .

Marvin Lewis Reportedly Plans On Leaving Bengals After Season
Lewis accepted the job on January 14, 2003, when the Bengals were coming off the worst season in franchise history (2-14). Asked about the report during pregame warm-ups by a reporter for the team website, Lewis said there was "nothing to it".

Celtic's 69 Game Unbeaten Domestic Run Has Just Been Ended
Indeed, the 31-year-old's own unbeaten domestic sequence is even longer than the 19 months Celtic had enjoyed collectively. It's a big thank you to the players for what we've done. "If the pitch was better we might have kept it better".

Lions host Bears in rare Saturday game
Stafford completed 25 of his 33 throws, to eight different receivers, for 237 yards, two touchdowns and no interceptions. The last time the teams meet, Chicago racked up 222 rushing yards, but were held to 43 in Saturday's loss.

Jazz center Rudy Gobert has MCL sprain in left knee, sources say
This is pretty good news in hindsight, because it didn't look good at all when Gobert first fell to the ground Friday night. Before that injury, he led the National Basketball Association with 2.5 blocks per game this season.

Boise State scores TD after all four receivers spin around simultaneously
Mason Fine passed for 303 yards and three touchdowns for North Texas (9-5), but was intercepted twice and fumbled twice. Fast forward to 2017, and the Broncos again find themselves as underdogs in a West Coast bowl against a Power 5 team.

Rescheduling Winter Session not unprecedented: Vijay Goel
An angry Opposition led by the Congress accused PM Modi of levelling "serious charges" against Singh, former vice president Hamid Ansari and diplomats.

#ANC54: KZN, FS and Bojanala branches will not vote
He said the NEC decided the provincial executive committees (PECs) of KwaZulu-Natal and the Free State would not be allowed to vote on any matter.