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CME Group to Launch ..............Bitcoin Futures Contract Soon!


The world's largest regulated FX marketplace, CME Group has concluded plans to launch a Bitcoin futures product before the end f this year.

The Derivatives marketplace operator CME said the launching scheduled for the fourth quarter of this year, is contingent on receiving approval from U.S. regulators. 

Terry Duffy, CME Group chairman and CEO, said in a statement "Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract. As the world's largest regulated FX marketplace, CME Group is the natural home for this new vehicle that will provide investors with transparency, price discovery and risk transfer capabilities."

Though the exact release date has yet to be revealed, CME said that the futures would be settled via cash and based on its CME CF Bitcoin Reference Rate, an index it debuted in Nov. 2016 in partnership with London-based Crypto Facilities. The futures would be listed on CME, the company said.

Recent efforts to create financial products around the cryptocurrency have hit some headwinds, particularly those that involve the creation of derivatives contracts.

Friend, Jesus came looking for you. Give your heart to Him, Love the Lord with all your heart, strength and might.  Love your neighbour as yourself, hold no offence, no bitterness - the Lord is near you to help you!

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