CHICAGO, March 28,
2022 /PRNewswire/ -- CME Group, the world's
leading derivatives marketplace, today launched options on Micro
Bitcoin and Micro Ether futures, further expanding its suite of
cryptocurrency derivatives offerings.
"The launch of these micro-sized options builds on the
significant growth and liquidity we have seen in our Micro Bitcoin
and Micro Ether futures," said Tim
McCourt, CME Group Global Head of Equity and FX Products.
"Sized at one-tenth of their respective underlying tokens in size,
these contracts will offer a wide range of market participants –
from institutions to sophisticated, active, individual traders –
greater flexibility and precision to manage their exposure to the
top two cryptocurrencies by market capitalization."
"CME Group Micro Bitcoin and Micro Ether options are an
important step in the development of a thriving marketplace for
institutions and sophisticated investors who want crypto exposure
in a regulated environment," said Robert
Bogucki, Managing Director, Global Co-head of Trading at
Galaxy Digital Holdings Ltd. "The smaller contract sizes will give
investors and traders greater flexibility in managing their
exposure to the two biggest cryptocurrencies in the world, opening
the market up to new participants. Galaxy Digital is excited to act
as a liquidity provider for these options and other CME Group
cryptocurrency products."
"We continue to see interest in cryptocurrency exposure from our
active trader and institutional investor clients," said
Steve Sanders, EVP of Marketing and
Product Development at Interactive Brokers. "CME Group's Micro
Bitcoin and Micro Ether options will certainly benefit our clients
seeking enhanced flexibility to participate in cryptocurrency
markets with less upfront cost, and we are excited to add these
offerings to the wide range of global products currently available
on our platform."
"We are excited for CME Group's new Micro Cryptocurrency options
offering as it will better align the listed cryptocurrency options
market with the average crypto investor's exposure," said
Derek Devens, Senior Portfolio
Manager, Option Group, at Neuberger Berman. "We expect the
pioneering exchange-traded, centrally cleared offering will appeal
to over-the-counter cryptocurrency options market participants and
facilitate increased market liquidity and price stability across
cryptocurrency futures and options in U.S. listed markets. CME
Group's continued innovations represent an essential step towards
building an enduring cryptocurrency ecosystem."
Options on Micro Bitcoin and Micro Ether futures will complement
CME Group's diverse slate of more than 20 Micro products,
which, together, have traded more than 1.2 billion contracts since
their introduction.
For more information on this product, please visit
www.cmegroup.com/microcryptooptions.
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. Dow Jones, Dow Jones Industrial Average, S&P
500 and S&P are service and/or trademarks of Dow Jones
Trademark Holdings LLC, Standard & Poor's Financial Services
LLC and S&P/Dow Jones Indices LLC, as the case may be, and have
been licensed for use by Chicago Mercantile Exchange Inc. All
other trademarks are the property of their respective owners.
CME-G
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SOURCE CME Group