CHICAGO, Feb. 25,
2025 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced its new financially
settled options on Bitcoin Friday futures are now
available for trading. The first trade, a block, took place on
Sunday, February 23, and was executed
between Cumberland DRW and Galaxy and cleared by Marex.
"We are pleased to see such early and strong support for these
new options products," said Giovanni
Vicioso, Global Head of Cryptocurrency Products
at CME Group. "These smaller sized, cash-settled contracts, with
expiries available every day of the business week, will provide
traders with even greater precision to manage short-term
bitcoin price risk."
"We are pleased to support CME Group's new options on
Bitcoin Friday futures by executing the first option
block trade," said Roman Makarov,
Head of Options Trading at Cumberland DRW. "Innovative products
like this give users increased liquidity, flexibility and
optionality to engage in the rapidly expanding intersection between
traditional and crypto markets. It's exciting to see
trusted exchanges like CME Group continue to support this ecosystem
through relevant product launches, and Cumberland DRW is proud to
be a longstanding partner in that journey."
"Marex is thrilled to have cleared the first block trade for CME
Group's new options on Bitcoin Friday futures for two
FCM clients," said Brooks Dudley,
Head of Digital Assets Sales at Marex Capital Markets. "These
contracts will sharpen visibility into short-term volatility,
empowering traders with a precise risk management tool. It's
a proud milestone in our mission to deliver cutting-edge, secure
clearing solutions to the institutional digital asset market."
"CME Group's introduction of options on Bitcoin
Friday Futures is a valuable expansion of their product suite,"
said Mike Harvey, Head of Franchise
Trading at Galaxy. "The contracts' low notional value makes them
accessible to a broad range of market participants, while the
4 p.m. New
York settlement time offers added precision for developing
and executing trading strategies."
Financially settled options on Bitcoin Friday
futures will complement CME Group's existing suite of
physically-settled options on Bitcoin, Ether, Micro
Bitcoin and Micro Ether futures, providing additional
risk management flexibility to investors.
For more information on these products, please visit:
cmegroup.com/bff.
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 is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. 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
