Digital Asset Is Writing Code to Help ISDA Standardize Derivatives Data

Digital Asset Is Writing Code to Help ISDA Standardize Derivatives Data

Enterprise blockchain company Digital Asset is working with the International Swaps and Derivatives Association (ISDA) to develop software meant to ease adoption of the trade group’s potentially cost-slashing data standards. Announced Tuesday night in New York, the reference code library is intended to help developers implement ISDA’s Common Domain Model (CDM) in solutions for trading and managing derivatives.
Brokerage Chief: Bitcoin Futures Must Be Quarantined

Brokerage Chief: Bitcoin Futures Must Be Quarantined

A well-known electronic brokerage firm is issuing dire warnings against the CME Group’s plan to launch a bitcoin futures contract next month. But Interactive Brokers, in a comment letter dated Nov. 14, suggested a way to mitigate the risk it sees from such activity: The Commodity Futures Trading Commission (CFTC), under the auspices of J. Christopher Giancarlo, should sequester systems that handle cryptocurrency derivatives. “This letter is to request that the Commission require that any clearing organization that wishes to clear any cryptocurrency or derivative of a cryptocurrency do so in a separate clearing system isolated from other products,” wrote Thomas Peterffy, chairman of Interactive Brokers.
Huobi Is Rolling Out Futures Trading on a New Platform

Huobi Is Rolling Out Futures Trading on a New Platform

At this year’s CryptoFrontiers Conference in New York City, digital currency exchange Huobi announced that it will begin offering derivatives contract trading. The service will be available via Huobi’s Derivative Market (Huobi DM) to customers of select countries and will allow them to open both short and long positions for a handful of coins. In an interview with Bitcoin Magazine, Joshua Goodbody, general counsel of Huobi’s global institutional team, said, “Our derivative contracts are agreements to buy or sell an asset on a specific future date and at a specific price.
NASDAQ Reportedly Looking Into Bitcoin Futures Despite Bear Market

NASDAQ Reportedly Looking Into Bitcoin Futures Despite Bear Market

An unconfirmed report released today, November 27, 2018, claims that NASDAQ has plans to launch bitcoin-based futures contracts, and that these plans are continuing to go forward despite the recent crypto crash. Bloomberg published an article today describing NASDAQ’s history with these futures contracts, claiming that they have “been working to satisfy the concerns of the U.
Thomson Reuters Partners With Startup for Next Level Derivatives Exchange

Thomson Reuters Partners With Startup for Next Level Derivatives Exchange

Thomson Reuters (TR) provides trusted data and information to professionals across the legal, tax and accounting, and news and media industries. Operating in more than 100 countries, TR lists its shares on both the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSE). The company has now expanded its scope and entered into the realm of blockchain technology and artificial intelligence (A.

Regulators Greenlight Bitcoin Futures

Bitcoin futures contracts to be offered by CME Group Inc. and Cboe Futures Exchange to mainstream investors. CME Group, the world’s largest futures exchange, has announced that it has self-certified the initial listing of its Bitcoin futures contract.

Setting Bitcoin’s Price Mechanism: CME Group to Launch BTC Futures

On the anniversary of the publication of Satoshi Nakamoto’s Bitcoin white paper, the price of Bitcoin reached a new all-time high, following the news that CME Group, one of the world’s largest derivatives exchanges, will launch a Bitcoin futures product before the end of Q4 2017.
CME Group to Launch Bitcoin Futures Contract

CME Group to Launch Bitcoin Futures Contract

Derivatives marketplace operator CME Group has announced plans to launch a bitcoin futures product in the fourth quarter of this year. 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.
Bitcoin Price Corrects to $5,880, Down $270 After New All-Time High

Bitcoin Price Corrects to $5,880, Down $270 After New All-Time High

Earlier today, on October 22, the bitcoin price declined from $6,150 to $5,880, recording a minor correction after achieving a new all-time high at $6,199. Bitcoin Price Increases From $4,800 to $6,199 in 10 Days, Correction Needed Since October 12, the price of bitcoin has surged from $4,800 to $6,199, within a span of 10 days.
LedgerX Trades $1 Million in Bitcoin Derivatives in First Week

LedgerX Trades $1 Million in Bitcoin Derivatives in First Week

The first regulated cryptocurrency derivative trades have taken place on a U.S. exchange. In a statement to the press today, bitcoin trading platform LedgerX confirmed rumors that it has already begun trading cryptocurrency derivatives, an offering it first received approval to begin selling to institutional investors in July. According to figures provided by the company, LedgerX saw 176 swaps and options contracts traded in its first week, with notional values of more than $1 million.
DTCC Milestone: $11 Trillion in Derivatives Gets Closer to the Blockchain

DTCC Milestone: $11 Trillion in Derivatives Gets Closer to the Blockchain

The company that today settles the lion's share of U.S. securities is moving its flagship blockchain project out of the testing phase. Revealed in an exclusive interview with CoinDesk, the DTCC reports that it has completed an early version of a blockchain that could one day support the trade of $11 trillion-worth of credit derivatives. The milestone signifies a major development for the clearing house, one that also marks a continuation of the largest effort yet to adapt an existing financial infrastructure to a blockchain.
Two More Bitcoin Futures ETFs Are Up for SEC Approval

Two More Bitcoin Futures ETFs Are Up for SEC Approval

A Maryland-based exchange-traded fund (ETF) firm has filed to launch two new bitcoin futures-based products. According to a Form S-1 dated September 27, ProShares Capital Management wants to create two bitcoin-tied funds: the ProShares Bitcoin ETF and the ProShares Short Bitcoin ETF. Like other proposed ETFs that have emerged in recent months, ProShares isn’t planning to buy direct stakes in the cryptocurrency; rather, it intends to create exposure through derivatives contracts.