CBOE = Chicago Board Options Exchange.
The Chicago Board Options Exchange (CBOE) broke news out of nowhere, of their planned bitcoin futures product and it is to begin trading on Dec. 10.
This SUNDAY -- giving it exclusive BTC Futures trading for about a week, before the massive CME Futures trading kicks in on the 18th.
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This is BIG news in the markets, it looks like the race is really honestly on, with more traditional markets seeing the power of crypto currency!
In their own words from their official Twitter page:
One of the world’s largest exchange holding companies, (#poweringpotential) to stay ahead of an evolving market with cutting-edge trading and investment solutions
https://twitter.com/CBOE/status/937675674348933121
- CBOE
https://twitter.com/CBOE/status/937675674348933121
- CBOE--
The firm stated that trading would commence at 5 p.m. CT, with the actual 1st full day of trading starting the next day - Monday Dec. 11th 2017.
Their CBOE Futures Exchange (CFE) will trade under the "XBT" ticker.
They also stated that trading of the futures product would be free through the end of December.
Ed Tilly, CBOE's chairman and CEO, stated:
"Given the unprecedented interest in bitcoin, it's vital we provide clients the trading tools to help them express their views and hedge their exposure. We are committed to encouraging fairness and liquidity in the bitcoin market. To promote this, we will initially offer XBT futures trading for free."
This launch confirmation comes months after the Chicago-based exchange initially laid out its plans to create a bitcoin futures product, dating back to August of this year.
CBOE was working at that time with New York-based bitcoin exchange Gemini, run by Harvard investors Cameron and Tyler Winklevoss, ahead of the launch, the twins famously connected in the movie "Social Network" - tied to the creation of Facebook in their college days.
The news also comes during a time of rising Bitcoin prices. The cryptocurrency is currently trading at roughly $11,400 USD, as per CoinDesk's Bitcoin Price Index (BPI).
Links/Contact Info:
Direct Futures Platform Info: http://cfe.cboe.com/
Main Site: http://www.cboe.com/
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