CME Group Expands Cryptocurrency Options Portfolio
Expansion of Cryptocurrency Options
CME Group, the leading derivatives marketplace, is set to expand its cryptocurrency options offerings. Beginning May 22, pending regulatory approval, the company will introduce new daily expirations for Bitcoin and Ether options contracts. This expansion aims to provide market participants with increased precision and versatility in managing cryptocurrency price risks, especially amid heightened market volatility.
New Expiry Schedule
The new options will feature expiries available every business day from Monday to Friday. For standard-sized Bitcoin and Ether futures, new expiries will be introduced on Monday through Friday. Micro-sized Bitcoin and Ether futures will now include Tuesday and Thursday expiries, complementing their existing Monday, Wednesday, and Friday options. These updates will enhance the existing monthly and quarterly expiries, offering more comprehensive options for risk management.
Enhanced Market Liquidity
CME Group's initiative to complete the short end of the implied volatility surface is expected to enhance liquidity. Institutional market makers will benefit from the new Tuesday and Thursday micro options contracts. This development allows market participants of all sizes to trade and hedge cryptocurrency exposures throughout the business week.
Record Trading Performance
In the first quarter of 2023, CME Group's Bitcoin and Ether futures and options complex achieved a record daily average notional value exceeding $3 billion. Bitcoin futures and options showed significant growth, with daily average volumes surpassing 11,500 contracts. Ether options also saw increased activity, with record trading volumes recorded.
About CME Group
As the world's leading derivatives marketplace, CME Group provides a platform for trading futures, options, and other financial instruments across various asset classes. The company's exchanges offer global benchmark products, enabling efficient risk management and trading opportunities for clients worldwide.
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