ED&F MCM announces launch of CME Micro Bitcoin Futures

Published on May 14, 2021 GMT
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ED&F MCM announces launch of CME Micro Bitcoin Futures

ED&F Man Capital Markets, the global brokerage operating at the heart of the financial services ecosystem, announces that it will provide clients with the ability to trade the CME Micro Bitcoin from launch.  Trading will begin at the start of the Globex session on Sunday, May 2 at 6.00pm ET.

The Firm has been at the forefront of the provision of a growing suite of cryptocurrency risk management tools.  The new CME Micro Bitcoin offers a cost-effective new way for investors to fine-tune Bitcoin exposure and add versatility to their trading strategies.  It builds on the strength and liquidity of CME Bitcoin futures but is smaller in size, offering the same benefits as the larger contracts at 1/50 of the contract size on a traditional Bitcoin future.

CME Micro Bitcoin futures will be cash settled and traded electronically on Globex and OTC (blocks and EFPs) through Clearport.  As trades happen on a regulated exchange, all participants can see the same prices and quotes.

Commenting on the launch, Brooks Dudley, Global Head of Digital Assets at ED&F Man Capital Markets, said:

“This is a natural evolution of the asset class and ED&F Man Capital Markets has been a driving force behind getting a significantly smaller contract listed. These smaller, right-sized CME Micro Bitcoin futures contracts will make crypto futures trading more accessible to traders of all sizes providing greater choice, flexibility and precision in trading.”

For further information, traders should contact: enquiries@edfmancapital.com