In September, demand elsewhere decreased, with agriculture, equities, and metal derivatives ADV falling both in the month and the quarter. However, CME revealed that interest rate ADV helped to push its overall demand higher. September saw interest rate ADV increase 58% to 7.66 million contracts, with the Secured Overnight Financing Rate (SOFR) hitting a record…
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Digital asset exchange Gate.io announced that it is the first major centralized exchange to list SNOW. according to a famous crypto trader, Elliot Wainman, SNOW could grow at least 1000%. On February 2, it reached an all-time high of $146.87. SnowSwap is a decentralized exchange which allows its users to swap wrapped, yield-bearing tokens with minimal…
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With all the hoopla surrounding the stumbling Bakkt futures exchange, we tend to forget that the Chicago Mercantile Exchange (CME) has already established itself as a “go to” place for Bitcoin futures contracts. The CME is also a wily competitor, having knocked out the Chicago Board of Exchange (CBoE) from the arena last March. The…
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Crypto enthusiasts have been waiting a year for the launch of the Bakkt exchange, the brainchild of the Intercontinental Exchange (ICE), the owner and operator of the New York Stock Exchange (NYSE). Circle September 23rd on your calendar as the official “Go Live” date, but the lead up has included required deposits and beta testing…
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Suddenly, Bitcoin “watching” has become boring. There had been some expectations that this weekend might bring a groundswell of support, based on a contentious G7 meeting and the fact that S&P futures were in the toilet, due to tariff wars, but such was not the case. Yes, Bitcoin jumped up on Friday in anticipation of…
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Nine weeks and still ranging is not what Bitcoin enthusiasts had been hoping for, but the leading cryptocurrency has not necessarily backed away from volatility. When other assets are range-bound, it is typically a tight range. One could make the argument that BTC is held captive by “tightening” boundaries, since its price behavior is now…
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The Bitcoin train just keeps chugging along, refusing to pull back sharply, as some analysts of note have suggested, and setting a new high for the year in the process. There has been a great deal of “hype” in the press this week regarding Facebook’s published plans for its proprietary crypto “Project Libra”, which will…
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We sometimes forget that our regulatory bodies have more to do than just look at crypto exchanges and the markets they serve. Representatives of these august bodies often have speaking engagements in other industry sectors, where they often share their opinions on the major topics of the day. For example, the Chairman of the U.S.…
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Traiana (a CME company) has announced that it is enhancing its Credit Risk Hub tool, which provides FX prime brokers with solutions for Tri-Party Agreements and credit management. Traiana enables the sell-side to automate cross-asset risk management and pre/post trade processing. The enhanced offering means that brokers will now be able to document Tri-Party trade…
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Bitcoin is currently rising and many are wondering why. As of this writing, Bitcoin is worth around $7,403 according to major exchanges. Bitcoin futures, on the other hand, seem to be experiencing a steady growth after the product was launched in December 2017, when Bitcoin was hitting $20,000. Both CBOE and CME launched Bitcoin futures.…
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