(MENAFNEditorial) iCrowdNewswire - Feb 11, 2018
Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE), one of the world's largest exchange holding companies, today announced the settlement of January expiry Cboe bitcoin (XBT) future.
The settlement price was$10,900.00, as determined by the4:00 p.m. ETGemini1Exchange bitcoin auction.
Cboe XBT futures, the first regulated futures of their kind,, and a total of over 124,000 contracts have traded across expiries since, representing a notional value of over$1.5 billion. The contracts, which are cash-settled, were specifically designed to allow participants to implement straightforward trading strategies through settlement to a single, tradable auction price as calculated by Gemini.
Ed Tilly, Chairman and Chief Executive Officer of Cboe Global Markets, said: "Our regulated market experienced a smooth operational close and the settlement process worked as designed. This is an encouraging initial milestone, and we look forward to working with customers to power the growth of this nascent market."
For more information about XBT futures, please visit.
About Cboe Global Markets, Inc.
Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq:) is one of the world's largest exchange holding companies, offering cutting-edge trading and investment solutions to investors around the world. The company is committed to relentless innovation, connecting global markets with world-class technology, and providing seamless solutions that enhance the customer experience.
Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index), the world's barometer for equity market volatility.
Cboe's trading venues include the largest options exchange in the U.S. and the largest stock exchange by value traded in Europe. In addition, the company is the second-largest stock exchange operator in the U.S. and a leading market globally for ETP trading.
The company is headquartered inChicagowith offices inKansas City,New York,London,San Francisco,Singapore,Hong KongandQuito, Ecuador. For more information, visit.
Media Contacts
Analyst Contact
Suzanne Cosgrove Hannah Randall
Stacie Fleming Debbie Koopman
+1-312-786-7123 +1-646-856-8809
+44-20-7012-8950 +1-312-786-7136
CBOE-EF
Cboe®, Cboe Volatility Index® and VIX® are registered trademarks and Cboe Global MarketsSMand XBTSMare service marks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.
___________________________________
1Gemini is aNew Yorktrust company that is subject to fiduciary obligations, capital reserve requirements, and banking compliance standards of theNew York StateDepartment of Financial Services.
Contact Information:
Media Contacts
Analyst Contact
Suzanne Cosgrove
Hannah Randall
Stacie Fleming
Debbie Koopman
+1-312-786-7123
+1-646-856-8809
+44-20-7012-8950
+1-312-786-7136
MENAFN301202201800490000ID1096407529
--MENAFN301202201800490000ID1096407529-->
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.