Tuesday , December 10 2019
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Tag Archives: Futures contract

Bitcoin Trust Plunges As Arbitrage Spreads Collapse

Just a week after CME started Bitcoin futures trading (and 2 weeks after CBOE), a number of massive arbitrage premiums have finally started to collapse as shorts dip their toes in a risk-limited way... The first 'arbitrage' is the Bitcoin Futures-Spot spread which was well over $2000 in the first few days of Bitcoin Futures trading. As volumes have picked up in recent days, the premium has compressed to zero today... This is the worst 3-day run for Bitcoin in over a month. And...

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It Is What It Is But It’s Not What It Seems

    It Is What It Is But It's Not What It Seems Written by Craig Hemke, Sprott Money News & TF Metals Report     That line was only recently penned by the great Irish poet and philosopher, Paul Hewson. It no doubt applies here to our daily struggle against The Banks and their paper derivative pricing scheme.   "It is what it is but it's not what it seems." Yep, that's a deft description on Comex...

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Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

Bitcoin futures are here...   Small Caps and Trannies were today's biggest losers as Nasdaq led...   The S&P 500 has not been this overbought since 1995...   VIX briefly topped 10 after the NYC bomb explosion...but was clubbed into the close..   Utes ramped oddly in the afternoon but Energy stocks and Tech were best...   High-Tax stocks underperformed Low-Tax stocks...     But while some were paying attention to stocks, most eyes were glued to...

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CBOE Website Crashes As Bitcoin Futures Trading Begins

The CBOE’s website crashed within minutes of the CBOE open on Sunday – which also marked the launch of the first bitcoin futures to trade on a major exchange - while the price of a bitcoin spiked 10% in five minutes as the new contract with the ticker XBT fluctuated wildly. Shortly after the initial website crash, the CBOE tweeted that "visitors to cboe.com may find site is performing slower than usual and may at times be temporarily unavailable" due to heavy traffic...

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All You Need To Know About Today’s Bitcoin Futures Contract

CBOE Global Markets Inc and CME Group Inc will launch futures contracts on bitcoin on Dec. 10 and Dec. 17 respectively. Here are some of the differences between the products to be offered by the exchange operators. CONTRACT UNIT The Cboe Bitcoin Futures Contract will use the ticker XBT and will equal one bitcoin. The CME Bitcoin Futures Contract will use the ticker BTC and will equal five bitcoins. PRICING AND SETTLEMENT Both Cboe’s and CME’s bitcoin futures contracts will be...

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The TRUTH about the new Bitcoin Futures CME contract

Elite E Services 12/10/2017 - As a Forex CTA for 12 years, we were happy to learn the CME will offer a Bitcoin futures contract, and called the CME to learn more.  Unlike most of these Bitcoin outfits, the CME has an office, a phone, which is answered, and we were routed to the correct person.  We don't want to name names as we still wait a response from legal about the publication of information (which will likely not happen before the contract goes live) so we will speak only...

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Gold Breaks Below Key Support, Drops To 4-Month Lows

At 0907ET, someone decided it was the perfect time to dump $1.5 billion notional worth of gold, smashing the precious metal below its 200-day moving-average and back down to 4-month lows...   And so, once again, gold futures are tumbling...   To 4-month lows...but still up around 10% year-to-date...   What's driving the gold weakness? Who knows... because it's not the dollar...

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VIX Futures (Don’t) Breakout: a Slinky’s Story of Epic Failure

Volatility Index Futures (VX)   VIX futures spiked up to 13.47 during the session before reversing 12% lower and closing back down at 11.88.  Today's 13.47 intraday high was just: 0.03 lower than the 11/15 swing high of 13.50, which is... 1.15 lower than the 10/25 swing high of 14.65, which was... 3.85 lower than the 9/05 intraday spike up to 18.50, which was... 0.50 lower than the 8/29 intraday spike up to 19.00, which was... 0.75 lower than the 8/11 swing high of 19.75, which...

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Bitcoin Soars After CFTC Approves Futures Trading: First Trade To Take Place Dec.18

Bitcoin is back over $10,000 after the the CFTC confirmed what had been previously reported, namely that it would allow bitcoin futures to trade on two exchanges, the CME and CBOE Futures Exchange, also granting the Cantor Exchange permission to trade a contract for bitcoin binary options. The CFTC announced that through a process known as "self-certification," CME and Cboe stated that their contracts comply with U.S. law and CFTC regulations. The US commodity regulator also said that the it...

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