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News

CME Group Provides Single-Trade Solution With Ether/Bitcoin Ratio Futures Contract

June 30, 2023 - Around 3 mins mins to read

Key Points:

  • CME Group launches Ether/Bitcoin Ratio (EBR) futures contract, allowing efficient relative value trading between Ether and Bitcoin.
  • EBR futures contract provides cryptocurrency exposure without the need for a directional view, making it a promising tool for hedging and risk management in the crypto market.
CME Group introduces Ether/Bitcoin Ratio (EBR) futures contract for efficient relative value trading between Ether and Bitcoin. Provides cryptocurrency exposure without directional view, enabling hedging and risk management.
CME Group Provides Single-Trade Solution With Ether/Bitcoin Ratio Futures Contract

CME group has announced the launch of Ether/Bitcoin Ratio (EBR) futures contract. This new contract will allow market participants to efficiently execute a relative value trade between Ether futures and Bitcoin futures contracts in a single trade. The EBR futures contract will enable investors to access cryptocurrency exposure without the need to take a directional view.

The CME Globex ticker for the new futures contract is EBR, where the ratio is defined as Ether futures price divided by the Bitcoin futures price. The ratio will be calculated using the same expiration month for the underlying Ether and Bitcoin futures contract. The ratio will always be positive and will be available across all listed contract months. The notional value of the contract is found by multiplying the ratio by $1,000,000.

Ether/Bitcoin Ratio futures allow traders to efficiently express a view on the relative value of the two cryptocurrencies without a directional bias on the overall cryptocurrency market. This feature makes the EBR futures contract a promising tool for hedging and risk management purposes in the cryptocurrency market.

The EBR Final Settlement price is found by dividing the Ether futures Final Settlement Price by the Bitcoin futures Final Settlement Price. This feature ensures the settlement of the futures contract at a fair value.

CONTRACT SIZE$1,000,000 
CONTRACT UNIT OF MEASUREEther futures Final Settlement Price ÷ Bitcoin futures Final Settlement Price * $1,000,000
PRICE QUOTATIONU.S. dollars and cents 
TRADING HOURS AND VENUE
CME Globex:
Friday – Sunday, 6:00 p.m. – 5:00 p.m. Eastern time (ET)
CME Globex:
Sunday – Friday 5:00 p.m. – 4:00 p.m Central time (CT) with a 60-minute break each day beginning at 4:00 p.m. CT

CME Clearport:
Sunday 5:00 p.m. – Friday 5:45 p.m. CT with no reporting Monday – Thursday from 5:45 p.m. – 6:00 p.m. CT
MINIMUM PRICE FLUCTUATIONOutrights: 0.000005 index points = $5.00 per contract­
PRODUCT CODECME Globex: EBR
CME ClearPort: EBR
Clearing: EBR
LISTING CYCLEMonthly contracts listed for six consecutive months, quarterly contracts (Mar, Jun, Sep, Dec) listed for four additional quarters and a second Dec contract if only one is listed.
FINAL SETTLEMENTFinancially settled
TERMINATION OF TRADINGTrading terminates at 4:00 p.m. London time on the last Friday of the contract month.
Source: CME Group

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

CME Group

Ether/Bitcoin Ratio Futures Contract

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
News

CME Group Provides Single-Trade Solution With Ether/Bitcoin Ratio Futures Contract

Key Points:

  • CME Group launches Ether/Bitcoin Ratio (EBR) futures contract, allowing efficient relative value trading between Ether and Bitcoin.
  • EBR futures contract provides cryptocurrency exposure without the need for a directional view, making it a promising tool for hedging and risk management in the crypto market.
CME Group introduces Ether/Bitcoin Ratio (EBR) futures contract for efficient relative value trading between Ether and Bitcoin. Provides cryptocurrency exposure without directional view, enabling hedging and risk management.
CME Group Provides Single-Trade Solution With Ether/Bitcoin Ratio Futures Contract

CME group has announced the launch of Ether/Bitcoin Ratio (EBR) futures contract. This new contract will allow market participants to efficiently execute a relative value trade between Ether futures and Bitcoin futures contracts in a single trade. The EBR futures contract will enable investors to access cryptocurrency exposure without the need to take a directional view.

The CME Globex ticker for the new futures contract is EBR, where the ratio is defined as Ether futures price divided by the Bitcoin futures price. The ratio will be calculated using the same expiration month for the underlying Ether and Bitcoin futures contract. The ratio will always be positive and will be available across all listed contract months. The notional value of the contract is found by multiplying the ratio by $1,000,000.

Ether/Bitcoin Ratio futures allow traders to efficiently express a view on the relative value of the two cryptocurrencies without a directional bias on the overall cryptocurrency market. This feature makes the EBR futures contract a promising tool for hedging and risk management purposes in the cryptocurrency market.

The EBR Final Settlement price is found by dividing the Ether futures Final Settlement Price by the Bitcoin futures Final Settlement Price. This feature ensures the settlement of the futures contract at a fair value.

CONTRACT SIZE$1,000,000 
CONTRACT UNIT OF MEASUREEther futures Final Settlement Price ÷ Bitcoin futures Final Settlement Price * $1,000,000
PRICE QUOTATIONU.S. dollars and cents 
TRADING HOURS AND VENUE
CME Globex:
Friday – Sunday, 6:00 p.m. – 5:00 p.m. Eastern time (ET)
CME Globex:
Sunday – Friday 5:00 p.m. – 4:00 p.m Central time (CT) with a 60-minute break each day beginning at 4:00 p.m. CT

CME Clearport:
Sunday 5:00 p.m. – Friday 5:45 p.m. CT with no reporting Monday – Thursday from 5:45 p.m. – 6:00 p.m. CT
MINIMUM PRICE FLUCTUATIONOutrights: 0.000005 index points = $5.00 per contract­
PRODUCT CODECME Globex: EBR
CME ClearPort: EBR
Clearing: EBR
LISTING CYCLEMonthly contracts listed for six consecutive months, quarterly contracts (Mar, Jun, Sep, Dec) listed for four additional quarters and a second Dec contract if only one is listed.
FINAL SETTLEMENTFinancially settled
TERMINATION OF TRADINGTrading terminates at 4:00 p.m. London time on the last Friday of the contract month.
Source: CME Group

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

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