CME’s New Bitcoin Indexes

Note from the CEO: YEA! This is very big news. Circle the date (November 13th) for the launch of bitcoin indexes by the CME (Chicago Mercantile Exchange) which (1) will really legitimize bitcoin trading, and (2) be able to track real time bitcoin price. Will it be a success? Being from Chicago and a long time trader I have learned to NEVER bet against the CME. Can’t wait to follow the new index. Perhaps FintekNews will too.

“The CME Group is launching two previously announced bitcoin price indexes next month.

The exchange services operator said in a notice this week that its CME CF Bitcoin Reference Rate and CME CF Bitcoin Real Time Index will launch on 13th November. The CME CF Bitcoin Reference Rate, according to the firm, will provide price settlement updates after 15:00 UTC each day.

The goal, CME said, is to give clients a reliable reference rate price source for “digital assets” or cryptographic assets that trade on a blockchain.

The benchmarks are being offered in partnership with UK-based Crypto Facilities. Announced in May, they will draw price data from bitcoin exchanges in Asia, Europe and North America.”

Read Full Article at CoinDesk