CME Group Inc. is a financial services company. Headquartered in Chicago, the company operates financial derivatives exchanges including the Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, and The Commodity Exchange. The company also owns 27% of S&P Dow Jones Indices.[2][3][4][5] It is the world's largest operator of financial derivatives exchanges. Its exchanges are platforms for trading in agricultural products, currencies, energy, interest rates, metals, futures contracts, options, stock indexes, and cryptocurrencies futures.
CME
In addition to its headquarters in Chicago,[6][7] the company also has offices in New York, Washington, and Houston in the U.S., as well as abroad in London, Bangalore, Beijing, Belfast, Calgary, Hong Kong, Seoul, Singapore, and Tokyo
Crypto in CME
1Bitcoin future
CME’s Bitcoin futures contract, ticker symbol BTC, is a USD cash-settled contract based on the CME CF Bitcoin Reference Rate (BRR), which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. The BRR aggregates the trade flow of major bitcoin spot exchanges during a one-hour calculation window into the U.S. dollar price of one bitcoin as of 4 p.m. London Time.
The Bitcoin futures contract trades Sunday through Friday, from 5 p.m. to 4 p.m. Central Time (CT).
A single BTC contract has a value of five times the value of the BRR Index and is quoted in U.S. dollars per one bitcoin. The tick increments are quoted in multiples of $5 per bitcoin, meaning a one-tick move of the BTC future is equal to $25.
BTC futures are block trade eligible with a minimum quantity threshold of five contracts.
BTC futures expire the last Friday of the month, and are listed on the nearest six consecutive monthly contracts, inclusive of the nearest two December contracts.
Example
For example, assume it’s January and the six consecutive contract months are January, February, March, April, May, and June. In addition, that year’s December contract plus next year’s December contract will also be listed. As one contract expires, the next contract to complete the six-month lineup is added. When the December contract expires, the June contract becomes active, in addition to the December contract for the next year. So, at any time, there are six consecutive monthly contracts and only two December contracts listed.
This process continues throughout each year.
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