CBOE Bitcoin USD Futures http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures/contract-specifications * Listing date subject to regulatory review * Cash-settled * Contract size = 1 Bitcoin (approximately $8,200) * Minimum price interval = $10 ******************************************************************************** Comparison to CME Bitcoin futures: http://www.cmegroup.com/trading/bitcoin-futures.html * Cash-settled * Contract size = 5 Bitcoin, or approximately (5 * $8,200) $41,000 * Minimum Price Fluctuation Outright: $5.00 per bitcoin = ($5.00 * 5 Bitcoin) $25.00 per contract Elitetrader thread about CME Bitcoin futures: https://www.elitetrader.com/et/threads/cme-group-announces-launch-of-bitcoin-futures.314592/ .
If they manage to set it up (i have my doubts...will they receive regulatory approval?), i don't think it will be introduced till next year.
ok.. please help me calculate cash requirements to hold BTC futures overnight... what is my required cash in account, per contract to be? I will buy/sell at IB also, what will a 1 pt move on BTC equal on the futures contract.??
Dude, if you can't figure this out for yourself, don't trade BTC Futures. This thing is like a future on a pennystock. Contract size is huge and implied volatility is around 100% p.a. I tell you, this is not the ES. Most likely they will have mutliple intraday halts cause BTC hits the circuit breaker every hour. And what are you going to do when you're long, BTC cracks support and falls 15%? Right, you'll declare bankruptcy, cause CME is limit down and you cannot sell. So if you have to ask basic questions on an internet forum, just watch it trade for a month or two. Don't be an idiot! The good thing is: you most likely won't be able to trade it on IB and if they really offer it, the margin will be like 50-80%
High-Speed Traders In Search of New Markets Jump Into Bitcoin https://www.bloomberg.com/news/arti...gh-speed-traders-seeking-markets-to-transform
I don't mind the high margin. I'd rather put my money in IB and trust IB/CME to be accountable to my money rather than some sketchy btc broker that could be hacked any day or go under.