So trading this contract is starting in a few days. Is there any hard data on the required maintenance for a intraday trade. And also what is the requirements for an overnight hold? Is IB going to offer it
CME Bitcoin contract specifications http://www.cmegroup.com/trading/bitcoin-futures.html http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html Contract size = 5 Bitcoin, or approximately (5 * $18,000) = $90,000 at the time of writing Minimum Price Fluctuation Outright: $5.00 per bitcoin = (5 * $5) $25.00 per contract .
"Factbox: Bitcoin futures contracts at CME and Cboe" https://www.reuters.com/article/us-...tures-contracts-at-cme-and-cboe-idUSKBN1E92IR "CME’s contract will be priced off of the CME Bitcoin Reference Rate, an index that references pricing data from cryptocurrency exchanges, currently made up of Bitstamp, GDAX, itBit and Kraken. " .
I can imagine tons of brokers fighting to divide less than 2000 contract of bitcoin Every day. That's a big deal!!!!!!