Duffy announced on October 31 that CME was going to list bitcoin futures in the fourth quarter of the year, pending regulatory review.
However, Duffy downplayed these concerns and assured skeptics that CME will implement restrictions created to contain the inherent volatility of the bitcoin markets. Speaking with CNBC, Duffy revealed that CME plans to launch bitcoin futures trading during the second week of December.
Among Duffy's notable comments in the interview: insight into how CME would handle major fluctuations in the price.
"I should not be trying to predict the price of products". The creation and launch of such a product boosted the confidence in investors and while cryptocurrencies may face the harsh reality of regulation and bureaucracy from governments and central banks, the financial industry is being disrupted. "But what I want to do is give it a place for other people to lay out that risk".
"With regulated futures of a certain asset class like a bitcoin, you do have an opportunity to introduce ETFs and over time we do envision ETFs coming to market."
So there's only one way it can go. The digital currency then almost recovered all those losses to hit a high of $6,770.37 Monday, before trading near $6,360.
"I think sometime in the second week of December you'll see our contract out for listing."
"I'm going to implement something". However, the price has recovered then, rising to about $6,400. The price settlement will be cash-settled according to the CME CF Bitcoin Reference Rate (BRR), which tracks several bitcoin trading platforms. Institutional investors who may be prohibited from directly purchasing bitcoin will be able to use the futures as a way to buy into the digital currency trend.
CME's venture into the cryptocurrency space also brings about something new - shorting Bitcoin.
He should contribute off the bench at NC State because of his outside shooting and ability to create coming off ball screens. But " based on additional information ", the NCAA reconsidered and made the smart, obvious decision.
Trauth said she was "deeply saddened" by Ellis' death and was suspending all fraternity and sorority activities at the school. KENS 5 has reached out to local and national representatives for the fraternity, but have not received a response.
It has underperformed by 16.70% the S&P500.The move comes after 9 months positive chart setup for the $117.75 million company. Shares of Crescent Point Energy Corporation (CPG) traded down $0.18 during mid-day trading on Monday, hitting $8.41.
Following the completion of the sale, the director now owns 917,530 shares in the company, valued at approximately $28,902,195. The real estate investment trust reported $0.41 EPS for the quarter, topping the Zacks' consensus estimate of $0.16 by $0.25.
Swift reportedly kept " Reputation " off streaming services like Apple Music and Spotify for the first week of release. The singer's long-awaited sixth album arrived just before midnight and naturally it's been all the buzz.
The insurance provider reported $0.78 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.78. The value of the investment in BB&T Corp went from $151,665,000 to $152,035,000 a change of 0.2% quarter to quarter.
Sirius Xm Hldgs Inc (Put) now has $24.54B valuation. (SIRI) analysts on average have given a price target of $35.76 on SIRI stock. Sirius XM Holdings Inc.'s Average Earnings Estimate for the current quarter is $0.05, according to consensus of 14 analysts.
It further says that Uber targets intoxicated passengers as a safe ride for riders who have been drinking. District Court in Northern California, Jane Doe 1 and Jane Doe 2 describe being raped by Uber drivers.
Televisa spokesman Olmos Cruz Alejandro said the company could not comment without knowing more about the trial testimony. Shares of Twenty First Century Fox were down 2.3 percent at $27.88 in afternoon NYSE trading.
Swiss HSBC settles French tax fraud dispute
HSBC's Swiss private bank said it is ending a long-running French investigation over offshore accounts by paying a fine. It also said that two former directors of HSBC's Swiss private bank remained subject to possible legal action.
Trump's approval rating is near his personal low
The latest figures include 28% who Strongly Approve of the way Trump is performing and 45% who Strongly Disapprove. The Rasmussen Reports daily Presidential Tracking Poll for Tuesday shows that 44% of Likely U.S.
The Game Awards gears up for show with nominees list
In 2017, " Super Mario Odyssey " and "Zelda: Breath of the Wild" have been welcomed as two of the best games of all time. The full list of nominations can be found here , along with instructions on how to vote for your favourite.
Rose McGowan Arrested Over Felony Cocaine Warrant
The Metropolitan Washington Airports Authority Police Department obtained the arrest warrant on February 1. Police say they had attempted to contact McGowan so she can appear in a Loudoun County, Virginia, court.
Include Bharat-22 ETF in your satellite portfolio
The new ETF has 22 companies spread across six sectors compared to just 10 stocks spread across five sectors in the CPSE ETF. The ETF will help the government meet its ambitious Rs72,500 crore disinvestment target for the current fiscal.