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Dear Traders,
More BitCoin futures information from the CME Group….
Contract Specifications
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Contract Unit
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5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR)
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Minimum Price Fluctuation
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Outright: $5.00 per bitcoin = $25.00 per contract
Calendar Spread and Basis Trade at Index Close (BTIC): $1.00 per bitcoin = $5.00 per contract
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Trading Hours
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CME Globex and CME ClearPort: 5:00 p.m. – 4:00 p.m. CT Sunday – Friday
BTIC: 5:00 p.m. – 10:00 a.m. or 11:00 a.m. CT (4:00 p.m. London Time) Sunday – Friday
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Product Code
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Outright: BTC
BTIC: BTB
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Listing Cycle
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Nearest 2 months in the March Quarterly cycle (Mar, Jun, Sep, Dec) plus the nearest 2 “serial” months not in the March Quarterly cycle.
Contract months for initial listing: Dec 2017, Jan 2018, Feb 2018, Mar 2018.
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Termination of Trading
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Last Day of Trading is the last Friday of contract month.
Trading in expiring futures terminates at 4:00 p.m. London time on Last Day of Trading.
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Position Limits
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Spot Position Limits are set at 1,000 contracts. A position accountability level of 5,000 contracts will be applied to positions in single months outside the spot month and in all months combined. The reportable level will be 25 contracts.
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Block Minimum
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5 contracts
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Price Limits
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Price limits for a given Business Day are made by reference to the most recent Bitcoin Futures settlement price, settled at 4:00 p.m. London time each Business Day.
Special price fluctuation limits equal to 7% above and below prior settlement price and 13% above and below prior settlement price and a price limit of 20% above or below the previous settlement price. Trading will not be permitted outside the 20% above and below prior settlement price.
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Settlement
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Cash settled by reference to Final Settlement Price, equal to the CME CF Bitcoin Reference Rate (BRR) on Last Day of Trading.
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Subject to all requisite approvals and filings
Good Trading!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Futures Trading Levels
11-15-2017
| Contract December 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | BitCoin Index |
| Resistance 3 | 2602.75 | 6374.58 | 23645 | 1484.80 | 6993.25 |
| Resistance 2 | 2592.50 | 6346.42 | 23534 | 1479.60 | 6869.61 |
| Resistance 1 | 2584.75 | 6319.08 | 23452 | 1474.70 | 6745.36 |
| Pivot | 2574.50 | 6290.92 | 23341 | 1469.50 | 6621.72 |
| Support 1 | 2566.75 | 6263.58 | 23259 | 1464.60 | 6497.47 |
| Support 2 | 2556.50 | 6235.42 | 23148 | 1459.40 | 6373.83 |
| Support 3 | 2548.75 | 6208.08 | 23066 | 1454.50 | 6249.58 |
| Contract | December Gold | Dec. Silver | Dec. Crude Oil | Dec. Bonds | Dec. Euro |
| Resistance 3 | 1300.3 | 17.36 | 57.93 | 153 22/32 | 1.2010 |
| Resistance 2 | 1292.1 | 17.23 | 57.35 | 153 12/32 | 1.1918 |
| Resistance 1 | 1286.2 | 17.12 | 56.34 | 153 4/32 | 1.1867 |
| Pivot | 1278.0 | 16.99 | 55.76 | 152 26/32 | 1.1775 |
| Support 1 | 1272.1 | 16.89 | 54.75 | 152 18/32 | 1.1723 |
| Support 2 | 1263.9 | 16.76 | 54.17 | 152 8/32 | 1.1631 |
| Support 3 | 1258.0 | 16.65 | 53.16 | 152 | 1.1580 |
| Contract | Dec. Corn | Dec. Wheat | January Beans | Dec. SoyMeal | Dec. Nat Gas |
| Resistance 3 | 345.3 | 436.2 | 985.00 | 314.90 | 3.22 |
| Resistance 2 | 343.7 | 432.8 | 981.25 | 313.70 | 3.18 |
| Resistance 1 | 340.6 | 430.4 | 974.50 | 312.00 | 3.13 |
| Pivot | 338.9 | 427.1 | 970.75 | 310.80 | 3.10 |
| Support 1 | 335.8 | 424.7 | 964.0 | 309.1 | 3.0 |
| Support 2 | 334.2 | 421.3 | 960.25 | 307.90 | 3.01 |
| Support 3 | 331.1 | 418.9 | 953.50 | 306.20 | 2.96 |
Economic Reports, source:
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.
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