Re:Bitcoin Futures Could Open the Floodgates for Institution...
by kgwgk on Tuesday October 31, 2017 @06:01PM
(#15596976)
They don't need to replicate anything, they just need to match buyers and sellers.
Re:Bitcoin Futures Could Open the Floodgates for Institution...
by bob_theslob646 on Tuesday October 31, 2017 @07:26PM
(#15597603)
Maybe replicating was too strong of word
What I meant was, how they plan on "replicating", constructing the index value ,in which ,they( the CME) will base the value of bitcoin to be.
It is detailed here. https://www.cmegroup.com/trading/files/bitcoin-reference-rat...
CNBC stated that it is a weighted average of 4 index's in the video, but could not find anything of the sort in the article (https://www.cnbc.com/2017/10/31/cme-plans-to-launch-bitcoin-...)
Re:Bitcoin Futures Could Open the Floodgates for Institution...
by kgwgk on Tuesday October 31, 2017 @07:53PM
(#15597783)
The press release gives some details. The exchanges are Bitstamp, GDAX, itBit and Kraken.
http://www.cmegroup.com/media-room/press-releases/2017/10/31...
Re:Bitcoin Futures Could Open the Floodgates for Institution...
by paulpauper on Tuesday October 31, 2017 @06:41PM
(#15597275)
but commodities are much more volatile than stocks though
The funny thing about this is when the real smart ones get there hands on this contract (quants), watch out. Goodbye free lunch and hello very efficient pricing.(Low vol)