Bitcoin Friday
Futures and Options
Bitcoin Friday Futures - Contract Specs
| Contract Unit | 0.02 bitcoin, as defined by the CME CF Bitcoin Reference Rate New York Variant (BRRNY) |
|---|---|
| Price Quotation | U.S. dollars and cents |
| Trading Hours | CME Globex: Outright: Sunday - Friday 5:00 p.m. - 4:00 p.m Central Time (CT) with a 60-minute break each day beginning at 4:00 p.m. CT BTIC London: Sunday - Friday 6:00 p.m. ET - 4:00 p.m London time (11:00 a.m./12:00 p.m. ET). Monday - Thursday 4:30 p.m. London Time (11:30 a.m./12:30 p.m. ET) - 5:00 p.m. ET. Friday 4:30 p.m. London Time (11:30 a.m./12:30 p.m. ET) - 5:00 p.m. ET for Monday’s Reference Rate. Monday - Thursday 5:00 p.m. - 6:00 p.m. ET daily maintenance period. BTIC NY: Sunday - Friday 6:00 p.m. - 4:00 p.m. ET with a 60-minute break each day beginning at 5:00pm ET. BTIC APAC: Sunday - Friday 6:00 p.m. ET - 4:00 p.m. Hong Kong/Singapore time (3:00 a.m./4:00 a.m. ET). Monday - Thursday 4:30 p.m. Hong Kong/Singapore time (3:30 a.m./4:30 a.m. ET) - 5:00 p.m. ET. for next day's Reference Rate. Friday 4:30 p.m. Hong Kong/Singapore time (3:30 a.m./4:30 a.m. ET) - 5:00 p.m. ET for Monday’s Reference Rate Monday - Thursday 5:00 p.m. - 6:00 p.m. ET daily maintenance period. CME ClearPort: Outright: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT BTIC London: Sunday 6:00 p.m. ET - Monday 4:00 p.m. London Time (11:00 a.m./12:00 p.m. ET). Monday - Thursday 1:00 p.m. ET - 6:45 p.m. ET and 7:00 p.m. ET to 4:00 p.m. London Time (11:00 a.m./12:00 p.m. ET). Monday - Friday 4:00 p.m. London Time - 1:00 p.m. ET and 6:45 p.m. - 7:00 p.m. ET daily maintenance period. BTIC NY: Sunday 6:00 p.m. - Friday 4:00 p.m. ET with a daily restart for the following day's reference rate at 7:00 p.m. ET. BTIC APAC: Sunday 6:00 p.m. ET - Monday 4:00 p.m. Hong Kong/Singapore time (3:00 a.m./4:00 a.m. ET). Monday - Thursday - 11:00 a.m. ET - 4:00 p.m. Hong Kong/Singapore time (3:00 a.m./4:00 a.m. ET) for next day's Reference Rate. Friday - 11:00 a.m. ET - 4:00 p.m. Hong Kong/Singapore time (3:00 a.m./4:00 a.m. ET) for Monday’s Reference Rate. Daily maintenance period 5:00 p.m. - 6:00 p.m. ET. |
| Minimum Price Fluctuation | Outright: $5.00 per bitcoin = $0.10 per contract BTIC: $1.00 per bitcoin = $0.02 per contract Calendar Spread: $1.00 per bitcoin = $0.02 per contract |
| Product Code | CME Globex: BFF CME ClearPort: BFF Clearing: BFF BTIC: "BLB","BAB","BFB" |
| Listed Contracts | Friday contracts listed for 2 consecutive weeks |
| Settlement Method | Financially Settled |
| Termination of Trading | Outright: Trading terminates at 4:00 p.m. New York time on the last Friday of the contract week. If this is not both a London and U.S. business day, trading terminates on the prior London or the U.S. business day. BTIC London: Trading terminates at 4:00 p.m. London time on the business day immediately preceding the day of Final Settlement Price determination for such futures contract. For clarity, BTIC transactions in expiring futures contracts may not be initiated on the Last Trade Date in such expiring futures. BTIC NY: Trading terminates at 4:00 p.m. New York time on the business day immediately preceding the day of Final Settlement Price determination for such futures contract. For clarity, BTIC transactions in expiring futures contracts may not be initiated on the Last Trade Date in such expiring futures. BTIC APAC: Trading terminates at 4:00 p.m. Hong Kong/Singapore time on the business day immediately preceding the day of Final Settlement Price determination for such futures contract. For clarity, BTIC transactions in expiring futures contracts may not be initiated on the Last Trade Date in such expiring futures. |
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