July 19,2023 @03:42 PM
Ether/Bitcoin Ratio
Available starting July 31st*, the new Ether/Bitcoin ratio futures (ticker EBR) will be cash-settled to the value of the Ether futures settlement price divided by the Bitcoin futures settlement price rounded to six decimal places. The contract has a $1,000,000 multiplier resulting in a notional value of approximately $61,000 at current market levels and the minimum tick size is 0.000005 BTC/ETH equivalent to $5 per tick. This product will complement the CME’s existing suite of cryptocurrency products which continue to see strong adoption among market participants by providing:
- Trading on a regulated, centrally cleared marketplace with tried and tested risk management practices
- Efficient crypto exposure leveraging your existing set up and without the need of custody
- Transparent markets providing effective price discovery
- Robust underlying reference rates
- Market leading futures liquidity
Ask your Edge Clear personal broker for details on the CME Group’s Ether/Bitcoin Ratio. Don’t have an expert Edge Clear broker yet, then fill in the information request below and we will assign one to you.
Contract Specifications
| ETHER/BITCOIN RATIO FUTURES | |
|---|---|
| PRODUCT CODE | EBR |
| CONTRACT UNIT | USD 1,000,000 multiplied by the Ether/ Bitcoin Ratio |
| MINIMUM PRICE FLUCTUATION | 0.000005 index points = $5.00 per Contract |
| LISTED CONTRACTS | Monthly contracts listed for 6 consecutive months, quarterly contracts (Mar, Jun, Sep, Dec) listed for 4 additional quarters and a second Dec contract if only one is listed. |
| SETTLEMENT METHOD | Financially Settled |
| TERMINATION OF TRADING | Trading terminates at 4:00 p.m. London time on the last Friday of the contract month. If this is not both a London and U.S. business day, trading terminates on the prior London and the U.S. business day. |
| LISTING EXCHANGE | CME Globex |
*Pending regulatory review
