# Futures Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "Futures", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

CME Launches Single-Stock Futures on Over 50 Leading U.S. Companies, and Its Cryptocurrency Derivatives Division Continues to Grow

CME Group has launched futures contracts on individual stocks of more than 50 leading U.S. companies, marking a significant expansion of its equity derivatives offerings. A total of 77 contracts are now available, comprising 55 standard-sized futures (each representing 100 shares) and 22 micro-sized contracts (each for 10 shares). The lineup includes mega-cap tech firms like Alphabet, Meta, and Tesla, recently public SpaceX, as well as major names such as Micron, Pfizer, and Walmart. These cash-settled contracts feature a quarterly expiration cycle, similar to CME's existing equity index futures. Tim McCourt, CME's Global Head of Equities, FX, and Alternative Products, stated the launch responds to client demand for more precise single-stock risk management and the capital efficiency benefits of a centralized marketplace. He noted the products aim to broaden CME's client base beyond traditional institutional investors, with the group partnering with over 35 retail brokers for distribution. Trading will occur nearly 23 hours a day, five days a week on CME Globex, far exceeding standard U.S. equity trading hours. While this allows traders to react to news around the clock, officials warn of potential liquidity risks and volatility during overnight sessions, echoing concerns seen in CME's 24/7 crypto markets. Notably, the new contracts, which exclude any crypto tokens, leverage the cash-settled, margined infrastructure CME has honed through its cryptocurrency derivatives business. That division continues to grow; CME launched round-the-clock Bitcoin and Ether futures and options in late May 2024 and has since added futures on crypto indices tracking Bitcoin, Solana, and XRP, with Bitcoin volatility futures planned. However, activity in CME's core Bitcoin futures has cooled from recent peaks, with open interest hitting a 14-month low in April amid reduced yields and trading volumes.

cryptonews.ru2 giorni fa 16:39

CME Launches Single-Stock Futures on Over 50 Leading U.S. Companies, and Its Cryptocurrency Derivatives Division Continues to Grow

cryptonews.ru2 giorni fa 16:39

Perpetual Futures 'Landing in the US' Hits Roadblock: Why is CME Suing the CFTC in Court?

Perpetual crypto futures, which dominate global crypto derivatives trading, are entering the U.S. market. The CFTC approved KalshiEX to launch a true Bitcoin perpetual contract (BTCPERP) and issued rules allowing licensed exchanges to convert expiring crypto futures into perpetual ones. This move was challenged when CME Group sued the CFTC, arguing that perpetuals should be regulated as "swaps" under stricter rules, not as futures. The lawsuit's outcome will significantly impact the legal foundation of the nascent U.S. perpetuals market. Currently, two legal structures exist in the U.S.: true perpetuals (like Kalshi's) and long-dated futures (like Coinbase's) that mimic perpetuals via frequent funding rate settlements. These funding rates, paid between longs and shorts, keep contract prices anchored to spot. The proliferation of U.S. perpetuals creates fragmented liquidity across platforms (Kalshi, Coinbase, CME), with different rules on leverage, margining, and clearing. This fragmentation reduces capital efficiency, as collateral cannot be shared across products. Key competitive battlegrounds will be cross-product margin efficiency and the response of these new markets to extreme volatility. A pending Coinbase proposal to allow USDC stablecoin as futures margin could improve capital efficiency. Ultimately, the market's evolution hinges on two factors: how U.S. perpetuals behave during sharp Bitcoin price moves, and the court's ruling on whether they are futures or swaps.

Foresight News2 giorni fa 13:30

Perpetual Futures 'Landing in the US' Hits Roadblock: Why is CME Suing the CFTC in Court?

Foresight News2 giorni fa 13:30

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