| Contract Specifications | |
|---|---|
| Contract Size | 0.10 bitcoin |
| Trading Hours and Venue |
CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. ET (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. ET (4:00 p.m. CT) CME ClearPort: 6:00 p.m. Sunday to 6:45 p.m. Friday ET (5:00 p.m. - 5:45 p.m. CT) with a 15-minute maintenance window between 6:45 p.m. - 7:00 p.m. ET (5:45 p.m. - 6:00 p.m. CT) Monday - Thursday. |
| Minimum Price Fluctuation |
Outrights: $5 per bitcoin = $0.50 per contract Spreads: $1 per bitcoin = $0.10 per contract |
| Product Code |
CME Globex: MBT |
| Listing Cycle |
Six consecutive monthly contracts inclusive of the nearest two December contracts. |
| Final Settlement |
Cash settled by reference to final settlement price, equal to the CME CF Bitcoin Reference Rate (BRR) on last day of trading. |
| Termination of Trading |
Trading terminates at 4 p.m. London time on the last Friday of the contract month. If that day is not a business day in both the U.K. and the US, trading terminates on the preceding day that is a business day for both the U.K. and the U.S. |
If you already have Futures trading permission, you can begin trading CME Group Micro Bitcoin Futures.
If you do not already have Futures trading permission, log in to Client Portal and request Futures trading permission via the Settings > Account Settings > Trading Experience & Permissions menu item. Trading permission requests are typically approved overnight.
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TRADING IN BITCOIN FUTURES IS ESPECIALLY RISKY AND IS ONLY FOR CLIENTS WITH A HIGH RISK TOLERANCE AND THE FINANCIAL ABILITY TO SUSTAIN LOSSES.
For more information about the risks of trading Bitcoin products, click here.
Options and Futures: Options and Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading options read the Characteristics and Risks of Standardized Options. Before trading futures, please read the Security Futures Risk Disclosure Statement.
Although the size of the Micro Bitcoin contracts are 1/10th the size of their classic Bitcoin counterparts, pricing may not exactly track the pricing of the Bitcoin futures.
Disclosures:
Pursuant to Part 7.8A of the Corporations Act 2001, Interactive Brokers Australia Pty. Ltd. has prepared the following target market determinations relating to certain financial products for which it is deemed to be the issuer. Our Target Market Determinations are located here: Target Market Determinations.
Product Disclosure Statements are also available for each of these products. If applicable, you should carefully consider these Disclosures in deciding whether to acquire, or to continue to hold, the relevant financial product.