CME Group to launch two new dedicated cryptocurrency market data channels

On Sunday, May 1, 2022 to support increased client demand for cryptocurrency futures and options products, CME Group will launch two new dedicated cryptocurrency market data channels on CME Globex.

In conjunction with the cryptocurrency channel migration the market segment ID will update for MDP 3.0, MSGW iLink and MSGW Drop Copy. This update will not impact data licensing and entitlement requirements.

With the launch, the following cryptocurrency products and associated spreads will be migrated to the new channels:

  • Bitcoin Futures
  • Ether Futures
  • Micro Bitcoin Futures
  • Micro Ether Futures
  • BTIC on Bitcoin Futures
  • BTIC on Ether Futures
  • BTIC on Micro Bitcoin Futures
  • BTIC on Micro Ether Futures
  • Options on Bitcoin Futures

Let’s recall that CME Micro Ether futures volume surpassed 100,000 contracts in the new contract’s first two weeks of trading.

CME launched Micro Ether futures on December 6, 2021, further expanding its suite of cryptocurrency derivatives offerings. Sized at one-tenth of one Ether, Micro Ether futures provide an efficient, cost-effective way for a range of market participants – from institutions to sophisticated, active, individual traders – to hedge their spot Ether price risk or more nimbly execute Ether trading strategies, all while retaining the features and benefits of CME Group’s larger-sized Ether futures.

CME launched Micro Bitcoin futures on May 3, 2021. Several big brokerages have started to offer trading in these new instruments, including Interactive Brokers and TradeStation.

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