TradeStation, a Monex Group company and award-winning* online broker-dealer and futures commission merchant, today announced plans to offer its futures clients the ability to trade new Bitcoin futures contracts from CME Group (CME) and Cboe Global Markets (Cboe Futures Exchange, or CFE) immediately upon their launch. The Chicago-based exchanges recently announced plans to introduce the new contracts, pending all necessary internal and external regulatory approvals.
The moves by CME Group and Cboe Global Markets come amid burgeoning global interest in Bitcoin and other cryptocurrency markets. Given CME Group’s position as the world’s largest, most diverse exchange marketplace, and Cboe Global Markets’ position as operator of the largest U.S. options exchange, these Bitcoin futures contracts are expected to draw great interest and liquidity from institutional and retail traders alike. Because the contracts will be subject to CME and CFE rules and specifications, there should be added security, transparency, price discovery and risk transfer capabilities versus trading Bitcoin outright.
In anticipation of expected additional interest in and demand for cryptocurrency trading, TradeStation earlier this year added support for real-time market data for the CME’s two Bitcoin indices, the CME CF Bitcoin Reference Rate and the CME CF Bitcoin Real Time Index. Once available, CME and CFE Bitcoin contracts can be traded by current and newly funded TradeStation futures account holders.
“We’re very excited that TradeStation clients will be able to trade these Bitcoin futures contracts starting on the very first day of trading,” said John Bartleman, President of TradeStation Group, Inc. “The relative security and stability of trading cryptocurrency derivatives on a registered commodity exchange should alleviate some of the concerns associated with trading Bitcoin outright. We believe that CME Group and Cboe Global Markets entering into the Bitcoin futures market would mark the beginning of a new era in cryptocurrency derivatives trading, one that should appeal to a much broader and growing cross-section of active traders and speculators.”
The ability to offer Bitcoin futures contract trading would be the latest addition to TradeStation’s enhanced futures offering. TradeStation recently introduced simplified low-cost futures pricing of $1.50 per contract, per side, with no monthly software fees and free premium analysis tools and real-time market data. TradeStation also recently added more flexible overnight margin requirements and a new futures interest-sharing program that generates interest on account holders’ average daily cash balance at a rate nearly 25 times higher than that of other brokers.
To speak with an account executive to learn more about TradeStation or to open an account, call 1-800-808-9336, or visit TradeStation.com.
About TradeStation Group, Inc.
TradeStation Group, Inc., through its principal operating subsidiary, TradeStation Securities, Inc., offers the TradeStation analysis and trading platform to the active trader and certain institutional trader markets. The TradeStation platform offers electronic order execution and enables clients to design, test, optimize, monitor and automate their own custom equities, options and futures trading strategies. TradeStation Group is a wholly owned subsidiary of Monex Group, Inc., one of the largest online financial services providers in Japan.
TradeStation Securities, Inc. (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC & CME) is a licensed securities broker-dealer and a registered futures commission merchant (FCM), and a member of major stock, options and futures exchanges in the United States. The company’s technology subsidiary, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services, and hosts the TradingApp® Store.