As of 16th March 2018, we are making several changes to our Futures maturity schedule and contract specifications to improve the trading experience and pool liquidity.
In summary:
- Going forward, a weekly, monthly and quarterly Futures contract is listed at any time and for all currency pairs
- Last Trading days are Fridays for weekly contracts and the last Friday of the month/quarter for monthly/quarterly contracts
- XBT:USD Turbos are phased out in order to pool liquidity with XBT:USD Futures
- Leverage changes from 6x to 50x for XBT:USD Futures and from 6x to 20x for XRP:USD and XRP:XBT Futures
- Newly listed Futures settle on the following indices (90 seconds after Last Trading):
- XBT:USD Futures: the CME CF Bitcoin Reference Rate (BRR)
- XRP:USD Futures: the (RRR)
- XRP:XBT Futures: the (RRR_XBT)
- Real-time margining is based on the corresponding real-time indices (BRTI), (RRTI) and (RRTI_XBT) which tick every second
We have made these changes to improve the trading experience in several ways:
- Last Trading times and settlement prices are aligned with important markets such as CME Group
- At any time, a weekly, monthly and quarterly Futures contract will be available to trade and roll into
- XBT:USD maturities are reduced from 6 to 3 to pool liquidity
- The time period between Last Trading and settlement is reduced from 2 hours to 90 seconds
Therefore:
- No further XBT:USD Turbos are listed. Turbos are phased out after after Last Trading of the 23 March contract
- No 30 March and 14 September contracts are listed. Instead, 27 April contracts are listed (“monthly”)
Notes:
- Outstanding 15 June contracts will be classified as “quarterly”, and no additional 29 June contracts will be listed
- Ticker symbol syntax remains unchanged such that API interaction is unaffected
Read the new contract specifications here
Please reach out to [email protected] if you have any comments or questions.