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CME Group Introduces Derivatives Trading

The global markets company Chicago Mercantile Exchange, better known as CME Group, will offer derivatives trading directly to consumers.

By the way, CME is a designated contracts market (DCM) and derivatives clearing organization (DCO) registered in the United States. Also, regulated by the Commodity Futures Trading Commission (CFTC).

For his part, Tim McCourt, Senior Managing Director of CME Group, explained that CME has seen tremendous growth since the launch of BTC futures in 2017.Since the launch of our Bitcoin futures contract in 2017, we have seen steady and continuous growth in liquidity».

«Likewise, the market share of our crypto derivatives, especially among institutional operators».

CME Group proposes derivatives trading

The Wall Street Journal (WSJ) announced that after Sam Bankman-Fried’s FTX, CME Group also reported a plan to offer derivatives trading services directly to consumers.

To recall, in May, CME Group executives criticized FTX for attempting to allow futures trading on its platform. Now, CME Group has made a similar offer.

In particular, in a congressional hearing, Terence Duffy, CEO of CME Group, stated that: «FTX.US claims bogus innovations that are little more than cost cutting schemes».

Now, if this request is approved, traders will be able to trade directly through the CME instead of through brokers.

What’s the plan?

Specifically, CME Group’s plan is similar to the FTX.US proposal. Allow investors to send margin and trade crypto derivatives directly on their platform.

In this regard, the president of CoinFund, Christopher Perkins, stated that this step is not a surprise or a development that should be taken seriously.

«This is remarkable and not surprising, CME Group has wanted direct customer relationships for as long as I can remember.».

Likewise, Joseph Guinan, CEO of FCM Advantage Futures, said that: «If CME’s application is approved, it will be a game changer. And a dramatic concern for every FCM».

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