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CME Group Launches Bitcoin Reference Rate & Real Time Index


CME Group (Chicago Mercantile Exchange & Chicago Board of Trade) has partnered with digital asset marketplace Crypto Facilities Ltd., to launch the CME CF Bitcoin Reference Rate (BRR), and the CME CF #Bitcoin Real Time Index (RTI).

According to today’s press release, the BRR will provide a daily settlement price of the digital currency in US dollars at the close of each #trading day (4pm London time), and the RTI will provide a reliable source of real-time bitcoin exchange rates.......

CME Group and Crypto Facilities

...... #CryptoFacilities chief operating officer Timo Schlaefer said the #benchmarks are designed to give investors a way to create derivatives with an "institutional level of quality".

Schlaefer said:

"I would think that anyone who might be interested in trading bitcoin derivatives, in particular if they offer their product in a regulated manner, should be interested in these benchmarks."

Full Article@themerkle>>

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