Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

NYSE to establish trading platform for Bitcoin derivatives

NYSE. Flickr/Brian Glanz

The New York Times reports that Intercontinental Exchange (ICE), the parental company of the NYSE, is on the verge of evolving a trading platform cryptocurrency derivatives.

The exchange instituted in 2000 with the backing of several of the world’s biggest banks, ICE owns and operates 23 different regulated currency exchanges throughout North America and Europe. It purchased the NYSE in 2013 and is now worth $40 billion.

The media conversations emphasize setting up of the new business and the trades that would take the form of swaps. The new contracts would reportedly take the form of swaps and if so will be regulated by CFTC.

This is the latest instance of an American financial institution becoming interested in cryptocurrency. The two predominant futures exchanges of Chicago included Bitcoin to their menus last year (futures are transactions executed after a pre-arranged delay, sometimes of years), and in the recent past, the major investment bank Goldman Sachs proclaims that handling financial derivative products linked to Bitcoin, exclusively open for wealthy clients.

In addition, the dual biggest investment funds (Soros Fund Management and the Rockfeller foundation) have also taken an interest in the new asset.

Currency Strength Index: FxWirePro's hourly BTC spot index has shown -137 (which is bearish), while hourly USD spot index was at 70 (bullish) while articulating at 11:50 GMT. For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex.

FxWirePro launches Absolute Return Managed Program. For more details, visit: http://www.fxwirepro.com/invest

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

October 23 19:00 UTC Released

ARTrade Balance

Actual

314 %

Forecast

150 %

Previous

-1127 %

October 23 14:00 UTC Released

EZConsumer Confid. Flash

Actual

-2.7 %

Forecast

-3.2 %

Previous

-2.9 %

January 31 00:00 UTC 382849382849m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 382849382849m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 394669394669m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 382849382849m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 394669394669m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 382849382849m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 382849382849m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 382849382849m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.