CME Group to launch crypto and index Spot Futures targeting retail traders
Chicago based derivatives marketplace operator CME Group has announced plans to launch Spot-Quoted futures on June 30, pending regulatory review.
Spot-Quoted futures will allow investors to trade futures positions in spot-market terms – i.e., the price quoted on screen on financial media and investment sites. Contracts will be available for the two leading cryptocurrencies, bitcoin and ether, as well as across the four major U.S. equity indices, including the S&P 500, Nasdaq-100, Russell 2000 and Dow Jones Industrial Average. In addition, investors will be able to hold these contracts for up to five years – without needing to roll – making a long-term position easier to hold than ever.
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