CME Group to Launch Ether/Bitcoin Ratio Futures on July 31

June 29, 2023. CHICAGO, US.

The new contract will follow the same listing cycle as CME Group Bitcoin futures and Ether futures contracts.

CME Group, the world's leading derivatives marketplace, today announced plans to launch Ether/Bitcoin Ratio futures on July 31, pending regulatory review.

"Historically, ether and bitcoin have been highly correlated; however, as the two assets have grown over time, market dynamics may affect the performance of one more than the other, creating relative value trading opportunities," said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. "With the addition of Ether/Bitcoin Ratio futures, investors will be able to capture ether and bitcoin exposure in a single trade, without needing to take a directional view. This new contract will help create opportunities for a broad array of clients looking to hedge positions or execute other trading strategies, all in an efficient, cost-effective manner."

The Ether/Bitcoin Ratio futures will be cash-settled to the value of CME Group Ether futures final settlement price, divided by the corresponding CME Group Bitcoin futures final settlement price. The new contract will follow the same listing cycle as CME Group Bitcoin futures and Ether futures contracts.

"The launch of CME Group Ether/Bitcoin Ratio futures further expands the marketplace for institutions and sophisticated investors who want digital asset exposure in a regulated environment," said Jason Urban, Global Head of Trading at Galaxy. "We're excited to support this product, which will appeal to investors looking to take advantage of changes between the two biggest digital assets by market capitalization. We commend CME Group's ongoing commitment to developing innovative offerings essential to building an enduring ecosystem for this asset class."

"The launch of Ether/Bitcoin Ratio futures completes the currency triangle allowing market makers such as XBTO the ability to arbitrage synthetically, for the first time, all three futures legs: the BTC/USD and ETH/USD dollar legs, and the ETH/BTC cross," said Paul Eisma, Head of Options Trading at XBTO. "CME Group's innovative, regulated product will help increase volumes, reduce spreads, and give institutional crypto market participants a vehicle to express relative value between BTC and ETH."

"This new ETH/BTC cross-cryptocurrency contract from CME Group should allow investors more flexibility when hedging positions in non-dollar offshore markets," said Brooks Dudley of Marex Capital Markets, Inc. "This marks another important advancement for CFTC-regulated cryptocurrency derivatives."

For more information on cryptocurrency options, please visit: www.cmegroup.com/ebr

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.

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Source Link: https://www.cmegroup.com/media-room/press-releases/2023/6/29/cme_group_to_launchetherbitcoinratiofuturesonjuly31.html

BYMA Agreement with NYSE

Argentine Stock Exchange - BYMA will deliver New York Stock Exchange (NYSE) data in real time through upgraded proprietary platform: BYMADATA.

April 01, 2020. BUENO ARIES, Argentina.

BYMA –Bolsas y Mercados Argentinos has entered into an agreement with the New York Stock Exchange (NYSE), the largest equities exchange in the world, to deliver NYSE data via the NYSE Best Quotes and Trades data feed (NYSE BQT). NYSE BQT provides a unified view of quotes and trades from each of the NYSE markets (NYSE, NYSE American, NYSE Arca, NYSE National and NYSE Chicago). This unprecedented step in the region enables the Argentine Stock Exchange to start delivering NYSE data and market information in real time. Investors will have real-time international data feeds covering asset classes such as equities, ETFs and ADRs traded on the NYSE markets, as well as domestic market data feeds.

This information will be included in the new version of the proprietary platform BYMADATA, launching in the beginning of April. Its purpose is to serve fast-growing information needs while protecting data quality. This new development will gradually add more content and features, such as main commodities data, mutual fund analytic tools, a more sophisticated technical analysis tool and a new link to Excel in real time, among others.

Ernesto Allaria, BYMA Chairman, said: “We are really proud to take this big step forward by executing this Agreement with one of the main market players in the world. This new business relationship contributes to domestic market growth and lets us enable enhanced information for investors´ strategic decision-making processes. This upgrade turns BYMADATA into one of the best products in the market in cost/quality terms.”

“We are excited to work with BYMA to bring real-time U.S. equities data to Argentina, equipping investors with a comprehensive view of the market in one feed. We look forward to supporting BYMA as they grow the BYMADATA platform,” said Cameron McDonald, Head of NYSE Proprietary Data.

Source Link: https://www.byma.com.ar/en/news/byma-agreement-with-nyses-bqt/

KASE solemnly lays an alley to mark its 30th anniversary

May 4, 2023

Kazakhstan Stock Exchange is a multifunctional trading platform serving 4 exchange markets of the country: the stock, currency, money and derivatives markets

On May 4, 2023, Kazakhstan Stock Exchange JSC (hereinafter – KASE, the Exchange), in honor of its 30th anniversary, together with the Akimdik of the city of Astana and Earth Fund "Sustainable Development" held a solemn ceremony of laying the KASE alley in the Presidential Park of the capital of the Republic of Kazakhstan.

"This year, Kazakhstan Stock Exchange is celebrating its 30th anniversary. To mark our anniversary, and as part of our sustainable development policy and the promotion of environmentally friendly business standards, we would like to contribute to the development of our capital city Astana and plant 100 seedlings of Sakura, a beautiful long-lived and one of the oldest tree species. May the laying of the KASE alley become a symbol of well-being and prosperity of our capital, country and our national Stock Exchange," pointed out Alina Aldambergen, Chairperson of KASE's Management Board.

At the solemn ceremony of laying the KASE alley, the main speakers were also: Managing Director of KASE Yerkin Syzdykov, Head of the Investments and Entrepreneurship Department of the Akimdik of Astana Khalel Akimzhanov, Deputy Director of the Monetary Operations Department of the National Bank of the Republic of Kazakhstan Ivan Serdyuk, Chairperson of the Presidium of Earth Fund "Sustainable Development" Dinara Saduakassova.

Kazakhstan Stock Exchange is a multifunctional trading platform serving 4 exchange markets of the country: the stock, currency, money and derivatives markets.

The mission of the Exchange is to promote the growth of Kazakhstan's economy by creating a wide range of financial instruments to raise capital for domestic issuers, the effective operation of the platform for the redistribution of liquidity in the country's financial system and the provision of transparency and accessibility for local and foreign investors.

The Exchange adheres to high standards and corporate values, such as innovativeness, responsibility, openness and care about the future of our country.

Over the course of 30 years, from the day of the independence of the Republic of Kazakhstan, the country's exchange market has been continuously growing and developing. Successively, trading in government securities of the Ministry of Finance of the Republic of Kazakhstan, notes of the National Bank of the Republic of Kazakhstan, bonds of corporate issuers started, more than 10 IPOs were held.

Last year, the total volume of trading on KASE increased by 50 % having reached 261.6 trillion tenge. During the first 4 months of 2023, the total volume of trading on the Exchange showed an increase of 15% amounting to 98 trillion tenge.

For reference

Kazakhstan Stock Exchange (KASE) is a leading stock exchange in the Central Asian region. KASE occupies the second place among the CIS exchanges in terms of securities trading volume, and the fifth place in terms of the equity market capitalization among the FEAS exchanges.

It is a universal trading platform for corporate and government securities, bonds of international financial organizations, foreign currencies, transactions of the money market – repo and swap, as well as derivatives. KASE is a member of the World Federation of Exchanges (WFE), the Federation of Euro-Asian Stock Exchanges (FEAS) and other international and local professional associations, as well as a participant of the UN's "Sustainable Stock Exchanges" initiative.

Additional information: +7 (727) 237 53 42, pr@kase.kz.

Source Link: https://kase.kz/files/press/en/04_05_2023_KASE_%D0%97%D0%B0%D0%BA%D0%BB%D0%B0%D0%B4%D0%BA%D0%B0_%D0%B0%D0%BB%D0%BB%D0%B5%D0%B8_%D0%90%D1%81%D1%82%D0%B0%D0%BD%D0%B0_eng.pdf