Saturday , October 1 2022

Nasdaq will launch futures contracts in the first quarter of 2019 | CriptoNoticias


The Nasdaq technology index will prepare for its forthcoming contracts for the first quarter of 2019. The New York Stock Exchange keeps its plans despite the cryptographic market crash, according to a report released on Tuesday, November 27, by Bloomberg.

The information suggests Nasdaq is working to minimize the doubts or concerns that would arise United States Futures Trading Commission (CFTC), an independent government agency whose job is to regulate futures and options markets.

Two people who are familiar with stock market plans have said there is still interest in opening this market for next year. The collapse of cryptoactive prices would not affect the creation of the market somewhere between January and March 2019.

At this point, it is important to note that exactly a year ago, the press reports showed that both NASDAQ and Cantor Fitzgerald will launch futures in 2018. Last November, the market was opened at middle of this year. However, nothing happened.

Two months later, in January 2018, Nasdaq CEO Adena Friedman said she reconsidered her plans for futures contracts. At that time, the executive indicated that they continued "to investigate the idea of ​​futures with a partner, and we will continue analyzing risk management in this regard, ensuring that we implement the right protocols, that there is adequate demand and that the contract is different from the one that already exists ".

Bitcoin futures trading

Although Nasdaq's interest in bitcoin futures seems to be not the only one that has an eye on them. In fact, CME Group and Cboe Global Markets have already sold them to investors since December last year. After both firms listed their futures contracts, the CFTC announced an improved review process for exchanges that would attempt to list derivatives of cryptocross.

Until January 2019, Bakkt, an alliance between Microsoft, Starbucks and the New York Stock Exchange (NYSE), will be listed, which means the world's largest stock market will also have a closer relationship with bitcoin futures. This approach to Nasdaq and NYSE, with bitcoins based futures, is present despite the fact that both have kept their distance in terms of cryptocracy in the past.

In "CriptoNoticias" we have defined the future bitcoin contracts as follows: "These are contracts between two parties that agree to exchange an asset, in this case bitcoin (underlying asset), setting its price at the time of the contract. this will be done at a future date previously determined. In this type of contract, two positions are played: a long position and a short position. "

At the time of writing this article, the bit rate is $ 3,712, according to the CoinMarketCap portal.

Recommended image of bfishadow / Creative Commons 2.0

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