Sun, Sep 13, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Interactive Brokers Group reverses stance on bitcoin to offer futures trading on CME platform

Wednesday, December 13, 2017

Komfie Manalo, Opalesque Asia:

Fresh from a successful offering of bitcoin futures trade for the Cboe Futures Exchange (CFE) since Sunday night of December 10, global electronic brokerage firm Interactive Brokers Group, Inc., said it would also launch a bitcoin futures from the Chicago Mercantile Exchange (CME) at the scheduled start of trading December 18th using the symbol BRR. Interactive Brokers' bitcoin futures trade from the CFE is under the ticker symbol GXBT.

Interactive Brokers Founder, Chairman and CEO Thomas Peterffy, commented, "Interactive Brokers was on the buy side of the low print of 14,710. A Registered Investment Advisor on the Interactive Brokers platform purchased two March contracts in the first minute of trading."

The company said that at least 201 of its accounts had placed 1,240 trades in bitcoin futures totaling 1,429 contracts representing approximately 50% of exchange recorded volume on Monday. The recorded value of all futures trades at Cboe exceeds $50m.

Peterffy previously warned that bitcoin futures could impair 'real economy'

In an ironic twist, Peterffy previously ran a full page ad in The Wall Street Journal warning regulators about the possible dangers posed by bitcoin futures to the traditional capital market. Peterffy said in the open letter addressed to Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo,......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Nvidia extraordinary growth and the challenge of sustaining demanding valuations over time[more]

    Antonio Di Giacomo, Senior Market Analyst at XS.com, writes: Nvidia has established itself as one of the most extraordinary growth companies in the global technology sector. Over the past two fiscal years, its revenues have risen from levels close to $60 billion annually to well above $120 billi

  2. Opalesque Exclusive: Private Markets Evergreen Funds - An Insider's View[more]

    Matthias Knab, Opalesque for New Managers: Private Markets Evergreen Funds: What Investors Need to Know Before They Dive In The democratization of private markets is well underway. Structural barriers t

  3. KRX chief courts CalPERS for bigger bet on Korea[more]

    Korea Exchange Chairman and CEO Jeong Eun-bo held talks with California Public Employees' Retirement System, or CalPERS, to promote greater investment in South Korea's capital markets, the bourse operator announced Wednesday. Jeong met with CalPERS Chief Investment Officer Stephen Gilmore.

  4. 755 Unicorns, $8 Trillion: Fifth Era maps the autonomous digital economy[more]

    Matthias Knab, Opalesque for New Managers: Fifth Era Partners, a specialized asset manager focused on the convergence of Internet, AI/Agentic and Blockchain technologies, has released the findings of its 13th Bia

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m