Bitcoin: Birth of the World’s First “Teal” Equity?

Bitcoin: World’s First “Teal” Equity By Erik Norland, Senior Economist, CME Group Highlights Bitcoin characteristics resemble equities, currencies and commodities Any collapse in bitcoin currently poses no threat to global growth or stability Policy makers may issue their own cryptocurrencies using blockchain technology Bitcoin helping incentivize creation of a powerful new generation of computers Read Full … Read More

Credit Spread-Yield Curve Cycle: All Eyes on the Fed in 2018 & Beyond

Credit Spread-Yield Curve Cycle: All Eyes on the Fed in 2018 & Beyond By Erik Norland, Senior Economist, CME Group Highlights U.S. in the mid-to-late stage of expansion post Great Recession Fed ‘dot plot’ tightening pace could flatten yield curve, widen credit spreads Could lead U.S. economy into a recession around 2020 or 2021 Slower pace … Read More

Bitcoin: Will Stunning Rally Sustain or Sour in 2018?

Bitcoin: Will Stunning Rally Sustain or Sour in 2018? By Erik Norland, Senior Economist, CME Group Highlights Growth in bitcoin supply has slowed after first four years The computational difficulty in mining bitcoin rises with prices Transaction costs are rising, like before the 2010, 2013 price crash Is bitcoin market mature enough to weather the spike … Read More

CME Group to Launch Bitcoin Futures on December 18

CME Group will launch Bitcoin futures on Sunday, December 17, 2017, for first trade date December 18, to provide market participants with a new tool for managing bitcoin market risk and volatility. Based on the CME CF Bitcoin Reference Rate (BRR), Bitcoin futures mark a natural evolution of the BRR, which has provided market participants … Read More

Relationship-Based Trading in Agricultural Products

Effective January 8 pending regulatory approval, CME Group will expand relationship-based trading, in the form of block trades and certain types of crosses on Globex, to the full suite of CME and CBOT agricultural products. Relationship-based trading, encompasses communication between market participants for the purpose of discerning interest in and facilitation of executing a transaction. … Read More