MarketFactory has announced today that FX market participants will be able to use its API, Whisperer, to trade bitcoin futures on the CME when they launch on December 18.
Additionally, Whisperer provides access to Bitcoin market data.
“Our Whisperer API and connectivity solution simplifies and reduces our clients’ technical cost of entry to new currency markets, and with that in mind, we are pleased to announce that BTC futures are already available to trade via our CME integration,” says Matt Whitaker, director of product management at MarketFactory.
“Traditionally, futures contracts are seen as a means of damping down market volatility by bringing risk hedgers and speculators into an ordered market consensus. It remains to be seen how this can be the case with cryptocurrencies today, but should our clients wish to participate, they have the certainty of Whisperer’s ultra-low latency architecture and network connectivity to ensure the best advantage possible when trading in highly volatile markets,” adds. Whitaker.
On December 1, the US Commodity Futures Trading Commission (CFTC) said it would allow the CME Group and the Chicago Board Options Exchange (CBOE) to list Bitcoin futures.
They launched on the CBOE on December 10 and are expected to list on the CME beginning December 18. It is anticipated that Nasdaq will list Bitcoin futures sometime in 2018.