CME Group Collaborates With Crypto Facilities In New Product Launch

[kreslik.news]

Global Derivatives marketplace CME Group today announced that it will collaborate with digital assets trading platform, Crypto Facilities Ltd, to develop two new products which are being planned for a Q4 2016 launch. The news comes less than a week after the group reported record financial results for Q1 2016.

The products are CME CF Bitcoin Reference Rate (BRR), which will provide a final settlement price in U.S. dollars at 4 pm London time on each trading day, and CME CF Bitcoin Real Time Index (RTI), which will allow users real-time access to bitcoin prices.

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