CME Group Launches Orientation Course and Ethereum Index

CME Group Launches Orientation Course and Ethereum Index

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The CME Group Derivative Exchange has launched the Ethereum Orientation Course and the real-time aether-dollar index, with the support of the British digital assets trading company Crypto Facilities, CoinDesk reports.

According to the operator this Monday, he will provide a “daily reference price expressed in US dollars” every 24 hours, as well as a real-time price “on the basis of transactions and activity in the order books” of the Kraken and Bitstamp crypto exchanges, the press says. release. Courses are already displayed on the sites of CME Group and Crypto Facilities and will be provided by CME Group’s market data platform from June 4.

Tim McCourt, Managing Director and Head of Equity Products and Alternative Investments, CME Group, said:

“The benchmark course and real-time airspace index are designed to meet the growing needs of this market. Providing transparency of prices and a reliable source of reference price is a key event for Ethereum users.”

CEO of Crypto Facilities Timo Schlaefer added:

“Ethereum, the second largest cryptocurrency, experienced widespread growth in 2017, becoming the leading blockchain for smart contracts. We are happy to contribute to a strong community, formed on the basis of Ethereum network, providing a reliable orientation course and a real-time ether-dollar rate.”

The new indexes will be managed by the Bitcoin Oversight Committee, which was formed by the CME Group, Crypto Facilities and other industry representatives.

“The oversight committee will regularly review methodology, applications and standards in order to protect the integrity of the orientation course,” the press release said.

At the end of last week, Crypto Facilities launched its own futures for Ethereum. In addition, the British company provides the CME Group with an orientation course for calculations on bitcoin futures.

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