They were triggered in the initial hours of their trading as the January contract rose as much as 26 percent.
Cryptocurrency heavyweight Bitcoin (BTC) pushed forward in overnight trade, aided by a strong performance in the futures market. Interactive Brokers Group Inc., which has said it handled 53 per cent of the first day's trading in Cboe's bitcoin futures, will require a margin of 50 per cent for long investments, and about 240 per cent for short selling, based on current rates, according to Interactive Brokers spokeswoman Kalen Holliday. On its debut on Dec 10, the Cboe traded almost 4,000 contracts during the full session.
The CME and Cboe bitcoin futures have some distinct features.
Large exchanges such as these have volatility protection in place, which means they will suspend trading if the contracts rise or fall 7% or 13%, and prices won't be allowed to move more than 20%. JB Mackenzie, . the managing director of futures trading at TD Ameritrade said: "We look at the volume, the open interest and the spreads, and we want to make sure that all those conditions are maturing properly".
The launch of bitcoin futures is viewed as a major step in the digital currency's path toward legitimacy, which should encourage the entry of big institutional investors.
Disclosure:CME Group is an investor in Digital Currency Group, CoinDesk's parent company.
"The launch should increase buy side pressure and potentially be the catalyst that pushes bitcoin above $20,000", said Shane Chanel, a fund manager at ASR Wealth Advisers in Melbourne.
Some investors believe the CME bitcoin futures could attract more institutional demand because the final settlement price is culled from multiple exchanges. So in notional terms, 5125 Bitcoins traded at the CME today, compared to 3751 at the CBOE. The margin for an S&P 500 futures contract, by contrast, is just 5 per cent, analysts said. Instead, we will closely watch the Bitcoin Futures market as it develops and continue to evaluate the offering for our clients.
The margin requirement at CME is 35 per cent, while at Cboe, it is 40 per cent, reflecting bitcoin's volatility.
Samsung has also included fast charging support via USB Type-C port and IP68 water and dust resistance just like the Galaxy S8. The phones also take the Infinity Display design from the S8 and Note 8 devices, meaning you get more screen and less bezel.
Zinedine Zidane oversaw training on Thursday as Real continue in their quest to win successive FIFA Club World Cup crowns. Gremio fans hope Luan and his companion Lucas Barrios will break Real Madrid's defense.
In Spain , there are no strikes planned for pilots but ground staff unions have not ruled out action on 30 December. Other sources suggested pressure from shareholders resulted in the dramatic decision to agree to union recognition.
Detroit is outplaying Chicago on offense, defense and special teams, and the Lions have taken a 13-3 lead into halftime. Trubisky found Benny Cunningham in the flat and the running back made a tackler miss to get into the end zone.
The Mountain West champion Broncos (10-3) are 23rd in the FBS in total defense (336.7 ypg) and 35th in scoring defense (22.5 ppg). That's right: The same play that won the Broncos the 2007 Fiesta Bowl just gave OR its first points of the day.
He said the militants were targeting the training center from the building, using light weapons and rocket-propelled grenades. Insider and imposter attacks are a near mainstay for Afghan and US troops in the fight against the Taliban and ISIS.
Kim Jong-Hyun 's tragic suicide note has allegedly been released, citing the high pressure of being a celebrity in Korea. His death is a blow to the massive worldwide fan base that Korea's "K-pop" music has attracted in recent years.
Richardson is a former wide receiver at Wofford and with the Baltimore Colts who made his money mostly in the restaurant business. Richardson has worked primarily behind the scenes during his tenure with the Panthers and rarely does interviews.
During the holiday season, we all need to be cautious with decorations, electric lights, candles, space heaters and other items. Friends and neighbors say the family was known to light menorah candles in celebration of Hanukkah .
She brought the incident to the attention of CNBC executives after being subject to Matthew's "jokes" in the presence of a group. NBC News confirmed Sunday that Matthews was issued a reprimand in 1999 after the woman complained to CNBC executives.
He doubled down on that sentiment moments later when he was asked his thoughts on an appearance in professional wrestling. Pressed about what he meant by a "true fight", McGregor confirmed he was indeed referring to MMA .
Lewis wants to leave Bengals after contract expires
Sources close to Lewis told the Enquirer he remains interested in coaching in 2018 and does not plan to retire. The 59-year-old Lewis, with 15 years in Cincinnati, is the longest tenured head coach in Bengals history.
Kevin Gorman's Take 5: Patriots steal one from Steelers
All this modern era of Pittsburgh Steelers football knows is heartbreak and misery at the hands of the New England Patriots . It was a costly loss, one that saw the top seed and home-field advantage in the AFC playoffs stolen in the final seconds.