Wintermute Asia Processes Its First Options Block Trade Through CME Group

CoinDesk
CoinDesk

21 Nov 2023 3:34 PM

The market maker partnered with CME Group to meet the growing institutional investors' interest in gaining exposure to digital assets....

  • Wintermute Asia, the derivatives trading arm of Wintermute Group, has executed its first options block trade through the Chicago Mercantile Exchange (CME).
  • The BTC/USD block trade was conducted between Wintermute Asia and TP ICAP and cleared by ABN AMRO Clearing Bank.
  • Wintermute Asia aims to meet the growing institutional demand for exposure to digital assets and currently offers options in BTC, ETH, and other altcoins.
  • CME has become the second-largest futures exchange, with crypto derivatives trading dominating the market.

The overall sentiment of the article is positive. Wintermute Asia's execution of its first options block trade through CME indicates the company's success in meeting institutional demand for exposure to digital assets. The growing presence of institutional leaders in the digital asset sector is seen as a positive trend for Wintermute, positioning the company to play an active role in facilitating trading activity.

Go to publisher site

You May Ask

Who executed the first options block trade through CME?Which clearing bank cleared the BTC/USD block trade?What types of options does Wintermute Asia currently offer?Which exchange has become the second-largest futures exchange?What is the market share of crypto derivatives trading versus spot trading as of September?

Suggested Reads