The clearing of the BTC/USD block trade, brokered between Wintermute Asia and TP ICAP, was carried out by ABN AMRO Clearing Bank N.V.
The firm offers vanilla options in BTC, ETH, and altcoins, which expire between 1 day and 6 months.
Wintermute
Asia Pte. Ltd, the digital asset derivatives trading arm of the Wintermute
Group, an algorithmic trading firm in the digital assets space, has executed
its first options block trade through CME Group. The BTC/USD block trade,
facilitated between Wintermute Asia and TP ICAP, was successfully cleared by
ABN AMRO Clearing Bank N.V.
Wintermute
Asia Expands Derivatives Offerings
As
institutional demand for secure and alternative methods to gain exposure to
digital assets continues to rise, Wintermute Asia has been enhancing its
derivatives product offerings. The integration with CME Group represents a step
in this direction. Currently, Wintermute Asia provides vanilla options in BTC,
ETH, and a range of altcoins, which expire between 1 day and 6
months. The platform also offers exotic options.
Evgeny
Gaevoy, the CEO of the Wintermute Group, commented: “Wintermute Asia is excited to
offer a range of OTC derivatives solutions to our counterparties that can
accommodate all of their trading needs. Our growing suite of derivative
instruments allows investors to easily hedge and manage risks, generate yield,
and gain synthetic exposure to the underlying digital assets.”
“An
increasing number of institutional leaders are actively broadening their
portfolios by extending their presence within the digital asset sector and
Wintermute is well positioned to play an active role in facilitating trading
activity. Our integration with CME reflects the growing importance of
established exchanges in digital markets, and we are excited to partner with
them.”
Giovanni
Vicioso, the Global Head of Cryptocurrency Products at CME Group, commented on the
partnership with Wintermute Asia: "We are pleased to provide
Wintermute and its counterparties with access to our highly liquid, regulated
suite of benchmark cryptocurrency futures and options on bitcoin and
ether."
Sam
Newman, the Digital Assets Head of Broking at TP ICAP, commented about
collaborating with Wintermute as another participant in block trading CME Group
cryptocurrency products. He conveyed that TP ICAP has been delivering digital
assets broking services since 2020, leading in price discovery and liquidity
through global coverage on regulated exchanges. Newman finds it fantastic to
witness crypto-native firms like Wintermute accessing traditional products and
services, solidifying the belief that the maturation of this market is gaining
momentum.
CME
Group's BrokerTec Stream Upgrade
Finance
Magnates reported earlier that CME Group had announced plans to upgrade its
BrokerTec Stream from version 1.5 to 2.0 on June 4, 2023, aiming to deliver better
performance and minimal latency for clients. The upgraded platform, which
offers a price streaming service for US Treasuries, will introduce features
such as sweepable matching and firm price improvements. This enhancement
follows the launch of a new trading platform by BrokerTec Americas LLC, a
registered broker-dealer, offering faster market data and improved processing
times.
The
CME Group's notice additionally outlines additional plans, including the integration of
CME STP to support BrokerTec Stream 2.0 and the launch of CME STP FIX, both
with enhancements for trade capture reports and party roles. These updates are
scheduled for the same day as the BrokerTec Stream 2.0 upgrade.
Wintermute
Asia Pte. Ltd, the digital asset derivatives trading arm of the Wintermute
Group, an algorithmic trading firm in the digital assets space, has executed
its first options block trade through CME Group. The BTC/USD block trade,
facilitated between Wintermute Asia and TP ICAP, was successfully cleared by
ABN AMRO Clearing Bank N.V.
Wintermute
Asia Expands Derivatives Offerings
As
institutional demand for secure and alternative methods to gain exposure to
digital assets continues to rise, Wintermute Asia has been enhancing its
derivatives product offerings. The integration with CME Group represents a step
in this direction. Currently, Wintermute Asia provides vanilla options in BTC,
ETH, and a range of altcoins, which expire between 1 day and 6
months. The platform also offers exotic options.
Evgeny
Gaevoy, the CEO of the Wintermute Group, commented: “Wintermute Asia is excited to
offer a range of OTC derivatives solutions to our counterparties that can
accommodate all of their trading needs. Our growing suite of derivative
instruments allows investors to easily hedge and manage risks, generate yield,
and gain synthetic exposure to the underlying digital assets.”
“An
increasing number of institutional leaders are actively broadening their
portfolios by extending their presence within the digital asset sector and
Wintermute is well positioned to play an active role in facilitating trading
activity. Our integration with CME reflects the growing importance of
established exchanges in digital markets, and we are excited to partner with
them.”
Giovanni
Vicioso, the Global Head of Cryptocurrency Products at CME Group, commented on the
partnership with Wintermute Asia: "We are pleased to provide
Wintermute and its counterparties with access to our highly liquid, regulated
suite of benchmark cryptocurrency futures and options on bitcoin and
ether."
Sam
Newman, the Digital Assets Head of Broking at TP ICAP, commented about
collaborating with Wintermute as another participant in block trading CME Group
cryptocurrency products. He conveyed that TP ICAP has been delivering digital
assets broking services since 2020, leading in price discovery and liquidity
through global coverage on regulated exchanges. Newman finds it fantastic to
witness crypto-native firms like Wintermute accessing traditional products and
services, solidifying the belief that the maturation of this market is gaining
momentum.
CME
Group's BrokerTec Stream Upgrade
Finance
Magnates reported earlier that CME Group had announced plans to upgrade its
BrokerTec Stream from version 1.5 to 2.0 on June 4, 2023, aiming to deliver better
performance and minimal latency for clients. The upgraded platform, which
offers a price streaming service for US Treasuries, will introduce features
such as sweepable matching and firm price improvements. This enhancement
follows the launch of a new trading platform by BrokerTec Americas LLC, a
registered broker-dealer, offering faster market data and improved processing
times.
The
CME Group's notice additionally outlines additional plans, including the integration of
CME STP to support BrokerTec Stream 2.0 and the launch of CME STP FIX, both
with enhancements for trade capture reports and party roles. These updates are
scheduled for the same day as the BrokerTec Stream 2.0 upgrade.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
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🔔 Subscribe to our YouTube channel for more!🔔
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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🔔 Subscribe to our YouTube channel for more!🔔
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
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