ICE Futures U.S.

Bakkt™ Bitcoin (USD) Daily Future

Bakkt™ Bitcoin (USD) Daily Future69281872

Description

ICE Futures U.S. offers physically delivered daily futures contracts on Bitcoin traded in BTC/USD (subject to regulatory approval). These contracts will be traded on ICE’s electronic trading platform, which offers industry-leading speed and reliability, regulated by the CFTC. All trades are cleared and guaranteed by ICE Clearing US, the central counterparty for all ICE cleared forex futures trades. Trades will result in physically delivered Bitcoin in ICE’s regulated Digital Asset Warehouse. Market participants are eligible to transact with any other market participants. ICE physically delivered bitcoin futures offer trading and hedging opportunities.

Market Specifications

Trading Screen Product Name
Bakkt BTC (USD) Daily Future
Trading Screen Hub Name
ICUS
Contract Series
Daily Futures
Commodity Code
BTC
Contract Size
1 Bitcoin
Price Quotation
U.S. dollars per Bitcoin to 2 decimal places
Minimum Price Fluctuation
$2.50 per bitcoin ($2.50 per contract).
Block Trades may be executed at $0.01 per bitcoin ($0.01 per contract)
Daily Price Limit
None
Eligible Contract Dates
Every Exchange Business Day
Listing Cycle
One Contract Date will be listed each Business Day
Settlement
Physical Delivery
Last Trading Day
6:00 p.m. Eastern Prevailing Time (EPT) on the Business Day of the Daily Contract Date
Last Delivery Day
Equal to the Daily Contract Date
Trading Hours
8:00 pm to 6:00 pm, preopen at 7:55 pm, all times EPT
Exchange Fees
$1.00 combined Exchange and Clearing fee per side
Off Exchange Trade Types
Block Trades permitted
Block Trade Minimum
10 lots
NCR, RL and IPL Levels
NCR - 50.00;
RL: - 150.00;
IPL- 300.00,
5 second recalculation and hold periods.
Daily Settlement
4:58 to 5:00 pm EPT
Position Limit
100,000 lots in any Contract Date
MIC Code
IFUS
Clearing Venues
ICUS

Trading Hours

CityTradingPre-Open
New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:55 PM
19:55
London1:00 AM - 11:00 PM*
01:00 - 23:00
12:55 AM
00:55
Singapore8:00 AM - 6:00 AM*
08:00 - 06:00
7:55 AM
07:55

*Next Day

Codes

Clearing Admin Name
Bakkt BTC Daily
Physical
BTC
Logical
BTC
GMI(FC)
R&N A.C.N.