ICE Futures U.S.

Bakkt ™ Bitcoin (USD) Monthly Futures

Bakkt ™ Bitcoin (USD) Monthly Futures72035464

Description

A physically settled monthly futures contract for bitcoin held in the Bakkt Warehouse

Market Specifications

Trading Screen Product Name
Bakkt BTC (USD) Monthly Future
Trading Screen Hub Name
ICUS
Commodity Code
BTM
Contract Size
1 Bitcoin
Price Quotation
US Dollars per bitcoin, to two 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
Listing Cycle
Up to 12 consecutive contract months
Final Settlement
Physical Delivery in the Bakkt Warehouse
Delivery Locations
Bakkt Warehouse
Last Trading Day
The second business day prior to the Delivery Day for the contract month
Last/Only Delivery Day
The third Friday of the contract month
Off Exchange Trade Types
EFRP and 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 Window
4:58 to 5:00 pm EPT
Position Limit
100,000 lots in any Contract Month and All Months combined.
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
Singapore9:00 AM - 7:00 AM*
09:00 - 07:00
8:55 AM
08:55

*Next Day

Codes

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