ICE Futures U.S.

Bakkt ™ Bitcoin (USD) Daily Futures Contract

Bakkt ™ Bitcoin (USD) Daily Futures Contract72035483

Description

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

Market Specifications

Trading Screen Product Name
Bakkt BTC (USD) Daily Future
Trading Screen Hub Name
ICUS
Commodity Code
BTC
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
Eligible Contract Dates
Each Exchange Business Day on which commercial banks are generally open for business in New York
Listing Cycle
Up to 70 consecutive Eligible Contract Dates
Final Settlement
Physical Delivery in the Bakkt Warehouse
Delivery Locations
Bakkt Warehouse
Last Trading Day
6:00 pm Eastern Prevailing Time on the Contract Date
Last/Only Delivery Day
The second Exchange Business Day after the Contract Date
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.
Exchange and Clearing Fees
Screen Trades: $1.00 per side
Block, Crossing Order and EFRP Trades: $1.60 per side
Daily Settlement Window
4:58 to 5:00 pm EPT
Position Limit
100,000 lots in any Contract Month
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.