- Trading Screen Product Name
- Bakkt BTC (USD) Cash Settled Monthly Futures
- Trading Screen Hub Name
- Commodity Code
- Contract Size
- 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
- Daily Price Limit
- Listing Cycle
Up to 12 consecutive contract months
- Final Settlement
The final settlement price will be calculated by reference to the
equivalent IFUS Bakkt™ Bitcoin (USD) Monthly Futures
Contract. ICSG will record cash settlement as of the Business Day
(as defined in the ICSG rules) which is the day on which trading
has ceased in accordance with these specifications, with such
update being effected on the following Business Day, subject in all
cases to any relevant term in ICSG’s Finance Procedures and
its Rules which may affect the timing of such payment.
- Last Trading Day
Trading ceases at 5:00 PM Eastern Prevailing Time (EPT) on the same
day on which the equivalent ICE Futures U.S. (“IFUS”)
Bakkt™ Bitcoin (USD) Monthly Futures Contract expires.
In all cases, such other dates as the Exchange specifies on its
website from time to time may apply.
- Off Exchange Trade Types
EFRP and Block Trades permitted
- Block Trade Minimum
- 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 SGT
- Position Limit
100,000 lots in any Contract Month and All Months combined.
In the event that IFUS takes or proposes to take any action in
connection with the matters described in IFUS Rule 24.3 (as
modified or supplemented from time to time), the Exchange or ICSG
may modify any Contract (as defined in either of the Exchange or
ICSG rules) in a manner, and to the extent which is, consistent
with such action by IFUS.
“Bitcoin”, “bitcoin” or “BTC”
includes assets supported by IFUS from time to time in connection
with IFUS Rule 24.3 (as modified or supplemented from time to
For the avoidance of doubt, in the event of any inconsistency
between any Exchange or ICSG rules (including these
specifications), on one hand, and any terminology or documentation
which is used or made available by the Exchange or ICSG (such as
without limitation technical release notes and user guides) on the
other hand, the former will prevail. When used in these
specifications, “day” refers to a Singapore calendar
day, as the context admits.
To retail investors: Futures contracts based on bitcoin may pose
specific risks. Such risks may arise from greater volatility in
prices resulting from a range of factors. Those risks could in turn
affect financial outcomes associated with maintaining required
margins or any losses at final contract settlement.
- MIC Code
- Clearing Venues