- Trading Screen Product Name
- CoinDesk Bitcoin Futures
- Trading Screen Hub Name
- ICSG
- Contract Symbol
BMC
- Contract Size
1 bitcoin
- Currency
USD
- Trading Price Quotation
USD per bitcoin, to two decimal places
- Minimum Price Fluctuation
USD 2.50 per bitcoin (USD 2.50 per contract)
Block Trades may be executed at USD 0.01 per bitcoin (USD 0.01 per
contract).
- Contract Series
Up to 12 consecutive contract months
- Last Trading Day
Trading ceases at 4:00 PM London time on the last Friday of the
contract month. In all cases, such other dates as the Exchange
specifies on its website from time to time may apply instead.
- Final Settlement
Cash settlement on the basis of the value of the CoinDesk Bitcoin
Price Index (XBX) (the “Index”) in respect of 4:00 PM
London time (as calculated by the Index provider at approximately
3:59:59 PM London time) on the Last Trading Day.
ICE Clear Singapore (“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.
- Off Exchange Trade Types
For information on Block Trades click
here.
For information on Exchange for Related Positions click
here.
- NCR, RL and IPL Levels
For most up-to-date No Cancellation Range and Reasonability Limits click
here.
For most up-to-date Interval Price Limits click
here.
- Daily Settlement Window
- Position Limit
- Trading Hours
- Disclaimer
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.
CoinDesk® and CoinDesk Bitcoin Price Index (XBX) (the
“Index”) are trade or service marks of CoinDesk
Indices, Inc. (“CDI”), the administrator of the Index,
and/or its licensors. CDI or CDI's licensors own all proprietary
rights in the Index.
CDI is not the issuer or producer of CoinDesk Bitcoin Futures (the
“Contract”) and has no responsibilities, obligations,
or duties to investors in or holders of the Contract. The Index is
licensed for use by ICE Futures Singapore as the issuer of the
Contract. The only relationship that CDI has with ICE Futures
Singapore in respect of the Contract is the licensing of the Index,
which is administered and published by CDI, or any successor
thereto, without regard to the issuer of the Contract or the owners
or holders of the Contract.
Investors or holders acquire the Contract from ICE Futures
Singapore and investors and holders neither acquire any interest in
the Index nor enter into any relationship of any kind whatsoever
with CDI upon making an investment in or acquisition of the
Contract. The Contract is not sponsored, endorsed, sold, or
promoted by CDI. CDI makes no representation or warranty, express
or implied, regarding the advisability of investing in or otherwise
acquiring the Contract or the advisability of investing in
securities, derivatives (including futures and options) or digital
assets generally or the ability of the Index to track corresponding
or relative market performance. CDI has not passed on the legality
or suitability of the Contract with respect to any person or
entity. CDI is not responsible for, nor has participated in, the
determination of the timing of, prices at, or quantities of the
Contract to be issued. CDI has no obligation to take the needs of
the issuer or the owners or holders of the Contract or any other
third party into consideration in administering, composing,
calculating, or publishing the Index. CDI has no obligation or
liability in connection with administration, marketing, or trading
of the Contract.
The licensing agreement between ICE Futures Singapore and CDI is
solely for the benefit of ICE Futures Singapore and CDI and not for
the benefit of the owners or holders of the Contract or any other
third parties.
- Disclaimer Cont.
CDI SHALL HAVE NO LIABILITY TO THE ISSUER, INVESTORS, HOLDERS OR
OTHER THIRD PARTIES FOR THE QUALITY, ACCURACY AND/OR COMPLETENESS
OF THE INDEX OR ANY DATA INCLUDED THEREIN OR FOR INTERRUPTIONS IN
THE DELIVERY OF THE INDEX. CDI HEREBY EXPRESSLY DISCLAIMS ALL
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE
OR USE WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. CDI
RESERVES THE RIGHT TO CHANGE THE METHODS OF CALCULATION OR
PUBLICATION, OR TO CEASE THE CALCULATION OR PUBLICATION OF THE
INDEX AND SHALL NOT BE LIABLE FOR ANY MISCALCULATION OF OR ANY
INCORRECT, DELAYED OR INTERRUPTED PUBLICATION WITH RESPECT TO THE
INDEX. CDI SHALL NOT BE LIABLE FOR ANY DAMAGES, INCLUDING, WITHOUT
LIMITATION, ANY SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES, OR ANY
LOST PROFITS, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH, RESULTING
FROM THE USE OF THE INDEX OR ANY DATA INCLUDED THEREIN OR WITH
RESPECT TO THE CONTRACT.
- MIC Code
- IFSG
- Clearing Venues
- ICSG