[2016-10-27] Derivatives Giant CME Sets Launch Date for Bitcoin Indexes

[Karartma1]

The CME Group is launching two previously announced bitcoin price indexes next month.

The exchange services operator said in a notice this week that its CME CF Bitcoin Reference Rate and CME CF Bitcoin Real Time Index will launch on 13th November. The CME CF Bitcoin Reference Rate, according to the firm, will provide price settlement updates after 15:00 UTC each day.

read more

http://www.coindesk.com/cme-launch-date-bitcoin-indexes/

[TraderTimm]

From the actual exchange -- http://www.cmegroup.com/trading/cf-bitcoin-reference-rate.html

This is a big deal.

Its a hop and a skip away from listing contracts on the worlds largest futures exchange. What the participating exchanges don't know -- or probably aren't aware of -- is that when CME's volume eclipses their miniscule daily average, then the CME becomes the index. Just like how the Dow has components added and removed, this will kick-start the CME becoming a market maker, and institutional hedging and trading isn't far away....

Watch your back, Bitfinex.. (and others)

The big boys just decided to eat your lunch for you.

[Karartma1]

Yes this is a very big deal. Once this got established and when the famous BTC ETF will finally take off, well, Bitcoin will launch into the hyperspace for good.
This is a bit history in the making: Bitcoin once known as nerd money, could be eventually recognized for its real potential.