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