violetninja on Nostr: “London Stock Exchange Group to launch a service enabling institutional clients to ...
“London Stock Exchange Group to launch a service enabling institutional clients to take leveraged bets on bitcoin.
The bitcoin-denominated futures and options would be bought and sold by investment banks, hedge fund managers and asset managers.
By using a clearing house like LCH, the risk that counterparties to a trade could go bust and renege is largely eliminated.
The LSEG/GFO-X move follows a scramble to offer bitcoin trading to wholesale investors, with US rival CME Group already offering bitcoin futures and options, while another US exchanges group CBOE has acquired a digital asset exchange, ErisX. Deutsche Boerse’s Eurex platform is also due to launch bitcoin related derivatives trading shortly.”
https://www.thetimes.co.uk/article/d1efc2c4-da24-11ed-89ad-19e3cfc05db4
The bitcoin-denominated futures and options would be bought and sold by investment banks, hedge fund managers and asset managers.
By using a clearing house like LCH, the risk that counterparties to a trade could go bust and renege is largely eliminated.
The LSEG/GFO-X move follows a scramble to offer bitcoin trading to wholesale investors, with US rival CME Group already offering bitcoin futures and options, while another US exchanges group CBOE has acquired a digital asset exchange, ErisX. Deutsche Boerse’s Eurex platform is also due to launch bitcoin related derivatives trading shortly.”
https://www.thetimes.co.uk/article/d1efc2c4-da24-11ed-89ad-19e3cfc05db4