ICE Releases Initial Margin Limits for Bakkt’s Coming Futures Trading
Adrian Zmudzinski's original article for cointelegraph.com reduced by 50%
The Intercontinental Exchange has announced tentative margin requirements for Bakkt Bitcoin futures trading contracts. The announcement appeared on ICE's official website on Sept. 9.Bakkt futures margin requirements.
Per the notice, the initial hedge requirement for both the daily and monthly futures contracts is $3,900. The speculative initial requirement for both the contracts, on the other hand, is $4,290. The inter-month addons for the monthly and daily futures contracts are between $400 and $1,000 for the hedge rate and between $440 and $1,100 for the speculative rate.
These margin requirements are just the latest in a series of news about the long-awaited Bakkt futures contracts. "ICE Futures U.S. will begin to trade and ICE Clear US will begin to clear the BakktTM Bitcoin Monthly and Daily Futures contracts on Monday, September 23, 2019.
As such, the following tentative margin requirements will be effective with the opening of business on September 23, 2019 and thereafter..
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