Chicago bitcoin futures contract longest

1.

On December 7, the price of bitcoin continued to soar on Wednesday, breaking through $14000 on an exchange at a shocking rate, less than 24 hours from breaking through $12000

As a matter of fact, the price of bitcoin has accelerated since it reached a record high on Tuesday night. According to instry data, today's market value of bitcoin is less than $230 billion. According to this data, the market value of bitcoin can be ranked among the top 20 companies in the standard & Poor's 500 index

last week, the price of bitcoin fell by about 20%, but on Tuesday, it rose to more than $12000. The latest record is less than 24 hours away from $12000

at the beginning of this year, the price of bitcoin was less than $1000, but as investors became more and more interested in the cryptocurrency, its price also soared. It is said that CBOE global market in Chicago plans to launch bitcoin futures on Sunday. Meanwhile, the Chicago Mercantile Exchange (CME), the world's largest futures exchange, will launch bitcoin related futures procts in the next few weeks. The increase of bitcoin futures trading in these two exchanges marks an important step on the road to legal assets for digital cryptocurrency

2.

The delivery date of CME bitcoin futures is the last Friday of the e month, 4:00 p.m. London time. In case of holidays, one day in advance

2. The delivery date of CBOE bitcoin futures is the first two trading days of the third Friday of the maturity month, 2:45 p.m. Chicago time

extended information:

bitcoin trading scam:

1. At the end of October 2013, Hong Kong GBL platform absconded with money, with more than 20 million yuan missing. The program of this trading website is very poor. It doesn't use SSL security protocol, and even the user name is stored in clear text. They don't have some basic programming knowledge. GBL relies on the broker to develop the new customer's "quasi MLM" mode

On October 22, 2013, looking at the market of bitcoin, Mr. Qiao, a citizen of Dongyang, searched GBL company, a bitcoin trading platform, on the Internet, and recharged 90000 yuan to buy and sell bitcoin through a third-party payment. On October 26, 2013, it was found that the staff of the online trading platform were not online, and some normal trading proceres could not be implemented. It was found that the registered address of the company was false after a check, and a total of 90000 yuan was cheated

3 and Western economists have a lot of worries about the current economic bubble phenomenon of bitcoin. Australian Economist John Quiggin called bitcoin "the purest example of the economic bubble." p>

3. If you buy a contract in June, it will be settled around December

4. Futures forward contracts can last up to one year
for different varieties, the farthest contracts are different because of different delivery months. There are monthly deliveries, such as chemical and metal ones, because they are not subject to seasonal restrictions; There are monthly deliveries, such as agricultural procts, because they are limited by the harvest season
the delivery month of the contract will be indicated on the futures trading varieties. For example, the sugar 1601 contract is the sugar contract delivered in January 2016.

5. The longest time of futures contract: generally close to one year

generally, the longest time of futures contract is indicated. For example, cu1202 means the copper futures contract e in February 2012

at present, the longest term of copper futures contract is 12 years in February. However, we usually do not operate forward contracts, but choose the contracts with the largest number of businesses and positions to trade, such as the current cu11041105

so it mainly depends on the popular operation varieties of trading, and rarely refers to the distance of time. Of course, if it is an enterprise or a trader specializing in arbitrage, it may involve this.

6. Generally, futures contracts can be held for up to one year. For example, 1709 contracts will be listed after the expiration of 1609. The longest holding time is up to one year. If it is not an institution, the holding time may be shorter.

7. The farthest forward contracts are often illiquid. It's not good.

8. The main contract is the one with the largest trading volume among several different contracts at the same time. For example, the trading volume of Tianjiao bar today is 895324, while that of ru1103 is 853708, This shows that the ru1103 contract is the main contract of Tianjiao ring this period, and with the change of time, the main contract also depends on the later month with the delivery month

I don't know if I have explained it clearly

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