- Trading Screen Product Name
- Bakkt BTC (USD) Cash Settled Monthly Futures
- Trading Screen Hub Name
- ICSG
- Contract Symbol
BMC
- Contract Size
1 Bitcoin
- Currency
USD
- Trading Price Quotation
USD per bitcoin, to two decimal places
- Minimum Price Fluctuation
USD 2.50 per bitcoin (USD 2.50 per contract)
Block Trades may be executed at USD 0.01 per bitcoin (USD 0.01 per
contract).
- Contract Series
Up to 12 consecutive contract months
- Last Trading Day
Trading ceases at 2:30 PM Eastern Prevailing Time (EPT) on the same
day on which the equivalent IFUS Bakkt® Bitcoin (USD) Monthly
Futures Contract expires. In all cases, such other dates as the
Exchange specifies on its website from time to time may apply
instead.
- Final Settlement
The final settlement price will be calculated by reference to the
equivalent ICE Futures U.S. (“IFUS”) Bakkt® Bitcoin
(USD) Monthly Futures Contract. ICE Clear Singapore
(“ICSG”) will record cash settlement as of the Business
Day (as defined in the ICSG rules) which is the day on which
trading has ceased in accordance with these specifications, with
such update being effected on the following Business Day, subject
in all cases to any relevant term in ICSG’s Finance
Procedures and its Rules which may affect the timing of such
payment.
- Off Exchange Trade Types
For information on Block Trades click
here.
For information on Exchange for Related Positions click
here.
- NCR, RL and IPL Levels
For most up-to-date No Cancellation Range and Reasonability Limits click
here.
For most up-to-date Interval Price Limits click
here.
- Daily Settlement Window
- Position Limit
- Trading Hours
- Disclaimer
In the event that IFUS takes or proposes to take any action in
connection with the matters described in IFUS Rule 24.3 (as
modified or supplemented from time to time), the Exchange or ICSG
may modify any Contract (as defined in either of the Exchange or
ICSG rules) in a manner, and to the extent which is, consistent
with such action by IFUS.
“Bitcoin”, “bitcoin” or “BTC”
includes assets supported by IFUS from time to time in connection
with IFUS Rule 24.3 (as modified or supplemented from time to
time).
For the avoidance of doubt, in the event of any inconsistency
between any Exchange or ICSG rules (including these
specifications), on one hand, and any terminology or documentation
which is used or made available by the Exchange or ICSG (such as
without limitation technical release notes and user guides) on the
other hand, the former will prevail. When used in these
specifications, “day” refers to a Singapore calendar
day, as the context admits.
To retail investors: Futures contracts based on bitcoin may pose
specific risks. Such risks may arise from greater volatility in
prices resulting from a range of factors. Those risks could in turn
affect financial outcomes associated with maintaining required
margins or any losses at final contract settlement.
- MIC Code
- IFSG
- Clearing Venues
- ICSG