CoinDesk Bitcoin Futures

ICE Futures U.S.

CoinDesk Bitcoin Futures
The CDB contract may be traded in 1 lot (referred to as “Regular”) and 5 lot (referred to as Jumbo) trading units.

Trading Screen Product Name: CoinDesk Bitcoin Index Futures
Trading Screen Hub Name: ICUS
Contract Size: 1 times the CoinDesk Bitcoin Benchmark Reference Rate
Contract Series: Monthly contracts listed for 6 consecutive months.
Price Quotation: US Dollar and cents
Tick Size: 5.00 per Bitcoin, equal to $5:00 per contract

Block and EFRP trades can be done at 0.01 per Bitcoin
Trading Hours: 8:00 pm to 6:00 pm (6:00 pm open on Sunday evening)

Preopen starts 30 minutes prior to the start of trading.
Last Trading Day: Last Friday of the expiration month.

Trading in the expiring contract ceases at 4:00 pm London time on Last Trading Day.
Contract Symbol: CDB
Daily Settlement Window: 15:59 to 16:00 NY time
Final Settlement: Cash settlement to the end of day closing value of the CoinDesk Bitcoin Index on the Last Trading Day for the contract.
Position Accountability and Limit Levels: Spot Month Position Limit = 75,000 Contracts

All-Month Position Accountability Level = 75,000 Contracts
Daily Price Limit: None
Block Trade Minimum: Block Enabled, 5 lot Block Minimum Quantity
IPL Levels: IPL Amount: 3000
Recalc Time: 3 Seconds;
Hold time: 5 seconds
NCR and RL: No Cancellation Range: 2000:00
Reasonability Level: 2000:00
CSLOR: 350.00
Fees: Screen, Block and EFRP Trades: $0.80 per side
MIC Code: IFUS
Clearing Venues: ICUS

*Next Day

8:00 pm to 6:00 pm (6:00 pm open on Sunday evening) Preopen starts 30 minutes prior to the start of trading.

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