MarketFactory, the industry-leading foreign exchange technology platform, announced today that market participants using their ultra-low latency API for foreign exchange trading, Whisperer, can seamlessly trade Bitcoin futures on the Chicago Mercantile Exchange (CME) when they launch on December 18. Additionally, Whisperer provides access to Bitcoin market data.
“Our Whisperer API and connectivity solution simplifies and reduces our client's technical cost of entry to new currency markets, and with that in mind, we are pleased to announce that BTC futures are already available to trade via our CME integration,” said Matt Whitaker, director of product management, MarketFactory.
“Traditionally, futures contracts are seen as a means of damping down market volatility by bringing risk hedgers and speculators into an ordered market consensus. It remains to be seen how this can be the case with cryptocurrencies today, but should our clients wish to participate they have the certainty of Whisperer's ultra-low latency architecture and network connectivity to ensure the best advantage possible when trading in highly volatile markets,” said Matt Whitaker.
On December 1, the U.S. Commodity and Futures Trading Commission (CFTC) said they would allow the CME Group and the Chicago Board Options Exchange (CBOE) to list Bitcoin futures. They launched on the CBOE on December 10 and are expected to list on the CME beginning December 18. It is anticipated that Nasdaq will list Bitcoin futures sometime in 2018.
To speak to MarketFactory about using Whisperer to trade Bitcoin futures, please contact email@example.com.
MarketFactory is a financial technology company focused on providing software solutions to the foreign exchange industry. Our platform powers foreign exchange trading that seamlessly connects to 75+ foreign exchange markets, reduces latency and enables risk monitoring. Currently, MarketFactory partners with over 100 banks, funds, brokers and ECNs/exchanges. MarketFactory is backed by FirstMark Capital and private investors, and has offices in New York City and London. For more information, please visit www.marketfactory.com or follow us @MarketFactory.
Ashley Binford, +1-646-779-3701