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Cboe Is Now Offering Low-Cost Market Data Feed to Retail Brokers

Cboe Global Markets is offering a new real-time data feed for stock quotes and trade information to smaller retail brokers. The new low-cost service will be useful for brokers who serve non-professional users. Expanding its user base Cboe is planning to expand its “Data Recipients” user base by appealing to smaller brokers serving retail clients. According to the firm, the new program is designed to help small brokers and all individual investors that are signed up to their platforms. They suggest that the product is a result of the high demand they received from smaller market recipients who wanted to consume comprehensive market data on a single platform. To qualify for the program, a broker-dealer must have at least 50% non-professional traders as subscribers. However, the total number of such users shouldn’t exceed 5,000. With this new offering, qualified broker-dealers will get access to the Cboe One Summary Feed which delivers a more holistic view of aggregated stock quotes as well as trade information on the US equities exchanges run by the company. Brokers can make use of this full package at $3,500 per month and provide more accurate data about the markets to their users. What should brokers expect? The market data product by Cboe covers all four venues offered by the company- EDGA Exchange, BYX Exchange, EDGX Exchange, and BZX Exchange. It provides real-time data for all these venues without needing multiple products and licenses. The unified view can provide a more comprehensive view of the whole. With one of the largest stock exchange operators sharing their data, brokers should expect better quality and enhanced trading experience for their clients. The One Feed will be offered in two versions- Cboe One Summary Feed and Cboe One Premium Feed. Both the options will include aggregated quotes for Best Bid and Offer and well as trade data (like the Last Sale). The Premium feed will include more in-depth information (up to 5 levels) that will include the size of trades on all its four exchanges. Kevin Carrai, VP and global head of Market Data at the company, commented on the offering and said, “Our new Small Retail Broker Distribution Program is designed with this mission in mind.” He said that the new offering would help in democratizing access to US equities data available in real-time and provide trade information to all traders with lower costs and wider distribution. The post Cboe Is Now Offering Low-Cost Market Data Feed to Retail Brokers appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
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After CBOE Delisted BTC Futures, CME’s Bitcoin Futures Hit Rrecord

Coinspeaker After CBOE Delisted BTC Futures, CME’s Bitcoin Futures Hit RrecordSince in March the Chicago Board Options Exchange (CBOE) announced they were ending its Bitcoin futures products, the Chicago Mercantile Exchange (CME Group) has seen a huge flood of bitcoin derivatives volumes.In May, CME’s bitcoin futures surpassed 33,000 contracts ($1.3 billion notional value) in one day. Also, CME’s open interest for its bitcoin derivatives positions smashed an all-time record high of 5,190 contracts. Bare in mind that June volumes are just starting to pick up and so are contracts in July.CME Bitcoin futures (BTC) shows growing signs of institutional interest. BTC open interest rose by a record 643 contracts in a single day, establishing a new all-time high of 5,311 contracts on June 17 (26,555 equivalent bitcoin; ~$250M notional). https://t.co/I6A3jD6Iq3 pic.twitter.com/ljz6EbvK79— CMEGroup (@CMEGroup) June 18, 2019This huge rise came probably as a result of increased institutional investment coming into the market in the last quarter. The truth is there happened huge developments in the crypto space over the last few months: Bitcoin climbed to $9K, Facebook stepped into the blockchain space and Fidelity launched their crypto custodian service.Analysts find this record quite important because for many years the crypto market had been driven by retailers in an unregulated environment, which lacked the legitimacy and liquidity to tempt in bigger players from the traditional financial space. Even though the arrival of institutional investment is regarded as a huge advantage for the crypto market, it is also more than likely to cause an increase in CME gaps and forced liquidations that have an overriding effect on BTC price volatility. At the time of writing Bitcoin price was up by 1.08% to $9,255.87.In addition to the record numbers, CME Group published a new report on June 5 analyzing of the CME CF Bitcoin Reference Rate (BRR). The report explains how the BRR system works and how the bitcoin-based index avoids manipulative practices and gives an accurate representation of price.The report says:“There is liquidity in the BRR, in the 1 year to March 2019, over USD 3 billion worth of bitcoin trades were executed, over 1.8 million trades were included in the BRR based on a total of 607,000 bitcoins traded, this shows credibility in the computation of the BRR.”CBOE, on the other hand, was the very first exchange in America which had listed Bitcoin futures one year and six months ago.During its launch, CBOE Global Markets’ then-COO (Chief Operating Officer) and President Chris Concannon had stated how they thought derivatives would bring about changes in the conventional finance sector and accelerate the acceptance of digital currencies.While CME is noticing increased interest and positions, the Cboe Global Markets settled its last bitcoin futures contracts yesterday, 3 p.m. Chicago time.After CBOE Delisted BTC Futures, CME’s Bitcoin Futures Hit Rrecord
Coinspeaker

CBOE Will No Longer Trade Cryptocurrency Derivatives, Aims to Settle Last Contracts on June 19

Cryptocurrency Derivatives on CBOE Chris Concannon, who was the President and Chief Operating Officer of Cboe global market as at December 2017, announced the launch of Bitcoin futures, saying the crypto derivatives is the real game changer and will revolutionize the entire financial system and boost the global adoption of cryptocurrency. CBOE is the first […]
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Is The CBOE Bored Of Bitcoin?

With the last CBOE Bitcoin futures set to expire in June, it looks like institutional interest in cryptocurrency is fading. It wasn’t long ago that there seemed to be an unstoppable wave of institutional interest heading toward the shores of crypto.   So what happened? If you take a step back in time, you may faintly recollect the heady days approaching the original listing of futures hosted by the CME and the CBOE. It was December 2017 and bitcoin, along with the rest of the crypto market, was approaching all-time highs. Hodlers were celebrating their wise decisions, and persuading family and friends to join in the buying frenzy. And then came the Shorts Futures contracts began forecasting a precipitous fall in prices, creating a negative feedback loop between spot markets and futures trading. Bitcoin prices fell rapidly and the price continuously plummeted over the following year, with only an occasional bounce or bout of volatility. Often these were conveniently timed around future contract expirations.   The Problem With Cash There was a big problem with these futures: they were cash-settled. This is important for one key reason: a trader could be holding a large quantity of bitcoins while simultaneously betting against BTC on cash-settled futures. At an opportune time, the trader could then liquidate their bitcoins, causing a plunge in prices. So cash-settled futures aren’t really a great way to encourage growth in a new asset class. They have, however, been excellent for suppressing prices. Physically settled futures, on the other hand, would not be as susceptible to the same negative influence. In these contracts, the asset would be held in a sort of escrow until the completion of the contract, when it would be paid out. This differs from cash settlements which are more like side-bets on the underlying asset. Unlike cash-settled futures, physically-settled futures would create a demand on the BTC supply. And now, the CBOE is saying goodbye to cash-settled futures, leaving the CME as the only available institutional venue for these trades. Mainstream media is painting this as a somewhat pathetic adieu to the once emerging, but now failed fad that is the cryptocurrency market. A tulip bubble, now popped out of significance. Let’s Get Physical (….ly Delivered Futures Contracts) Given the latest goodbyes, you might be puzzled to learn that the CBOE is still fully committed to the Bitcoin game. The CBOE, it turns out, is a major investing partner of ErisX, along with market giants like Fidelity, TD Ameritrade, and NASDAQ.  ErisX currently offers spot trading, but is in the process of establishing physically settled futures trading, following regulatory approval. One major barrier that has consistently held back approval of such exchanges is the lack of competition, low liquidity, and the resultant high susceptibility to manipulation. By allowing a number of institutional options for investors, this barrier may finally evaporate. Both Bakkt and LedgerX will soon join the physically-settled futures party, offering healthy competition in the nascent market. This is crucial for regulatory approval, providing the “healthy competition” needed in order to comply with antitrust laws and to quell manipulation concerns. Maybe the institutional buyers have been playing this game all along? These corporate forces play the long game a whole lot better than retail investors. In order to fully prepare for such a large-scale launch, these entities would need to accumulate bitcoin over a long period of time. It’s hard to read the minds of financial institutions. But cynical traders might wonder if big players are already accumulating bitcoin through over-the-counter trades, while taking advantage of the downwards pressure in futures prices. Institutional traders, when they do arrive in force, are unlikely to “play nice” with the casual crowd. They are here to make serious money and will take whatever time is needed to properly set the table. They have far more patience and a much longer term vision than the average retail trader buying $50 of bitcoin on Coinbase. By all signs, the institutions are coming. But when they finally join the game, it will be on their own terms. The post Is The CBOE Bored Of Bitcoin? appeared first on Crypto Briefing.
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Bitcoin Futures Will No Longer Be Traded On CBOE

Coinspeaker Bitcoin Futures Will No Longer Be Traded On CBOEChicago Board Options Exchange (CBOE), the world’s largest options market, will reportedly settle the last Bitcoin futures contract on June 19. With the expiration of the last contract, the trading of cryptocurrency derivatives will be officially closed, with no more futures to follow on the exchange.CBOE was the first American exchange to list Bitcoin futures. The exchange announced the launch of Bitcoin futures a year and a half ago, when Chris Concannon, the then-President and Chief Operating Officer of Cboe Global Markets, claimed the derivatives to be real game changers set to revolutionize the traditional sphere of finance and boost cryptocurrency acceptance:“Over the next 10 years we believe that the cryptocurrency market will explode in terms of the assets that they touch, the currencies that they involve.”The closure of CBOE Bitcoin futures market was announced in March 2019. Then the company stated:“CFE is not adding a Cboe Bitcoin (USD) (“XBT”) futures contract for trading in March 2019. CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. While it considers its next steps, CFE does not currently intend to list additional XBT futures contracts for trading.”According to the recent emailed comment by the spokeswoman, Suzanne Cosgrove, the exchange still doesn’t plan to add new Bitcoin futures contracts:“CBOE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading, but we have nothing new to announce at this time.”Chicago Mercantile Exchange (CME) followed CBOE in listing Bitcoin futures a year and a half ago. For now, CME is not going to follow the example of CBOE in its intention to close trading cryptocurrency derivatives. On the opposite, the exchange has recently observed much greater success than ever settling $90 million contracts, which exceeds CBOE’s daily volume. Moreover, on May 13, CME Group reached a record high volume of 33,700 contracts for Bitcoin, processing more than a billion dollars in a single day.The reason of such unexpected CME’s advantage over CBOE can be CME’s method of asset pricing. While CBOE was relying only on Gemini listing, CME was collecting the data from several marketplaces, which resulted in the growing confidence of traders in the trustworthiness of the exchange.Bitcoin Futures Will No Longer Be Traded On CBOE
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Bitcoin Price Hovers Near $8,000 Ahead of Final CBOE Futures Expiry

Bitcoin’s recovery faced strong resistance on Saturday, as the largest cryptocurrency by market capitalization struggled to overcome the $8,000 price level after multiple attempts. The market is […] The post Bitcoin Price Hovers Near $8,000 Ahead of Final CBOE Futures Expiry appeared first on Hacked: Hacking Finance.
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HIGHLIGHT

The Market Responds Nonchalant to CBOE BTC ETF Pull Out

Yesterday, 23 January, the US Securities and Exchange Commission released a two-page document revealing the temporary withdrawal of the proposed rule change by the Chicago Board Options Exchange (CBOE) BZX Exchange Inc. This proposed rule change was said to lay the groundwork for the long-anticipated VanEck/SolidX BTC ETF

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OPINION

Why Do We Need to Wrap Bitcoin?

BitGo, Kyber Network, MakerDAO, IDEX and many other crypto companies partnered to create a Bitcoin-backed Ethereum token, Wrapped Bitcoin. This token will represent BTC, 1 token equal to 1 BTC stored in the custody of BitGo. It could be used to trade BTC on DEXes, the whole administration will be via DAO, similar to Maker system

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DIGEST

Tether destroyed 500 million USDT, Swissquote allows ICO participation, Coinbase added its first stablecoin, IDEX to block NY users, Vertex Ventures invests in Binance, the biggest crypto theft in Australia, Sony creates contactless hardware wallet, Japanese crypto exchanges got a self-regulatory status, Bitcoin Futures still lack volume — in this weekly news

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ESSENTIAL

Today’s cryptocurrency market is young and volatile. Cryptocurrencies have no backing, as such their value is not attached to a physical asset in fact. Their prices are, by and large, speculative meaning they are highly dependable on news and people talking about them. In an effort to bring stability to the market, CBOE and CME, world’s largest derivatives exchanges, decided to introduce Bitcoin futures.

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Titles and Designations Among Industry Participants

Those that follow developments within the digital securities sector may have come across a variety of titles/designations given to industry participants. While a select few companies have set their sights on attaining a full scope of designations, most specialize in one area or another. This necessitates a high level of cooperation among companies, as issuing digital securities requires utilizing various services. With Securitize recently attaining the title of ‘transfer agent’, now is as good a time as any to take a brief look at what positions, such as this, entail. Here are a few designations typically associated with digital securities, and a superficial look at the roles which they play. Placement Agent Companies tasked with completing the roles of a placement agent typically function as a conduit for raising capital. A placement agent is usually hired by a company looking to raise capital through an STO/DSO or some other means of fundraising. Throughout this process, the placement agent will attempt to connect appropriate, and interested, parties (issuers & investors). In doing so, investors gain access to pre-vetted opportunities in their ‘wheelhouse’, while issuers benefit from access to a larger pool of investors. Beyond simply providing token issuers access to their contact book, placement agents are able to provide certain levels of clout to relatively unknown companies through mere affiliation. In addition, they are often tasked with helping develop marketing strategies for token issuers, to more efficiently connect appropriate parties. The following companies are examples of participants within the digital securities sector which hold the title of a placement agent. US Capital Global Entoro BlockPass Issuance Platform The entire process of selling and distributing digital securities is contingent on finding a competent issuance platform. Digital securities require specific traits to be built into their coding, as they are required to be compliant with securities laws imposed by regulatory bodies, such as the SEC. This is done when they are created, using issuance protocols based on blockchain technologies, such as Polymath’s well known ST-20. The following companies are examples of participants within the digital securities sector which act as issuance platforms. Harbor Fintelum Swarm Broker-Dealer A broker-dealer refers to a licenced company which buys and sells securities. A broker-dealer has the ability to act on behalf of, either, themselves or a client. This is a fluctuating designation which is broken down as follows: When securities are traded on behalf of a client, the company is assuming the role of a broker. When securities are traded on behalf of the company, itself, the company is assuming the role of a dealer. The following companies are examples of participants within the digital securities sector which hold the title of a broker-dealer. StartEngine Gemini Dinosaur Financial Group Custodian In a world which is becoming increasingly connected, new challenges regarding security measures are arising every day. This places increased importance on companies assuming the roles of custodians. Custodians within the digital securities sector are tasked with safely storing digital assets. While their means for achieving this may vary, their presence within the sector is extremely important. Warranted or not, blockchain based assets are often viewed together. This means that when an unregulated exchange with poor security measures is hacked, it paints a bleak picture of similar assets. To continue the upwards trajectory of blockchain based assets (digital securities), regulated custodians are of key importance. Through stringent security measures, they are able to provide a safe home for valuable assets, as well as piece of mind for their holders. The following companies are examples of participants within the digital securities sector which provide custodial services. PrimeTrust Copper TokenSoft Marketplace Provider For participating parties to benefit from the oft-touted liquidity associated with digital securities, these assets need a place to call home. Marketplace providers offer this, as they facilitate secondary market trading of digital securities. By facilitating the buying/selling of digital securities, investors can now easily enter and exit their positions. The following companies are examples of participants within the digital securities sector which act as Marketplace Providers. Archax OpenFinance TokenMarket Transfer Agent For companies which undergo the tokenization process and distribute tokens, a transfer agent is vital. Companies which assume this role are typically tasked with accurately tracking the activity and ownership of distributed assets. This means providing token issuers with an accurate picture of who is in possession of their digital assets, and in some instances doling out dividends to holders. The SEC breaks down the roles of a transfer agent into the following 3 main categories. Issue and cancel certificates to reflect changes in ownership. Act as an intermediary for the company. Handle lost, destroyed, or stolen certificates The following companies are examples of participants, within the digital securities sector, which hold the title of a transfer agent. Securitize VStock Transfer Horizon Globex Jockeying for Position While there are many roles and designations within the sector, these are a few of the most prominent and important found in digital securities. With the digital securities sector still in a nascent stage of growth, there are various companies jockeying for position as the ‘go-to’ entity for their specialities. In time, we will eventually see the cream rise to the top, as select companies stand out from the pack with the services they offer. The post Titles and Designations Among Industry Participants appeared first on Securities.io.
Securities.io

Surprise! Binance Researchers Prefer Binance Chain

The scalability trilemma continues to dog blockchain economies, according to the latest Binance Research. Ethereum, while clinging to the crown as the dominant token economy, is facing stiff competition from a range of scrappy competitors. And you’ll never guess which blockchain Binance researchers consider to be a top contender. The Binance report recognizes Ethereum’s success as  “the most used blockchain worldwide for developers to issue new tokens.” As the dominant network, Ethereum has introduced a large variety of fully developed token standards, including newer innovations such as security tokens and non-fungible tokens. But despite Ethereum’s large range of offerings, Binance Research says,  the “vast majority of these tokens are worthless,” and tokens on other blockchains also hold little value. The big exception is Binance Chain, which has “the second largest amount of positively-valued tokens,” after Ethereum. The study explains that “newer blockchains have begun to compete in different segments” as Ethereum suffers from issues with scalability and gas fees. In addition to Binance Chain, which allows users to pay fees “in any valuable asset,” popular competing blockchains mentioned in the report include “EOS, Ontology, and TRON or second layers running on blockchains like Simple Ledger Protocol for Bitcoin Cash.”   source: Binance Research   Presenting a detailed comparison of token-focused blockchain solutions, the study examines some of the distinctions between the various networks. DApp availability justifies the growth in use-case for token ecosystems and therefore is a key factor for consideration, according to the report, and speed and fees are important considerations as well. The researchers also consider “easiness to build,” along with security and the extent to which a blockchain is decentralized. In terms of DApp activity, EOS and TRON are the favorite blockchains for casino-style gaming. Ontology is a favorite among gamers, while exchange dApps have a strong presence on NEO.  Ethereum is more diversified in its offerings, with growth in a wider range of applications in finance and exchange. The blockchains seeing the most activity are “Ethereum, Binance Chain, EOS, Tron, and NEO.”    source: Binance Research   Binance Research points out that many blockchains offer a “compelling value proposition” for the issuance of tokens, which may eventually overtake Ethereum’s dominant position. Binance Chain in particular is singled out for “the creation of tokens natively” giving it an advantage over others that rely on smart-contract deployments, like Ethereum and a number of competitors. With the relatively low number of use-cases and users across the industry, the report concludes that even though Ethereum currently dominates, it is “too early to rule out” potential competitors. “In the long run,” the study says,  “a wide variety of programmable blockchains will likely coexist if interoperability solutions across chains develop and prove to be secure and usable.”    The post Surprise! Binance Researchers Prefer Binance Chain appeared first on Crypto Briefing.
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TriveAcademy Awarded the Bloconomic Excellence Award at the Bloconomic Expo 2019

TriveAcademy, a player in building the blockchain technology infrastructure which also conducts training classes and consultation processes was awarded for the “Bloconomic Excellence Award – Best Blockchain Technology Developer Award” at the  Bloconomic Expo 2019. The Bloconomic Expo 2019 is organized by the Malaysian Blockchain Association and Alphacap Sdn. Bhd. As a sponsor partner for Bloconomic event, TriveAcademy has presented their latest technology and applications of Trivechain 2.0 to the public at the expo. Trivechain just launched TRVC App which all the speakers’ and volunteers’ certificates is been blockchain in their TRVC app. After a successful fork on April 22, 2019, the new version of Trivechain 2.0 has been successfully forked, deployed and is running steadily. Trivechain 2.0 has include major changes such as adjustments to their Proof-of-Work algorithm from X11 to X16R and Proof-of-Stake collateral from 1,000 TRVC to 10,000 TRVC. The mining hash rate and the number of masternode needs to catch up slowly and be supported by a new community. The hash power and number of masternodes is increasing gradually every day indicating a significant increase from the date it was forked. In an interview with Tan, he said that “Trivechain 2.0, as a blockchain platform, will create a highly compatible community to attract developers and entrepreneurs around the world to become part of the Trivechain community. This community along with a number of open source products will offer and create a more conducive ecosystem for developers. This allows the chain to provide the most favorable conditions for its users to develop its application.” Trivechain 2.0 is offering another alternative open source platform for developers to develop their new blockchain base business ventures. The platform is ready for deployment and for those who are interested to catch new mining trend. Come and join the Trivechain community! You are invited to apply for the development fund through the DAO governance system to build a friendly and efficient development ecosystem in the blockchain environment. Visit the official website at www.trivechain.com for more details. About Trivechain (TRVC): Trivechain (TRVC) is a games and entertainment public blockchain protocol managed by Decentralized autonomous organization (DAO) which focuses on games and entertainment to enter the new era digital age with implementation of blockchain-based technology and DApps (decentralized applications). Facebook: https://www.facebook.com/trivechainMedium: https://medium.com/trivechainTwitter: https://twitter.com/trivechain_trvcReddit: https://www.reddit.com/user/TRVC-2Telegram: t.me/trivechain The post TriveAcademy Awarded the Bloconomic Excellence Award at the Bloconomic Expo 2019 appeared first on Bitcoin Garden.
Bitcoin Garden

Wanchain, Civic, Aion and Tael Top All Cryptos; Coins in Aggregate Up 3.13% Overall, 34 Coins Cross Key Moving Average

The Big Winners From Yesterday Over the past day, the top performing coin out of the 133 coins we are tracking was Wanchain, which offered a day-over-day return 90.53%. Rounding out the top four currencies for the day were Civic, Aion, and Tael, which provided holders with returns of 27.02%, 26.53%, and 22.7% for the day. These moves were quite significant, in the sense that they were well outside of the volatility each of the respective coins had seen for the past two weeks. Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex The Crypto Big Picture Overall, the average change in coin price for the coins we’re tracking was up 3.1253%. On a more granular level, 65% of the coins we’re tracking were up while 35% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 34 coins are especially close to their 20 day moving average, and thus may be worth watching for technical traders who view the 20 day moving average as a key support/resistance level. Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Currencies With Significant Price Moves Here’s a list of the specific coins that crossed their key moving average level: Status, district0x, Loopring, 0x, SingularDTV, SONM, IOTA, Verge, AirSwap, Request, Viberate, Power Ledger, Ripio Credit Network, Agrello, BlockMason Credit Protocol, Aeron, Genesis Vision, Po.et, Tierion, Tael, Time New Bank, Waves, OST, NavCoin, Lunyr, AppCoins, VIBE, Nucleus Vision, POA Network, Groestlcoin, Skycoin, Civic, Streamr DATAcoin, Dock. Also of note is that 66 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. Below is a chart that zooms in a bit more, showing 4 coins trading below their 20 day moving average and exhibiting contracting volatility. Are these coins ready for a rally? Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post Wanchain, Civic, Aion and Tael Top All Cryptos; Coins in Aggregate Up 3.13% Overall, 34 Coins Cross Key Moving Average appeared first on DecentralPost.
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