CME Group Launches Indexes To Track Bitcoin’s Price

CME Group, the world’s largest futures exchange, has launched a pair of indexes to track bitcoin’s price, a move that could boost bitcoin’s visibility in the futures market.
The newly-introduced CME CF Bitcoin Reference Rate (BRR) and the CME CF Bitcoin Real Time Index (BRTI) are a standardized reference rate and a spot price index, respectively. The indexes are expected to drive the professionalization of bitcoin trading and further establish digital assets as a new asset class, CME noted on its website.
The indexes were scheduled to launch Monday in the production environment on the Simple Binary Encoding (SBE) market data feed.

This post was published at Crypto Coins News on 17/11/2016.