CME Group Ether Futures

The CME Group's Ether Futures contract is a USD cash-settled contract on the Ether cryptocurrency. The contract is based on the CME CF Ether Dollar Reference Rate (ETHUSD_RR) and the CME CF Ether Dollar Real Time Index (ETHUSD_RTI). ETHUSD_RR finds the U.S. Dolalr price of one Ether as of 4:00 p.m. London time by aggregating Ether spot exchanges during a one-hour circulation window. This one-our window is then partioned into twelve, five-minute intervals, where the ETHUSD_RR is calculated as the equally-weighted average of the volume-weighted medians of all twelve partitions. ETHUSD_RTI is a real-time index of the U.S. Dollar price of one Ether, published once per second – 24 hours a day, 365 days per year.
According to Tim McCourt, CME Group's global head of equity indexes and alternative investment products, the new contract was launched due to increased "Institutional demand for transparent, exchange-listed crypto derivatives." McCourt also said that Ether and other cryptocurrency futures and options, "will create new opportunities for a broad array of clients, whether they are looking to hedge ether positions in the spot market or gain exposure to this cryptocurrency on a regulated derivatives marketplace." 
The Ether contract was initially listed on CME on Feb 8th, 2021. 
== Contract Specs ==
Ether Futures 	Ether Futures 	Ether Futures
Contract Unit 	50 Index Points 	50 Index Points
Price Quotation 	U.S. dollars and cents per Index Point 	U.S. dollars and cents per Index Point
Trading Hours 	CME Globex: 	Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
Trading Hours 	CME ClearPort: 	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday 5:45 p.m. – 6:00 p.m. CT
Minimum Price Fluctuation	Outright: 0.25 index points = $12.50 per contract.
Calendar Spread: 0.05 index points = $2.50 per calendar month spread contract. 	Outright: 0.25 index points = $12.50 per contract.
Calendar Spread: 0.05 index points = $2.50 per calendar month spread contract.
Product Code 	CME Globex: ETH
CME ClearPort: ETH
Clearing: ETH 	CME Globex: ETH
CME ClearPort: ETH
Clearing: ETH
Listed Contracts 	Monthly contracts listed for 6 consecutive months and 2 additional Dec contract months. If the 6 consecutive months includes Dec, list only 1 additional Dec contract month. 	Monthly contracts listed for 6 consecutive months and 2 additional Dec contract months. If the 6 consecutive months includes Dec, list only 1 additional Dec contract month.
Settlement Method 	Financially Settled 	Financially Settled
Termination of Trading 	Trading terminates at 4:00 p.m. London time on the last Friday of the contract month. If this is not both a London and U.S. business day, trading terminates on the prior London and the U.S. business day.	Trading terminates at 4:00 p.m. London time on the last Friday of the contract month. If this is not both a London and U.S. business day, trading terminates on the prior London and the U.S. business day.
Settlement Procedures 	Financially settled 	Financially settled
Position Limits 	CME Position Limits 	CME Position Limits
Exchange Rulebook 	CME 349 	CME 349
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
== References ==
== Resources ==
*CME Group Ether Contract Specifications
== Notes ==
Category:Sponsored Pages
Category:Sponsored Pages - CME
Category:Reserved Pages
Category:Reserved Pages - CME
Category:Ether Futures Contracts
Category:Futures Contracts Traded on CME Group
Category:Futures Data in Template