Go-live Date
07th May 2023
EBS to launch Bitcoin/US Dollar EOM Non-Deliverable Forwards on CME Globex.
Whisperer Client Impact
Context
Whisperer clients can subscribe to market data for OnSEF and OffSEF Bitcoin/ USD EOM NDFs using tag Symbol/55=BTC/USD.
Please note that Whisperer does not yet support trading on these new products. Please contact MarketFactory Support for further details.
Change Overview from CME
Effective Sunday, May 7 (trade date Monday, May 8), subject to regulatory approval, the EBS UK MTF and NEX SEF^1^ will launch for trading Bitcoin/US Dollar Non-Deliverable Forwards (NDFs) on CME Globex.
PRODUCT MDP 3.0: TAG 6937-ASSET ILINK: TAG 55-SYMBOL
MDP 3.0 TAG 1151 - SECURITY GROUPMARKET IDENTIFIER CODE (MIC CODE) MARKET DATA CHANNEL BTC EOM 1 BTCE1 BNDF XEBS ULTRA: 530
CREDIT SCREENED: 534BTC EOM 1 SEF BTCE1S BNDF NEXS BTC EOM 2 BTCE2 BNDX XEBS BTC EOM 2 SEF BTCE2S BNDX NEXS
The Bitcoin/US Dollar NDFs will feature the following new Access Groups:
- ON SEF/ON MTF CRYPTO NDFs
- OFF SEF/ON MTF CRYPTO NDFs
Additional product and instrument information will be available in the Reference Data API.
Please note: Trades for Bitcoin/US Dollar NDFs on EBS Central Post Trade (CPT) will have Bitcoin/US Dollar as the terms currency.
Customers that would like to trade this product and have not already discussed this with EBS can contact their CME EBS Account Executive to discuss onboarding requirements.
These products will be available for customer testing in New Release on Monday, March 27.
Overview
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