Gemini auction price for bitcoin in U. The contract multiplier for the XBT futures contract is 1 bitcoin. The trading hours for an expiring Bitcoin cb futures contract end at 2:45 p. Market Orders for XBT futures contracts will not be accepted.
Any Market Orders for XBT futures contracts received by the Exchange will be automatically rejected or canceled back to the sender. Stop Limit Orders are permitted during regular and extended trading hours for the XBT futures contract. All times referenced are Chicago time. The individual legs and net prices of spreads in XBT futures may be in increments of 0. Prices are stated in decimal format.
The eligible size for an original Order that may be entered for a cross trade with one or more other original Orders pursuant to Rule 407 is one Contract. Orders that it intends to cross. The Order Exposure Period under Policy and Procedure IV before an Order may be entered to take the other side of another Order with respect to which there has been pre-execution discussions is five seconds after the first Order was entered into the CFE System. Any ECRP transaction must satisfy the requirements of CFE Rule 414. For any ECRP transaction in which the related position is bitcoin, the related position portion of the transaction must be consummated through the facilities of Gemini. The minimum price increment for an ECRP transaction involving the XBT futures contract is 0. Block Trades are permitted in XBT futures.
The minimum Block Trade quantity for the XBT futures contract is 50 contracts if there is only one leg involved in the trade. If the Block Trade is executed as a transaction with legs in multiple contract expirations, each leg must meet the minimum Block Trade quantity for the XBT futures contract. Any Block Trade must satisfy the requirements of CFE Rule 415. The minimum price increment for a Block Trade in the XBT futures contract is 0.
Trading hours for expiring XBT futures contracts end at 2:45 p. Chicago time on the final settlement date. The final settlement date for “weekly” XBT futures is two business days prior to the Friday of the week denoted by the ticker symbol. The final settlement date for “serial” and “quarterly” XBT futures is two business days prior to the third Friday of the month denoted by the ticker symbol. These final settlement dates apply regardless of whether one of the above-referenced Fridays is a CFE holiday.