LMAX Group, the cryptocurrency and FX trade, will begin trading futures for bitcoin and ethereum within the third quarter.
Working with SIX, the Swiss and Spanish inventory market operator, it is going to present cash-settled, centrally cleared greenback crypto asset futures, LMAX mentioned on 17 March. Initially, trading might be 5 days every week, with plans to develop it to 24 hours a day seven days every week.
READ Some of the largest names within the hedge fund business are betting on crypto — right here’s why
“As institutional adoption of crypto trading continues to enhance, we’ll full our providing, mentioned David Mercer, chief govt of LMAX. “By providing entry to deep institutional liquidity, we’re offering a big market entry alternative as crypto and blockchain finance evolves.”
The transfer is one other signal that digital belongings have gotten extra mainstream. While they began as one thing traded primarily by retail buyers, large funding banks equivalent to Standard Chartered, Barclays, Goldman Sachs and UBS are beginning to incorporate crypto belongings into their portfolios.
To contact the writer of this story with suggestions or information, e-mail Brian Swint
https://www.fnlondon.com/articles/crypto-exchange-lmax-to-launch-bitcoin-and-etherum-futures-trading-with-six-20220317
