Fixed Maturity Futures Contract specifications

To see Perpetual Futures Contract Specifications, please visit the other page here.

 

Fixed Maturity Contract Specifications

  Bitcoin-USD Futures Ether-USD Futures Litecoin-USD Futures BitcoinCash-USD Futures Ripple-USD Futures Ripple-Bitcoin Futures
Contract Symbol FI_XBTUSD FI_ETHUSD FI_LTCUSD FI_BCHUSD FI_XRPUSD FV_XRPXBT
Instrument Type Inverse Futures Inverse Futures Inverse Futures Inverse Futures Inverse Futures Vanilla Futures
Settlement Index CME CF Bitcoin Reference Rate (BRR) CME CF Ether Reference Rate LTC:USD Settlement Price BCH:USD Settlement Price** XRP:USD Settlement Price XRP:XBT Settlement Price
Settlement Platform Ticker RR_XBTUSD RR_ETHUSD RR_LTCUSD RR_BCHUSD** RR_XRPUSD RR_XRPXBT
Contract Size 1 USD 1 USD 1 USD 1 USD 1 USD 1 XRP
Trading Hours 24 hours/day, 7 days/week, 365 days/year (excluding maintenance)
Price Quotation U.S. Dollars per 1 bitcoin U.S. Dollars per 1 Ether U.S. Dollars per 1 Litecoin U.S. Dollars per 1 bitcoincash U.S. Dollars per 1 Ripple XRP Bitcoin per 1 Ripple XRP
Tick Size 0.5 USD 0.05 USD 0.01 USD

0.1 USD

0.0001 USD 0.00000001 BTC
Listed Contracts Month, Quarter Month, Quarter Month, Quarter Month, Quarter Month, Quarter Quarter
Settlement method Cash settled in XBT Cash settled in ETH Cash settled in LTC Cash settled in BCH Cash settled in XRP Cash settled in XBT
Settlement time Approximately 90 seconds after Last Trading
Last Trading

16:00 London time

Month: Last Friday* of the month

Quarter: Last Friday* of a month in the March quarterly cycle (March, June, September, December)

First Trading

16:00 London time

Month: Each Friday* for which a contract expiring the following Friday* exists already AND no contract expiring the last Friday* of the following month already exists.

Quarter: Each Friday* for which a contract expiring the following Friday* exists AND a contract expiring the last Friday* of the following month exists.

The listing schedule results in there always being listed:

- a monthly contract (between approx. 7 and 42 days to maturity)
- a quarterly contract (between approx. 42 and 130 days to maturity)

Initial Margin 2-6% (Professional clients), 50% (Retail clients)
Maintenance Margin Half of Initial Margin
Maximum Initial Leverage 17x-50x (Professional clients), 2x (Retail clients)
Position Limits See Margin Schedule
Mark Price Mid Price bounded by CME CF Bitcoin Real Time Index (BRTI) with anti-manipulation measure Mid Price bounded by CME CF Ether Real Time Index with anti-manipulation measure Mid Price bounded by LTC:USD Spot Rate with anti-manipulation measure Mid Price bounded by BCH:USD Spot Rate with anti-manipulation measure Mid Price bounded by XRP:USD Spot Rate with anti-manipulation measure Mid Price bounded by XRP:XBT Spot Rate with anti-manipulation measure
Real Time Platform Ticker IN_XBTUSD IN_ETHUSD IN_LTCUSD IN_BCHUSD IN_XRPUSD IN_XRPXBT
Margin & Settlement Currency XBT ETH LTC BCH XRP XBT

* If a Friday is not a business day in both the UK and the US, then the preceding day that is a business day in both the UK and the US.

** Note that if the settlement rate reported by the Index is, for any reason, deemed to not adequately represent the underlying market, the Mark Risk Committee of Crypto Facilities reserves the right to select its own appropriate fair value settlement rate.