Fixed Maturity Futures Contract specifications

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

 

Fixed Maturity Contract Specifications

  Bitcoin-Dollar Futures Ether-Dollar Futures Litecoin-Dollar Futures BitcoinCash-Dollar Futures Ripple-Dollar Futures Ripple-Bitcoin Futures
  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 1 USD 0.1 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

Week: Every Friday*

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

Week: Each Friday* for which no contract expiring the following Friday* already exists.

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 weekly contract (between approx. 0 and 7 days to maturity)
- a monthly contract (between approx. 7 and 42 days to maturity)
- a quarterly contract (between approx. 42 and 130 days to maturity)

Initial Margin Please see Margin Schedule Please see Margin Schedule Please see Margin Schedule Please see Margin Schedule Please see Margin Schedule Please see Margin Schedule
Maintenance Margin Please see Margin Schedule Please see Margin Schedule Please see Margin Schedule Please see Margin Schedule Please see Margin Schedule Please see Margin Schedule
Maximum Initial Leverage Please see Margin Schedule Please see Margin Schedule Please see Margin Schedule Please see Margin Schedule Please see Margin Schedule Please 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 and 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.