ICE Futures US Notice BitcoinLaunch20181120

Transcript

1 NOTICE , 2018 BER NOVEM 20 BITCOIN (USD) DAILY FUTURES CONTRACT ™ BAKKT TO BEGIN TRADING 24, EXPECTED JANUARY N O 2019 ICE Futures U.S., Inc. will list the new Bakkt Bitcoin (USD) Daily Futures Contract for trading on trade date Thursday, January will provide additional time 201 9 , subject to regulatory approval . The new listing timeframe 24, for customer and clearing memb . and warehousing of the new contract the start of trading er onboarding prior to - The Bakkt Bitcoin (USD) Daily Futures Contract is a physically settled daily futures contract for bitcoin held in Bakkt will be cleared by ICE Clear US, Inc. , and Warehouse Each futures contract calls for delivery of one bitcoin held in , and will trade in U.S. dollar terms. One daily contract will be listed for trading each Exchange Bakkt Warehouse e Business Day. Full contract specifications are below . here , and can be found onlin A physically settled daily futures contract for bitcoin held in Description Warehouse Bakkt Contract Symbol BTC Contract Size 1 Bitcoin Price Quotation Dollars US per bitcoin, to two decimal places 2 0 per contract). Block Trades may be 5 $2.50 per bitcoin ($ . executed at $0.01 per bitcoin ($0.01 per contract) ovement M Minimum Price Daily Price Limit None Dates Contract Eligible Every Exchange Business Day Listing Cycle One Contract Date will be listed each D ay B usiness Settlement Physical Delivery Delivery Location Bakkt Warehouse Last Trading Day Time on the Business Day of the Contract Date PT 6:00 pm E Last/Only Delivery Day Equal to the d aily Contract Date Trading Hours 8:00 pm to 55 6 pm, all times EPT :00 pm, preopen at 7: Non - Screen Trade Types Block Trades permitted Block Trade Minimum Quantity 10 lots View All Notices / Contact Us / Media Inquiries © 201 8 Intercontinental Exchange, Inc. The following are trademarks of Intercontinental Exchange, Inc. and/or its affiliated compani es: Intercontinental Exchange, ICE, New York Stock Exchange and NYSE. For more information regarding trademarks owned by Intercont inental Exchange, Inc. and/or its affiliated companies see: intercontinentalexchange.com/terms - of - use Key Information Documents for certain products covered by the EU Packaged Retail and Insurance - ba sed Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key information Documents (KIDS),” commencing January 1, 2018.

2 NCR : 50.00 RL: 150.00; NCR, RL and IPL Levels : IPL 300.00, 5 second recalculation and hold periods. Exchange and Clearing Fees . 0 per side for all trade types 0 $ 5 Daily Settlement Window 4:58 to 5:00 pm EPT Position Limit 100,000 lots in any Contract Date Listing Exchange ICE Futures U.S. Venue Clearing ICE Clear US eh ouse can be found Additional information on Bakkt War at www.bakkt.com. new futures contract will be made available closer to the launch date . Pleas Additional information on the ensur e e thi f o ent cont e th f o d e advis e r a s r e tha t th e ap p r op r iat e s m e m be r s o f staf f w ithi n y o u r o r g a n iz a t i o n an d custo m . Notice FOR MORE INFORMATION Tim Barry [email protected] 4096 (212) 748 - View All Notices / Contact Us / Media Inquiries © 201 8 Intercontinental Exchange, Inc. The following are trademarks of Intercontinental Exchange, Inc. and/or its affiliated compani es: Intercontinental Exchange, ICE, New York Stock Exchange and NYSE. For more information regarding trademarks owned by Intercont inental Exchange, Inc. and/or its affiliated companies see: intercontinentalexchange.com/terms - of - use Key Information Documents for certain products covered by the EU Packaged Retail and Insurance - ba sed Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key information Documents (KIDS),” commencing January 1, 2018.

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