Wintermute Asia, a branch of algorithmic trading firm Wintermute Group, has executed its first options block trade through CME Group, marking a significant collaboration between traditional and crypto financial markets.
Wintermute Asia, a subsidiary of algorithmic trading giant Wintermute Group, marked a major milestone in the cryptocurrency derivatives trading landscape.
On Tuesday, the company announced its first successful execution of a block options trade through the CME Group, a noteworthy event in the digital asset space. This pioneering BTC/USD block trade, facilitated between Wintermute Asia and TP ICAP, was authorized by ABN AMRO Clearing Bank.
Sam Newman, head of digital asset brokerage at TP ICAP, emphasized the importance of such developments and highlighted the “exciting market” and “maturation” it is undergoing.
CME Group, a Chicago-based derivatives exchange, partnered with cryptocurrency indexing firm CF Benchmarks in August to provide Asia-Pacific benchmark rates for key cryptocurrencies such as Ether (ETH) and Bitcoin (BTC).
Giovanni Vicioso, global head of cryptocurrency products at CME Group, expressed excitement in offering Wintermute and its counterparties a “regulated and highly liquid set” of cryptocurrency futures and options.
