CME Group and Crypto Facilities (CF) provide two streamlined Bitcoin Market Data products designed to give CME Group clients a reliable Bitcoin reference rate price source for digital assets.
The pricing data is disseminated via a streamlined Simple Binary Encoding (SBE) market data feed. This feed publishes the following bitcoin standardized reference rate and real time index pricing data:
- CME CF Bitcoin Reference Rate (BRR), which provides a final settlement price in U.S. dollars shortly after 4:00 p.m. London time on each trading day.
The BRR aggregates the trade flow of major bitcoin spot exchanges during a specific calculation window into a once-per-day reference rate of the U.S. dollar price of bitcoin.
- CME CF Bitcoin Real Time Index (BRTI), which allows users real-time access to bitcoin prices.
- The BRTI, which is calculated by Crypto Facilities, aggregates global demand to buy and sell bitcoin into a consolidated order book and reflects the real time U.S. dollar price of bitcoin and will be published approximately once every second.
Market data for Bitcoin via streamlined SBE has the following characteristics.
- Dissemination of bitcoin prices — leveraging the CME CF Bitcoin Real Time Index (BRTI), once per second, for executing intra-day bitcoin transactions and risk management
- The following messages are NOT disseminated on the streamlined incremental feed:
- bid and ask prices
- high and low prices
- opening and closing prices
- Streamlined market data is disseminated on the following schedule:
- CME CF Bitcoin Reference Rate (BRR) - shortly after 16:00 London time each day
- CME CF Bitcoin Real Time Index (BRTI) - once every second for 24 hours
- The following tags apply for the Bitcoin Reference Rate (BRR) only:
- tag 451 - NetChgPrevDay
- tag 6119 - NetPctChg
- Streamlined Bitcoin Market Data is disseminated according to the following schedule (Central Time):
- Sun 14:00 CT - Fri 17:30 CT
- Sat 00:00 CT - Sat 11:30 CT
- Sat 22:30 CT - Sun 11:30 CT
Market Data Channels
The following table lists the channels that are disseminated.
|Channel Name||Streamlined Channel Number|
|streamlined CME CF Bitcoin Pricing Data||213|