CME Group is the world’s leading and most diverse derivatives marketplace, handling 3 billion contracts worth approximately $1 quadrillion annually (on average). We provide a marketplace for buyers and sellers, bringing together individuals, companies and institutions that need to manage risk or that want to profit by accepting risk. Our exchanges, CME, CBOT, NYMEX, and COMEX, offer the widest range of global pricing products across all major asset classes including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.
CME Group is committed to fostering open standards, diverse participation and cultivating the highest standards and protocols as the cryptocurrency space and digital asset technology evolves.
Our BRR and BRTI have been widely accepted and clients are looking for similar quality reference prices on additional cryptocurrencies. Ether is the second largest cryptocurrency by both market capitalization and daily volume.
These products are designed to allow ether traders, companies and other users to rely on a credible reference rate price source. This is an important step to making ether trading more secure and accessible, and CME Group is proud to lead the way for the nascent industry as digital assets evolve.
The ETHUSD_RR aggregates the trade flow of major ether spot exchanges during a specific calculation window into a once-a-day reference rate of the U.S. dollar price of ether. Calculation rules are geared toward maximum transparency and real-time replicability in underlying spot markets.
The ETHUSD_RR will be published between 4 p.m. and 4:30 p.m. London time every day, including weekends and holidays.
The ETHUSD_RTI aggregates global demand to buy and sell ether into a consolidated order book that reflects the fair, instantaneous U.S. dollar price of ether. It is geared toward low latency and timeliness and is based on forward-looking input data.
The ETHUSD_RTI will be published approximately once per second of every day, including weekends and holidays.
An Oversight Committee, consisting of CME Group, Crypto Facilities and leading industry experts will regularly review the methodology and practice standards followed in the new reference rate and index determination process to protect the integrity of the rates and ensure all CME CF Cryptocurrency Indices continue to be representative of the underlying markets.
There are three ways to access the data:
CME Group website
Market Data Platform (MDP) through channel 213
All customers are required to sign a Market Data License Agreement (MDLA) to license the CME CF Ether-Dollar Reference Rates and CME CF Ether-Dollar Real-Time Index products.
No, customers will license only with CME Group under the MDLA.
Customers can take the data directly from CME Group or they can subscribe to the data through a licensed third-party data provider.
The reference rate and real-time indices require separate licenses and therefore, a separate entitlement for each. Specific reporting and license codes will be communicated at a later time.
No, customers do not need to certify separately.
A fee waiver will be in place for all MDLA Schedule 2a defined Data Use Packages and Licenses. Please note that the creation and distribution of derived works using the ETHUSD_RR and the ETHUSD_RTI is not covered under the fee waiver and will require a separate Derived Data License Agreement.
Details of the methodology can be found on the CME Group Cryptocurrency page
Yes, once CME Group starts publishing the rates, the rate history (from that point) will automatically become available through our market data channels.
As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. Comprised of four exchanges - CME, CBOT, NYMEX and COMEX - we offer the widest range of global benchmark products across all major asset classes, helping businesses everywhere mitigate the myriad of risks they face in today's uncertain global economy.
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