BTIC Trades in Futures and Swaps on the Bloomberg Commodity Index

On Monday, August 13, 2018, the Chicago Board of Trade will extend BTIC (Basis Trade at Index Close) trading to both futures and swaps contracts on the Bloomberg Commodity Index. BTIC is “Trade At Marker” (TAM) functionality where the trade is executed at a differential price relative to a marker, in this case the daily closing value of the Bloomberg Commodity Index. At the end of day, when the final daily closing value of the index is determined, you receive a transaction in the underlying contract, at an absolute price equal to the differential traded price, plus the daily closing value of the index.

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