Basis Trade at Index Close (BTIC) enables market participants to execute a basis trade relative to the official close for the underlying index for more efficient cash management.
With BTIC+ now available, add more lead time to capture the certainty of the close earlier, several days ahead. Negate the wait to manage risk around an upcoming market close value on a set date (e.g., expiration date).
Benchmark trading against the close
Index rebalancing and reinvestment (adds/deletes)
Efficiently manage index rebalancing and reinvestment risks
Easily hedge OTC swaps and options
Improve balance sheet management and increase cash equitization
Trade the cryptocurrency basis with the pricing credibility and transparency of regulated CME CF Bitcoin Reference Rate (BRR), Ether-Dollar Reference Rate (ETHUSD_RR), Bitcoin Reference Rate New York (BRRNY) and Ether-Dollar Reference Rate New York (ETHUSD_NY).
BTIC on Bitcoin, Micro Bitcoin, Ether and Micro Ether futures are now available against Bitcoin Reference Rate APAC (BRRAP) and Ether-Dollar Reference Rate APAC (ETHUSD_AP) benchmarks.
Index Futures Product | Ticker Symbol | Minimum Tick Increment | BTIC Block Trade Threshold | Clears into Underlying Product | |||
---|---|---|---|---|---|---|---|
CME | Bloomberg | CQG | Refinitiv | ||||
Bloomberg Commodity Index | AWT | BIIA Index | ERT | 1AWBc1 | 0.01 | 50 | AW |
E-mini S&P 500 | EST | STEA Index | EPT | 1SETc1 | 0.05 | 500 (100 during non-U.S. hours) | ES |
E-mini NASDAQ-100 | NQT | QNTA Index | NQT | 1NQTc1 | 0.05 | 500 (100 during non-U.S. hours) | NQ |
E-mini Dow ($5) | YMT | YMTA Index | YMT | 1YMTc1 | 1 | 500 | YM |
E-mini Russell 1000 | R1T | YSRA Index | R1T | 1R1Tc1 | 0.05 | 50 | RS1 |
E-mini Russell 2000 | RLT | RLBA Index | - | 1RTLc1 | 0.05 | 40 | RTY |
Nikkei/Yen |
NIT |
BKYA Index |
NIT |
1NIU |
0.1 |
50 |
NIY |
Nikkei/USD |
NKT |
BKDA Index |
NKT |
1NKU |
0.1 |
50 |
NKD |
TOPIX | TPB | TPTA Index | TPB | TPBc1 | 0.025 | N/A | TPY |
**Non-U.S. trading hours are between 4pm-7am CT Monday-Friday on regular business days and at any time on the weekends.
Index Futures Product | Ticker Symbol | Minimum Tick Increment | BTIC Block Trade Threshold | Clears into Underlying Product | |||
---|---|---|---|---|---|---|---|
CME | Bloomberg | CQG | Refinitiv | ||||
S&P 500 Total Return | TRB | SRTA Index | TRB | TBRc1 | 0.05 | 250 | TRI |
S&P 500 Adjusted Interest Rate Total Return | AST |
ASWA Index |
AST |
AYT |
0.5 |
250 |
ASR |
FTSE 100 Adjusted Interst Rate Total Return | AFT |
AFTA Index | AFT |
FAT |
0.5 |
50 |
AFR |
Nasdaq-100 Adjusted Interest Rate Total Return Futures | AQT |
QATA Index |
AQT |
AQT |
0.5 |
250 |
AQR |
Russell 1000 Adjusted Interest Rate Total Return Futures | ART |
MATA Index |
ARRT |
TRA |
0.5 |
50 |
ARR |
Russell 2000 Adjusted Interest Rate Total Return Futures | A2T |
RATA Index |
A2T |
A2T |
0.5 |
50 |
A2R |
DJIA Adjusted Interest Rate Total Return Futures | ADT |
DATA Index |
ADT |
ADT |
0.5 |
250 |
ADR |
Product Name | Ticker Symbol | Minimum Tick Increment | BTIC Block Trade Threshold | Clears into Underlying Product | |||
---|---|---|---|---|---|---|---|
CME | Bloomberg | CQG | Refinitiv | ||||
Bitcoin futures against London close | BTB | BTDA <Curncy> | BTB | BTB | 1 | 5 | BTC |
Bitcoin futures against NY close | BNB | BRBA <Curncy> | BNB | BNB | |||
Bitcoin futures against APAC close | ABB | ABCA <Curncy> | ABB | BAO | |||
Micro Bitcoin futures against London close | MIB | BMYA <Curncy> | MIB | MBI | 1 | 10 | MBT |
Micro Bitcoin futures against New York close | MYB | MYBA <Curncy> | MYB | MYB | |||
Micro Bitcoin futures against APAC close | AMB | AEPA <Curncy> | AMB | BAU | |||
Ether futures against London close | ETB | DCSA <Curncy> | ETB | EBT | 0.05 | 5 | ETH |
Ether futures against New York close | ENB | FNBA <Curncy> | ENB | ENB | |||
Ether futures against APAC close | ATB | AQTA <Curncy> | ATB | TBZ | |||
Micro Ether futures against London close | EMB | MBWA <Curncy> | MRB | BRM | 0.1 | 100 | MET |
Micro Ether futures against New York close | EYB | FYBA <Curncy> | EYB | EYB | |||
Micro Ether futures against APAC close | AHB | AHB - AHIA <Curncy> | AHB | BHZ |