LCH SA today announced it will offer clearing of Bitcoin index futures and options contracts traded on GFO-X, subject to regulatory approval. This will be made available through a new segregated clearing service, LCH DigitalAssetClear.
The offering has been developed by GFO-X, a UK digital asset derivatives trading venue approved as a multilateral trading facility by the Financial Conduct Authority, and LCH SA, in close consultation with market participants, to ensure their digital asset derivatives trading and clearing requirements can be met within a secure, highly regulated environment.
The new Bitcoin index futures and options contracts will be cash-settled through LCH DigitalAssetClear and will be based on the GFO-X/Coin Metrics Bitcoin Reference Rate (GCBRR), a BMR-compliant reference rate of the U.S. dollar price of Bitcoin. Firms will be able to trade futures…
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