Product Specifications
Bitcoin US Dollar Futures
| Product Field | Value |
|---|---|
| Product Name | Bitcoin US Dollar Futures |
| Product Code | BUS |
| CQG Contract Name | F.US.BBUS |
| Contract Size | 1 Bitcoin |
| Price Quotation | US Dollars |
| Min Price Fluctuation | $1 USD per contract ($1 USD per Bitcoin) |
| Margin | US Dollars |
| Trading Hours | 8:30 Open to 14:30 Close CPT, Monday through Friday. |
| Trading Commencement | 10 business days prior to the last business day six calendar months prior to expiry. |
| Trading Termination | 9:30 CPT of the last business day prior to the last Thursday of the expiry month. |
| Settlement | Deliverable |
| Listing | The first two consecutive contracts in the March, June, September, and December quarterly cycle. |
Deci Bitcoin US Dollar Futures
| Product Field | Value |
|---|---|
| Product Name | Deci Bitcoin US Dollar Futures |
| Product Code | BUI |
| CQG Contract Name | F.US.BBUI |
| Contract Size | 1⁄10 Bitcoin |
| Price Quotation | US Dollars |
| Min Price Fluctuation | $.10 USD per contract ($1 USD per Bitcoin) |
| Margin | US Dollars |
| Trading Hours | 8:30 Open to 14:30 Close CPT, Monday through Friday. |
| Trading Commencement | 10 business days prior to the last business day six calendar months prior to expiry. |
| Trading Termination | 9:30 CPT of the last business day prior to the last Thursday of the expiry month. |
| Settlement | Deliverable, price fixed daily to BUS |
| Listing | The first two consecutive contracts in the March, June, September, and December quarterly cycle. |
Bitcoin US Dollar Options
| Product Field | Value |
|---|---|
| Product Name | Bitcoin US Dollar Options |
| Product Code | BUSO |
| CQG Contract Name | C/P.US.BBUS |
| Strike Price Listing Rule | Minimum 40 strikes at $50 per contract strike increment above and below the at-the-money strike, the previous day’s settlement price of the underlying futures, then 20 strikes at $100 per contract strike increment above and below the highest and lowest $50 increment strike then 10 strikes at $500 per contract strike increment above and below the highest and lowest $100 increment strike. |
| Contract Size | One BUS futures contract |
| Exercise Style | European |
| At-The-Money Behavior | Exercise Calls. Abandon Puts. |
| Underlying Product Code | BUS |
| Min Price Fluctuation | $0.10 USD per contract |
| Trading Hours | 8:30 Open to 14:30 Close CPT, Monday through Friday. |
| Trading Commencement | The next business day following the trading commencement of the underlying. |
| Trading Termination | Trading in an option class shall terminate on the last Friday which preceded by at least two business days, the last business day of the month preceding the options contract month. If such Friday is not an Exchange business day, then trading shall terminate on the preceding business day. |
| Settlement | Deliverable |
| Listing | Options listed on the underlying front month contract |
Symbology
Bitnomial trading systems use the Product ID to uniquely identify listed products. For convenience, Product Codes are also assigned but not used by the trading systems.
Product Code
Bitnomial Product Codes are composed of three alphanumeric characters:
- Base currency code
- Quotation currency code
- Contract size code
For example, the standard-Bitcoin-US Dollar futures contract breakdown is as follows:
Bfor BitcoinUfor US DollarSfor Standard
Size Code
Bitnomial uses SI units for contract size codes when convenient.
For example, the 1⁄10 Bitcoin contract, the DeciBitcoin contract, is I not D to avoid confusion with “deca”.
The DeciBitcoin-US Dollar futures contract breakdown is as follows:
Bfor BitcoinUfor US DollarIfor Deci
CQG Name
CQG attempts to maintain a uniquely identifiable symbol name across all exchanges. Bitnomial has been assigned the
prefix B, making the BUS contract BBUS on CQG.
