Matthew MacFarland, managing director of Chicago Board of Options Exchange, informed about probable change of the futures price increment for bitcoin. As CoinDesk informs, that was declared in a written appeal to the US Futures Trading Commission (CFTC).
The cost of bitcoin will change from 10 to 5 points. This event will take place after May, the 1.
Matthew MacFarland is absolutely sure that it would have a positive effect on the XBT-futures market. The proposed changes will not affect the spread transactions where investors purchase or sell two different contracts at the same time. It will touch upon only those who acquire one contract in order to put money on a specific development of events. AS it follows from the words of MacFarland, Chicago Board Options Exchange is sure that the given changes will bring benefits to participants of the cryptomarket.
Recently CME Group published the bitcoin futures report, which informed about the following fact: large speculators purchased 1,077 contracts for bitcoins, and sold 1315 ones. At the same time, the number of short positions exceeded the number of longs by 46%.