RE: Bitcoin Price Forecast 1/25/2018
The CBOE I believe- Chicago Board Options Exchange.
And you are confused about the CME my friend they SETTLE on the 31st but trading stops the last Friday of the contract month :
"Jan 2018 (contract month)
BTCF18 (product code)
15 Dec 2017 (first trade)
26 Jan 2018 (last trade)
31 Jan 2018 (settlement)"
Source
This is from the CBOE:
"Termination of Trading:
Trading hours for expiring XBT futures contracts end at 2:45 p.m. Chicago time on the Final Settlement Date.
The expiring XBT future will be put in a closed state at 2:44:59 p.m. Chicago time on its Final Settlement Date. As a result, no Orders, quotes, or Order modifications in the expiring XBT future will be accepted by the Cboe System at or after 2:44:59 p.m. Chicago time on its Final Settlement Date. The Cboe System will complete the processing of any trades in the expiring XBT future on its Final Settlement Date that are matched by the Cboe System and that the Cboe System begins to process prior to 2:44:59 p.m. Chicago time. The Cboe System will not process any trades in the expiring XBT future on its Final Settlement Date that the Cboe System does not match and begin to process prior to 2:44:59 p.m. Chicago time.
Final Settlement Date:
The Final Settlement Date for "weekly" XBT futures is two business days prior to the Friday of the week denoted by the ticker symbol. The Final Settlement Date for "serial" and "quarterly" XBT futures is two business days prior to the third Friday of the month denoted by the ticker symbol. These Final Settlement Dates apply regardless of whether one of the above-referenced Fridays is a CFE holiday.
If the Final Settlement Date is a CFE holiday, the Final Settlement Date shall be the business day immediately preceding the holiday. "
Source
Thank you very much ! I did not know about trading end and settlement difference.
So today trading ends for XBT futures and we can expect people to either sell their btc or short the next future in order to secure the next future-spot difference.
Probably both. Which will mean that btc should become very volatile today. Right ?