The Chicago Mercantile Exchange (CME Group) has just announced the launch of contracts expiring every business day Monday through Friday, joining the list of standard and micro-traded options on Bitcoin and Ethereum.
The expansion of the range of instruments will reportedly take place on May 22, and still needs to be approved by regulators.
The new contracts will complement the existing monthly and quarterly expiration dates available for all futures-based options.
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Recall that instruments with Monday, Wednesday and Friday expirations have previously been added.
Giovanni Vicioso, global head of crypto products at CME Group, has said:
"We are pleased to offer these new options contracts to provide market participants with greater precision and versatility in managing short-term Bitcoin and Ether price risk."
Institutional market makers will for the first time be able to provide full liquidity to market participants of all sizes, according to Paul Eisma, director of options trading at XBTO.