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<p class="is-style-lead">Wintermute Asia, a branch of the algorithmic trading firm Wintermute Group, has executed its first options block trade through CME Group, marking a significant collaboration between crypto and traditional financial markets.</p>
<p>Wintermute Asia, a subsidiary of the algorithmic trading giant <a href="https://crypto.news/tag/wintermute/" data-type="link" data-id="https://crypto.news/tag/wintermute/" rel="noopener noreferrer nofollow">Wintermute Group</a>, marked a significant milestone in the landscape of cryptocurrency derivatives trading.</p>
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   <p lang="en" dir="ltr">Wintermute Asia counterparties can now trade options with us on <a href="https://twitter.com/CMEGroup?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@CMEGroup</a>!<br><br>We executed our first options block trade, traded with <a href="https://twitter.com/TPICAPGroupPLC?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@TPICAPGroupPLC</a> and cleared by <a href="https://twitter.com/ABNAMRO?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@ABNAMRO</a>.<br><br>This step not only advances our offerings but also marks the growing convergence between crypto and tradfi. <a href="https://t.co/fruz4MnCcg" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/fruz4MnCcg</a></p>— Wintermute (@wintermute_t) <a href="https://twitter.com/wintermute_t/status/1726966077928911333?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 21, 2023</a>
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<p>On Tuesday, the firm <a href="https://wintermute.com/wintermute-asia-announces-integration-with-cme-group-executing-its-first-block-trade?utm_campaign=CME%20Options&amp;utm_source=twitter&amp;utm_medium=social" data-type="link" data-id="https://wintermute.com/wintermute-asia-announces-integration-with-cme-group-executing-its-first-block-trade?utm_campaign=CME%20Options&amp;utm_source=twitter&amp;utm_medium=social" target="_blank" rel="noopener noreferrer nofollow">announced</a> its first successful execution of an options block trade through the CME Group, a noteworthy event in the realm of digital assets. This pioneering BTC/USD block trade, facilitated between Wintermute Asia and TP ICAP, was cleared by ABN AMRO Clearing Bank.</p>
<p>You might also like: <a href="https://crypto.news/wintermute-highlights-talent-movement-between-crypto-and-traditional-finance/" rel="noopener noreferrer nofollow"> Wintermute highlights talent movement between crypto and traditional finance </a></p>
<p>Sam Newman, TP ICAP’s head of digital assets broking, emphasized the importance of such developments, noting the “exciting market” and the “maturation” it is <a href="https://crypto.news/markets/" data-type="link" data-id="https://crypto.news/markets/" rel="noopener noreferrer nofollow">undergoing</a>.</p>
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<p>CME Group, a Chicago-based derivatives exchange partnered with crypto indexing company CF Benchmarks in August to provide Asian-Pacific reference rates for key cryptocurrencies like Ether (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) and Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>).</p>
<p>Giovanni Vicioso, CME Group’s global head of cryptocurrency products, expressed enthusiasm in offering Wintermute and its counterparts a “highly liquid, regulated suite” of <a href="https://crypto.news/cme-overtakes-binance-as-leading-bitcoin-futures-exchange/" data-type="link" data-id="https://crypto.news/cme-overtakes-binance-as-leading-bitcoin-futures-exchange/" rel="noopener noreferrer nofollow">cryptocurrency futures</a> and options.</p>
<p>Read more: <a href="https://crypto.news/crypto-market-makers-profits-rapidly-shrinking-amid-liquidation-legal-woes/" rel="noopener noreferrer nofollow"> Crypto market makers’ profits rapidly shrinking amid liquidation, legal woes </a></p>

Wintermute Asia completes first block trade of options via CME Group

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