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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 Wintermute Group, 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 <a rel="noopener noreferrer nofollow" title="trade" href="https://thebittimes.com/tag/trade.html">trade</a> <a rel="noopener noreferrer nofollow" title="options" href="https://thebittimes.com/tag/options.html">options</a> with us on @CMEGroup!<br><br>We executed our first <a rel="noopener noreferrer nofollow" title="options" href="https://thebittimes.com/tag/options.html">options</a> <a rel="noopener noreferrer nofollow" title="block" href="https://thebittimes.com/tag/block.html">block</a> <a rel="noopener noreferrer nofollow" title="trade" href="https://thebittimes.com/tag/trade.html">trade</a>, <a rel="noopener noreferrer nofollow" title="trade" href="https://thebittimes.com/tag/trade.html">trade</a>d with @TPICAPGroupPLC and cleared by @ABNAMRO.<br><br>This step not only advances our offerings but also marks the growing convergence between crypto and tradfi. pic.twitter.com/fruz4MnCcg</p>— Wintermute (@wintermute_t) November 21, 2023
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 <p>On Tuesday, the firm announced its first successful execution of an <a rel="noopener noreferrer nofollow" title="options" href="https://thebittimes.com/tag/options.html">options</a> <a rel="noopener noreferrer nofollow" title="block" href="https://thebittimes.com/tag/block.html">block</a> <a rel="noopener noreferrer nofollow" title="trade" href="https://thebittimes.com/tag/trade.html">trade</a> through the CME Group, a noteworthy event in the realm of digital assets. This pioneering BTC/USD <a rel="noopener noreferrer nofollow" title="block" href="https://thebittimes.com/tag/block.html">block</a> <a rel="noopener noreferrer nofollow" title="trade" href="https://thebittimes.com/tag/trade.html">trade</a>, facilitated between Wintermute Asia and TP ICAP, was cleared by ABN AMRO Clearing Bank.</p>
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 <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 undergoing.</p>
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  <div class="wp-block-embed__wrapper"><iframe title="Gate Institutional AMA Series 5 - Wintermute Insights on Liquidity Provisioning in Crypto Trading" width="1020" height="574" src="https://www.youtube.com/embed/OsWe0AP_8gg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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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 (ETH) and Bitcoin (BTC).</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 cryptocurrency futures and options.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/wintermute-asia-completes-first-block-trade-of-options-via-cme-group-tbt71113.html">https://thebittimes.com/wintermute-asia-completes-first-block-trade-of-options-via-cme-group-tbt71113.html</a></p>

Wintermute Asia completes first block trade of options via CME Group

TheBitTimes

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