Enigma Securities partners with CME Group to offer Bitcoin futures and options

13 Jul, 2020

Enigma Securities, a digital asset-focused liquidity facilitator, as well as banking relations and custody solutions provider, partners with CME Group, a leading derivatives marketplace. With this partnership, Enigma Securities expands its execution services to Bitcoin futures and options.

Enigma Securities: Regulated, liquidity provider offering Bitcoin futures and options

Enigma Securities specializes in electronic execution services. Established 2017 as part of the international brokerage firm Makor Group, Enigma Securities is a regulated, liquidity provider. As such, the brokerage firm headquartered in London meets institutional standards in banking relations and custody solutions.

Through its trading platform and API access, the financial institution offers institutional and corporate clients digital asset-related services. The full-stack financial institution model bridges the gap between traditional financial services and digital assets.

As part of its strong standing in the digital asset market, the liquidity provider now expands its services to provide Bitcoin futures and options.

CME Group: Leading derivates marketplace

The CME Group provides a leading derivates marketplace. It is made up of four exchanges: CME, CBOT, NYMEX, and COMEX. Among its product suite, CME’s ClearPort platform offers flexible clearing services for the global OTC market.

The platform clears more than 300,000 contracts daily. Moreover, CME ClearPort processes transactions across 1,800 listed contracts over multiple asset classes. ClearPort has more than 17,000 registered users. Among them are hedge funds, commercial and banking organizations. CME ClearPort users get paired with futures commission merchants (FCMs) and clearing firms.

CME’s platform and Enigma Securities’ network: Offering Bitcoin futures and options

Enigma Securities partners with CME Group as they expand into Bitcoin futures and options. With the CME ClearPort platform, Enigma can offer block trading of CME Bitcoin derivatives. These become accessible for institutional market participants.

Thus, Enigma Security will give their large network of traditional financial institutions access to digital assets. Jordan Ettedgui, Head of Trading at Enigma Securities, commented on the service addition:

“Our core competency in equity derivatives naturally leads to a strong commitment to crypto derivatives execution services. We are very excited to officially offer our clients access to Bitcoin Futures and Options through the world’s leading and most diverse derivatives marketplace.”

Enigma Security will now offer access to deep liquidity in CME-cleared Bitcoin derivatives. With it, Enigma continues to offer services for a growing institutional demand for digital asset trading.

Source: PR Newswire

 

For more news on companies bridging the gap between traditional financial services and digital asset markets, please visit: https://digital-assets-custody.com/copper-launches-new-service-to-create-securitized-token/

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