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Regulators Allow Option Trading On Bitcoin: The First Step Towards Smoothing Volatility

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Regulators Allow Option Trading On Bitcoin: The First Step Towards Smoothing Volatility

Introduction

This article was posted on Monday, 22:48, UTC.

The U.S. Commodity Futures Trading Commission (CFTC) announced over the weekend that it has issued a registration order to LedgerX LLC (LedgerX), granting it status with the CFTC as a Swap Execution Facility (SEF). These terms are opaque to most, but they are very important if you trade digital currency. It is important because many US based Funds currently are not able to commit capital without a mountain of paperwork and side pocket deals within the funds.  This passage makes it clean, and I fully expect volatility to start to tighten day one when active trading begins. The Details The…

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Steve Kanaval

Steve Kanaval

Steve began his career at the Chicago Mercantile Exchange in 1980 and ran Morgan Stanley Derivative Prop Trading for the firm. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90's. Steve is known as an expert in trading stocks and digital currency and has published thousands of articles and archived video with important market participants related to US Equities, private shares, and crypto currency. He offers a humorous, unique insight related to volatile stocks and the related back stories and drivers. He is a featured speaker on the conference circuit specializing in market volatility, liquidity and emerging market assets.

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