Business Insider is reporting that CBOE Global Exchange, the CBOE (Chicago Board Options Exchange) plans to launch a futures contract on Ethereum by the end of 2018, even if the digital currency fell more than 80% from when he reached the roof in January. The proposed launch would bring the cryptocurrencies closer to the mainstream, allowing traders to choose between the bitcoin futures, launched by CME and CBOE in December 2017, and Ethereum, the second most popular member of this arcane asset class.
The new contract is expected to follow the underlying market of the Gemini digital exchange, similar to the future of bitcoins. The New York exchange run by the Winklevoss twins is awaiting guidance from the Commodity Futures Trading Corporation (CFTC), whose approval is vital for a successful launch. Meanwhile, CME's CEO, Terry Duffy, insists that the exchange has no plans to offer cryptocurrencies other than bitcoin "in the near future".
U.S. brokers that currently offer access to future bitcoins include Interactive Brokers, TD Ameritrade, E * TRADE, GAIN Capital Holdings, Inc. (GCAP) Forex.Com, Just2Trade and Lightspeed Trading.
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TradeStation launches a fully paid loan program
TradeStation has launched the "Fully Paid Loan Program", in which the holders of qualified accounts can participate in the lending of owned shares to other financial institutions for short selling and other commitments, taking a 50% reduction in net proceeds. Brokers have traded their customers for decades, but the opt-in program marks a revolutionary approach to sharing profits that can be copied by rivals over the next few years.
In other news, the latest version of the TradeStation mobile app for iOS has a new screen that updates account balances in real time so that customers do not have to touch an update button by offering information per second to the account. The improvement also allows customers to fund their accounts directly through the app, adding to recent revisions that include options open to interest, new graphic studies and the incorporation of volume into ticker searches.
Dukascopy Underperforms Rivals With Weak Revenues
Switzerland Dukascopy Revenues for $ 14.5 million were recorded in the first half of 2018, showing zero growth over the same period of 2017, when the company registered $ 14.9 million. The rivals have released the most impressive 2018 results so far, capitalizing on a cryptocurrency recession that has dropped bitcoins by almost 50% since the beginning of January. The broker's dependence on forex volatility has been cited for the results, with currency pairs locked in narrow bands of trading pending the impact of world trade tensions.
Pepperstone Joining Forces With Risk Management Specialist
Finance Magnates reports that the Australian Pepperstone has partnered with Chasing Returns, an automated risk management program, which gives European customers access to its much appreciated PlayMaker platform . The company describes the interface as a "psychology-based tool" that takes its cue from Metatrader 4 and serves as a commercial coach, pushing the risk management guidelines in real time. It also calculates a daily disciplinary score that allows traders to monitor progress through a variety of market environments.
The program, installed through the third-party Metatrader official, is free until the end of 2018. Iain Rogers, managing director of Pepperstone UK, advised, "We want our customers to enjoy their trading experience with Pepperstone and a key priority for us is to be able to help them manage their risk effectively. PlayMaker is an innovative solution and works on MT4, the most popular platform in the world, so it's also highly accessible. " indications on a release date for Australian customers.