By Filippo Lecchini
The return of the king
Often at the end of 2016 we discussed and mentioned the bottoming oil prices. At the time OPEC (https://en.wikipedia.org/wiki/OPEC) was desperate for getting a spike in demand by curbing production, often with mixed results.
Based on extensive customer input, CME Group has launched 3-Month and 1-Month SOFR futures contracts. Endorsed by the Alternative Reference Rate Committee (ARRC) in June 2017, the Secured Overnight Financing Rate (SOFR) is a broad Treasuries overnight repo financing rate published by the Federal Reserve Bank of New York in cooperation with the U.S. Office of Financial Research starting April 3, 2018.
Author, Russell Rhoads
Cboe XBT Bitcoin futures were launched in December to much fanfare. The spot bitcoin price had run up in anticipation of the futures market opening and gave up a bit part of that gain during the first few weeks of trading. The chart below shows the daily Gemini 4 pm US Eastern time auction prices for bitcoin.