New Offering will Provide Professionals and Institutions Greater Margin Efficiencies with Physical Crypto
CHICAGO, June 08, 2022–(BUSINESS WIRE)–BlockFills, a global digital asset financial services, technology and trading firm, today announced it will list cryptocurrency derivatives products from CME Group, the world’s leading derivatives exchange, on its trading ecosystems.
The new offering will solve a crucial market access problem for institutions and professional traders, enabling these groups to benefit from margin efficiencies of trading cryptocurrency derivatives from CME Group alongside spot crypto and other digital instruments, thereby allowing use of their available margin across one master account.
"Legacy financial firms, professional traders and market makers have voiced their interest in trading CME Group cryptocurrency futures and options alongside our existing suite of physical crypto products," said Neil Van Huis, partner and director at BlockFills. "This listing answers that demand—the time has come in digital assets for a more professional offering that brings the appropriate technology capabilities to institutions in a compliant manner."
"In the current environment, it’s more important than ever for institutional clients to have access to deeply liquid and regulated cryptocurrency futures and options products like ours to help manage their spot cryptocurrency price risk," said Tim McCourt, CME Group Global Head of Equity and FX Products. "With the addition of our cryptocurrency derivatives and real-time market data to the BlockFills platform, alongside existing spot crypto products, institutional clients will benefit from increased access to tools that will allow them to efficiently discover prices, transfer risk or optimize their trading strategies."
"Each day, we are helping more companies, professional traders and institutions securely engage in the digital asset markets through our reliable and efficient connectivity. We are proud to continue working with CME Group to further expand and transform the digital asset industry," said Nick Hammer, co-founder and CEO of BlockFills.
BlockFills customers can expect trading to be unveiled via beta form in the third quarter (Q3) of 2022. The trading offering will then be available for global institutions and professional traders to deploy their trading strategies and allocate capital to the growing digital asset sector.
BlockFills’ Growth
Founded in 2018, BlockFills is a global provider of end-to-end solutions for digital asset market participants, specializing in white-glove commercial lending and trading services for crypto and fiat for both institutional investors and miners. Over the past four years, the company has been building its trading infrastructure, market access and connectivity to enable global professional and institutional firms to enter the digital asset sector and gain access to the technologies, products and services that they require.
The introduction of CME Group cryptocurrency derivatives products on its trading ecosystems marks the latest in a series of expansions for BlockFills, one of the fastest growing digital asset firms in the space that provides a full suite of technology and services for global institutions. BlockFills has grown to serve professional traders and legacy financial firms who wish to build their own client-facing businesses in digital assets.
In Q1 2021, the company launched its software-as-a-service division with the introduction of its "Vision" and "Zephyr" software solutions, quickly followed by the first-of-its-kind "Phoenix" solution launch in Q3 2021, allowing institutional trading businesses to enter the digital asset market efficiently and reliably.
To reach BlockFills regarding business opportunities or to learn more about this press release, please email trade@blockfills.com, or for more information, please visit www.blockfills.com.
About BlockFills
BlockFills is a disruptive financial technology firm dedicated to the provision of end-to-end solutions for global crypto currency market participants. The Company has successfully built and deployed a cutting-edge multi-asset technology platform that solves major liquidity fragmentation problems in the marketplace. The platform provides price discovery, price aggregation, electronic order matching, smart order routing and trade reconciliation solutions for institutions in the digital spot, derivatives, and lending markets. In addition, BlockFills provides software-as-a-service (SaaS) solutions that simplify all aspects of the trade lifecycle for institutions in the sector.
RISK DISCLOSURE AND IMPORTANT INFORMATION
This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
All investing is subject to risk, including the possible loss of all of the money invested. As with any investment strategy, there is no guarantee that investment objectives will be met, and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future results.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220607006275/en/
Contacts
Media Contact for BlockFills:
Michael Grimm, Reputation Partners
michaelg@reputationpartners.com
Bridgewater’s co–chief investment officer said the U.S. economy could slow down further.
The rate of U.S. inflation reached a 40-year high of 8.6% in May as overall prices for things including rent, gas and food all remain on the rise. “I personally believe that this inflation is here to stay for quite some time,” Orman recently told CNBC, prior to the release of May’s CPI data from the U.S. Bureau of Labor Statistics. The first is a fixed rate when the purchaser buys the bond, and the second is the inflation adjustment rate, which is reset every six months based on inflation.
For the second time in three years, Tesla will split its stock, lowering its price and increasing the number of shares outstanding.
Your retirement savings are $1 million. You want $100,000 of yearly retirement income, including Social Security. Is that doable without tons of risk?
Los Angeles Capital CIO Hal Reynolds and Truist Chief Market Strategist Keith Lerner join Yahoo Finance Live to examine market sell-offs amid rising inflation and CPI data, defensive portfolio investing, the Fed's interest rate hike cycles, and spiking oil and gas prices.
Electric vehicle maker says it wants to go forward with plans for another stock split, but there's something that has to happen first.
Markets are volatile. Use these dividend stocks for peace of mind.
Friday’s consumer-price index report for May — which showed the annual headline U.S. inflation rate climbing to 8.6% in May, with few signs of having peaked — is boosting the chances of a jumbo-sized rate increase by monetary-policy makers as soon as next week, and eliciting dire warnings that central bankers have completely lost control of prices. Fed funds futures traders now see a 21% chance of a 75-basis-point hike in June, up from just 3.6% on Thursday, according to the CME FedWatch Tool. Beneath the issue of where the Fed goes from here is a much more fundamental and serious problem: Some observers fear the U.S. central bank has already effectively lost control of inflation.
Be greedy (but selective) when others are fearful.
While Apple, Nvidia, Microsoft and GOOGL stock have gone MIA, the best mutual funds bet big on medical, defense and oil stocks.
Low rates and high inflation make cash tough to hold. Look here instead.
Inflation remains white-hot. These stocks can help stop the pain.
ChargePoint, Autoliv, and QuantumScape look like excellent long-term bets, despite the near-term headwinds they face.
The U.S. hasn't yet entered a recession — which is officially defined as two consecutive quarters of negative GDP growth — but runaway inflation, stagnant wages, food shortages, rising interest rates, and geopolitical turmoil could all break this fragile economy's back in the near future. If that happens, growth stocks will fall further as value stocks become even more attractive. Altria is the top tobacco company in America.
The Nasdaq closed below the low of its follow-through day, one of many bearish signals this past week. Here's what to do.
Inflation has yet to peak and has only gotten worse since 2021, Tim Magnusson, chief investment officer of Garda Capital Partners, tells MarketWatch.
Worried about inflation? You should be — especially if you own the wrong assets and bet against S&P 500 and growth stocks.
AMD painted a bright picture of its growing market opportunity, especially in data centers, at an analyst day presentation.
Shares of several major bank stocks took a hit today after new data showed that inflation is still surging and may not have peaked yet. The Dow Jones Industrial Average had lost more than 650 points as of this writing while the Nasdaq Composite was down close to 3%. Shares of Citigroup (NYSE: C) traded 4.3% lower as of 2:25 p.m. ET today, shares of JPMorgan Chase (NYSE: JPM) were 4.2% lower, and shares of Goldman Sachs (NYSE: GS) were down 4.8%.
Since taking the reins as CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965, Warren Buffett has put on a moneymaking clinic for Wall Street. While there are no shortage of reasons for the Oracle of Omaha's sustained success, his love of dividend stocks could be the most important component. Dividend stocks are almost always profitable and time-tested.
Author
Administraroot
Related Posts
