ICE Futures and Options | Product Guide
- Trading Screen Product Name
- Bakkt BTC (USD) Monthly Future
- Trading Screen Hub Name
- ICUS
- Contract Symbol
-
BTM
- Contract Size
-
1 Bitcoin
- Price Quotation
-
US Dollars per bitcoin, to two decimal places
- Minimum Price Fluctuation
-
$2.50 per bitcoin ($2.50 per contract).
Block Trades may be executed at $0.01 per bitcoin ($0.01 per
contract). - Daily Price Limit
-
None
- Listing Cycle
-
Up to 12 consecutive contract months
- Final Settlement
-
Physical Delivery in the Bakkt Warehouse
- Delivery Locations
-
Bakkt Warehouse
- Last Trading Day
-
The business day prior to the Delivery Day for the contract
month.
Trading in the expiring contract month ceases at 2:30 pm NY time on
the Last Trading Day - Last/Only Delivery Day
-
Up to and including the January 2022 expiry month: the third Friday
of the contract month.For the February 2022 and later expiry months: the last Friday of
the contract month. - Off Exchange Trade Types
-
EFRP and Block Trades permitted
- Block Trade Minimum
-
10 lots
- NCR, RL and IPL Levels
-
NCR – $300.00
RL – $750.00
IPL – $1,500.00, 5 second recalculation and hold periods. - Daily Settlement Window
-
4:58 to 5:00 pm EPT
- Position Limit
-
Spot Month Position Limit – 25,000 lots.
Position Accountability Level – 25,000 lots in any month and in all
months combined. - MIC Code
- IFUS
- Clearing Venues
- ICUS
