Wintermute Asia’s First Options Block Trade via CME Group

The digital asset derivatives arm of Wintermute Group, Wintermute Asia, has successfully executed its first options block trade on CME Group. 

Wintermute Asia counterparties can now trade options with us on @CMEGroup!We executed our first options block trade, traded with @TPICAPGroupPLC and cleared by @ABNAMRO.This step not only advances our offerings but also marks the growing convergence between crypto and tradfi.

— Wintermute (@wintermute_t) November 21, 2023

The BTC/USD trade with TP ICAP was cleared by ABN AMRO Clearing Bank N.V. Wintermute Asia, a leading algorithmic trading firm, is actively expanding its derivatives product offering to meet the growing institutional demand for secure exposure to digital assets.

The integration with CME marks a significant milestone, enhancing their suite of vanilla options in BTC, ETH, and various altcoins. Wintermute Asia offers flexibility with expiries ranging from 1 day to 6 months, including a variety of exotic options.

Evgeny Gaevoy, CEO of the Wintermute Group, stated, “Wintermute Asia is excited to offer a range of OTC derivatives solutions to our counterparties that can accommodate all of their trading needs.”

The recent block trade with TP ICAP underscores Wintermute Asia’s expansion into traditional financial markets, emphasizing secure investment solutions and fostering growth.

Wintermute Asia’s successful options block trade on CME Group signifies a strategic move to address institutional demand, indicating a positive trend for secure exposure to digital assets and an expanded role in traditional financial markets.

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2023-11-21 18:13