On May 29, CME opens crypto derivatives trading 24 hours a day, 7 days a week. One problem: if Bitcoin crashes at 3am on a Saturday, CME has to manage that margin call instantly, and every bank in America is asleep.
The world’s largest derivatives exchange just dragged traditional finance into a stress test it doesn’t have the plumbing for. [RELEASE]
In February, CME Group said what traders have been begging for: 24/7 crypto futures and options, live on Globex starting May 29. Continuous trading, one two-hour maintenance window per week, done.
