TradeStation now offers Ether futures trading through CME
TradeStation Securities, Inc, a part of Monex Group, Inc. (TYO:8698), today announces that it is now offering its clients the ability to trade Ether futures contracts through CME Group.
As FX News Group has reported, CME Group today launched Ether futures. CME’s addition of Ether futures follows the significant growth and success of its Bitcoin options and futures products introduced in January 2020 and December 2017, respectively. The new offering responds to the growing customer demand for additional regulated cryptocurrency products.
Tim McCourt, Global Head of Equity Index and Alternative Investment Products at CME Group, commented:
“We are pleased TradeStation is supporting the launch of our new Ether futures contract on day one. Since the launch of our Bitcoin futures more than three years ago, the broker community has played an important role in not only facilitating trading but educating institutional and professional traders on the benefits of crypto derivatives.
The addition of CME Ether futures will provide market participants with a valuable tool to trade and hedge this growing cryptocurrency, and we look forward to continuing to work with TradeStation and others to expand the trading ecosystem around this new hedging tool.”
TradeStation clients can now trade Ether futures through its TradeStation platform as well as its TradeStation FuturesPlus platform. Both platforms provide cutting-edge visualization and analysis tools coupled with TradeStation’s simplified pricing, educational offerings and committed customer service.
John Bartleman, President of TradeStation Group, Inc, explains:
“Amidst explosive price fluctuations and Bitcoin’s recent all-time high near $40,000, we’re thrilled to offer our futures clients another tool to participate in what may well be another turning point in the virtual currency market. We’ve stood by CME’s side since 2017 to support trading of its virtual currency derivative products and look forward to our continued relationship to meet the increasing client demand for trading in these markets.”
