CME Group has published the specification of the futures on bitcoin

THE BITCOIN NEWS.
THE GOOGLE TRANSLATOR.
Group Chicago Mercantile exchange (CME Group) has published the specification of futures contracts on the bitcoin, the launch of which is expected in the last quarter of the current year.
#Bitcoin futures contract specifications are now available. Learn about tick size, block thresholds and more. https://t.co/qiEE1BrPVF pic.twitter.com/njOVqAZPxe
— CMEGroup (@CMEGroup) 7 fall 2017 R.
As noted on the website of the stock exchange, one futures contract would have five bitcoins and payment after expiry are to be made on the basis of the so-called price-benchmark (Bitcoin Reference Rate; BRR). The latter is a reference rate of bitcoin against the U.S. dollar, CME Group drawn up according to cripture Bitstamp, GDAX, Kraken and itBit.
For these futures, the CME has established the following so-called "strips" (Price Limits; limits on price fluctuations):
if you change the price of the futures contract from the close of the previous session by 7% and 13% respectively, the trade will be consistently suspended for two minutes;
the same change 20% the auction will be stopped until further orders.
Minimum price fluctuation (“tick”) is set at $5 per bitcoin ($25 per contract). Limit contracts (the maximum number of futures contracts, which can hold one person or group of associated persons) for the spot position is 1,000.
As you know, CME Group is one of the world's largest options and futures exchanges and the operator of stock indices S&P 500 and Dow Jones Industrial Average.
ForkLog previously reported that CME Group intends to launch trading in futures on bitcoin to the end of the current year, after receipt of approval from the financial regulator.