Wintermute Asia completes first block trade of options via CME Group

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Wintermute Asia, a branch of the algorithmic trading firm Wintermute Group, has executed its first options block trade through CME Group, marking a significant collaboration between crypto and traditional financial markets.

Wintermute Asia, a subsidiary of the algorithmic trading giant Wintermute Group, marked a significant milestone in the landscape of cryptocurrency derivatives trading.

On Tuesday, the firm announced its first successful execution of an options block trade through the CME Group, a noteworthy event in the realm of digital assets. This pioneering BTC/USD block trade, facilitated between Wintermute Asia and TP ICAP, was cleared by ABN AMRO Clearing Bank.

Sam Newman, TP ICAP’s head of digital assets broking, emphasized the importance of such developments, noting the “exciting market” and the “maturation” it is undergoing.

CME Group, a Chicago-based derivatives exchange partnered with crypto indexing company CF Benchmarks in August to provide Asian-Pacific reference rates for key cryptocurrencies like Ether (ETH) and Bitcoin (BTC).

Giovanni Vicioso, CME Group’s global head of cryptocurrency products, expressed enthusiasm in offering Wintermute and its counterparts a “highly liquid, regulated suite” of cryptocurrency futures and options.

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