171031 Chicago Merchantile Exchange

Screenshot 2017-10-31 10.42.53The Chicago Mercantile Exchange (CME) (also called “the Chicago Merc”) announcement:

CHICAGOOct. 31, 2017 /PRNewswire/ — CME Group, the world’s leading and most diverse derivatives marketplace, today announced it intends to launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods.

This is a big deal.  This could open the way for Wall Street, big banks and investor capital pouring into bitcoin.  At the very least, bitcoin is now on their radar.

The CME trades derivatives, mergers and acquisitions, commodities and options futures.  The old Chicago Board of Trade and NYMEX are now folded into the mix, having been acquired by the CME Group who owns the CME.