TradeStation Securities, Inc., a Monex Group company and award-winning* broker-dealer and futures commission merchant, now offers its futures clients the ability to trade futures contracts on Ether, the world’s second-largest cryptocurrency by market value, through CME Group (CME).
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, and is being offered to answer the growing customer demand for additional regulated cryptocurrency products.
“We are pleased TradeStation is supporting the launch of our new Ether futures contract on day one,” said Tim McCourt, Global Head of Equity Index and Alternative Investment Products at CME Group. “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.
“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 markets,” said John Bartleman, President of TradeStation Group, Inc., TradeStation’s parent company. “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.”