CHICAGO, Dec. 19, 2017 /PRNewswire/ -- High volume futures broker Advantage Futures continues onboarding new accounts to trade Bitcoin futures. Advantage offers clients both Cboe and CME Group Bitcoin futures.
"Bitcoin futures rank among the more unique and highly anticipated new products in years," said Advantage SVP Terry Duffy. "Advantage continues to experience significant interest among our clients. We were well-prepared for both exchange launch dates and pleased to provide clients the opportunity to trade these dynamic futures from both the long and short side of the market."
"Clients need to be particularly cautious in trading these volatile new products. Our exceptionally talented risk team is well-positioned to monitor and manage the risk posed by these products around the clock," explained CEO Joe Guinan. "Their efforts are supported by the responsible margin levels set by the Cboe and CME Group."
"Listing Bitcoin futures on these regulated and well-managed global exchanges should dampen volatility and increase transparency regarding its real value," continued Guinan. "This is an important benefit for the Bitcoin-owning public."
"There are an infinite number of possible cryptocurrencies, which casts a large shadow over any of them as investment opportunities. Their volatility undermines their utility as vehicles of foreign exchange. Distributed ledger technology may have other significant business applications, although it seems ill-suited as a medium for high volume and speedy transactions; nevertheless, if clients want to trade Bitcoin futures, we are well-equipped to serve them," Guinan stated.
Cboe and CME Group launched Bitcoin futures on December 10 and 17, respectively.
Contact an Advantage Futures representative at 312.800.7000 to open an account.
Advantage Futures ranks among the high volume futures brokers in the industry—processing over 3.8 billion contracts since inception in 2003. Advantage continues to expand its diverse client base by striving to deliver the highest level of client service. Our exceptional technology support, experienced risk management and responsive back office operations combine to provide comprehensive, technology-driven clearing and execution services over robust and redundant network infrastructure. For more information visit: www.AdvantageFutures.com
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SOURCE Advantage Futures