Cboe to launch bitcoin futures next week — free of charge

Cboe Global Markets, one of the world’s largest exchange operators, will offer investors the chance to bet on the future price of bitcoin from next week …

Cboe Global Markets, one of the world’s largest exchange operators, will offer investors the chance to bet on the future price of bitcoin from next week at no initial cost.

The group will launch trading in bitcoin futures on the Cboe Futures Exchange and in partnership with Gemini Trust, a virtual-currency exchange founded by Tyler and Cameron Winklevoss.

The…

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Can These Stocks Hold the Traction? Gapping up Pre-Bell: Cboe Global Markets, Inc. (NASDAQ …

Checking on current price levels compared to prior highs and lows, we have seen that Cboe Global Markets, Inc. (NASDAQ:CBOE) was recently trading 0.87% away from the 50-day high and 20.51% removed from the 50-day low. Taking a wider view, the current separation from the 52-week high is …

Will shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) hold onto their early gains? The stock is gapping up 1.41% before market open touching $126.13 on a recent bid.

Investors may be searching high and low for the secret to attaining success in the markets. Knowing when to sell can be just as important as deciding which stocks to buy. Holding on to a loser for too long may leave a sour taste in the mouth. Investors may have unrealistic expectations about a particular name. Knowing when to cut and run can be a gigantic savior for overall portfolio health. Of course if investors end up selling winners too early, they will most likely be leaving too much profit on the table. Finding a good balance and knowing overall market conditions can help with the decision if the time has come. Closely tracking fundamentals and technicals can help give some insight into stock price behavior. Making sure company earnings are in line may also be a wise choice when investing in a recently researched stock.

Taking a look at several key technical indicators, the stock’s price is $126.13 and their relative strength index (RSI) stands at 79.38.

Checking on current price levels compared to prior highs and lows, we have seen that Cboe Global Markets, Inc. (NASDAQ:CBOE) was recently trading 0.87% away from the 50-day high and 20.51% removed from the 50-day low. Taking a wider view, the current separation from the 52-week high is 0.87%, and the distance from the 52-week low is presently 80.31%.

Since the beginning of the calendar year, Cboe Global Markets, Inc. (NASDAQ:CBOE)’s stock has changed 68.16%. Over the last five trading sessions, the stock has moved 3.43%. For the past month, Cboe Global Markets, Inc.’s stock has been 10.32%, 23.09% for the last quarter, 42.98% for the past six months and 78.83% for the past 52 weeks.

Automatic Data Processing, Inc. (NASDAQ:ADP) are gapping up 1.43% pre-market with a price of $114.59 on the stock.

Successfully tackling the equity markets may involve owning a wide range of stocks. Some investors may prefer growth stocks while others may opt for value stocks. Having a good mix of both types may help build of solid foundation for the portfolio. Investors may choose stocks in a specific industry that is gaining strength. If the industry is on the rise, the portfolio may be more likely to succeed. Finding companies that are considered leaders in their field may also be on the investor checklist. A company that has a large presence may help ease investor worry, especially in a down market climate. Finding the perfect stocks to add to the portfolio may not always be easy, and in fact it may be quite difficult. Investors may have to lay out goals to help keep things on track for both the short-term and the long haul.

Analyst Outlook

The consensus analysts recommendation at this point stands at 2.80 for Automatic Data Processing, Inc.. This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. Further, analysts have a 12 month target price of $111.95 on company shares. This is according to the analysts polled by Thomson Reuters which have recently published research reports on the firm.

The equity stands -5.90% away from the 52-week high and 21.76% from the 52-week low. The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 60.38.

With the recent move, the stock now boasts a market cap of 50300.25and a beta of 0.88.

Cboe is racing to launch bitcoin futures trading ahead of rival CME

Cboe and its cross-town rival CME Group got clearance from the US Commodity Futures Commission on Friday to launch bitcoin futures, which would allow investors to bet on the future price of the red-hot digital currency. CME announced Friday it would launch bitcoin futures on December 18. Ed Tilly …

traders cboeTraders in the Standard & Poor’s 500 stock index options pit at the Chicago Board Options Exchange (CBOE) fill orders.Scott Olson/Getty

  • Cboe Global Markets announced Monday it will offer trading of bitcoin futures on December 11.
  • Chairman and CEO Ed Tilly told Business Insider that the firm is prepared to “redesign and relaunch” bitcoin futures, if appropriate.

Cboe Global Markets, the Chicago-based options and derivatives exchange, announced Monday it’ll offer trading of its bitcoin futures product on December 11.

Cboe and its cross-town rival CME Group got clearance from the US Commodity Futures Commission on Friday to launch bitcoin futures, which would allow investors to bet on the future price of the red-hot digital currency. CME announced Friday it would launch bitcoin futures on December 18.

Ed Tilly, chairman and chief executive officer of Cboe Global Markets, described the interest in bitcoin futures as unprecedented.

“It has really been the driving force,” Tilly told Business Insider.”We are not new to launching new products so this is remarkable.”

Tilly declined to comment on the degree to which that interest will translate into trading volume. Still, he said the firm designed the product to ensure it’ll provide the best, most liquid market.

“We dedicated significant time hardening our systems, talking with market makers, and this will continue to be a work in progress,” he said. “With other products we’ve gone back, we’ve redesigned, we’ve relaunched.”

Tilly said the firm is being intentional and taking a “disciplined and measured approach.”

Trading for bitcoin futures on Cboe will be free throughout the month of December and will trade under the symbol “XBT.”

Terry Duffy, the CEO of CME, said the path forward for bitcoin futures is relatively uncertain.

“Though we have worked through a lengthy, comprehensive process with the CFTC to get to this point, we recognize bitcoin is a new, uncharted market that will continue to evolve, requiring continued collaboration with the Commission and our clients going forward,” he said in a statement.

As for bitcoin, the cryptocurrency itself is up more than 1,000% at $11,389 at last check.

Get the latest Bitcoin price here.>>

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Cboe Global Markets, Inc. (CBOE) Reaches $123.61 52-Week High; NANOSONICS LTD SYDN …

The stock of Cboe Global Markets, Inc. (NASDAQ:CBOE) hit a new 52-week high and has $133.49 target or 8.00% above today’s $123.61 share price.

December 4, 2017 – By wolcottdaily

NANOSONICS LTD SYDN (OTCMKTS:NNCSF) had a decrease of 10.89% in short interest. NNCSF’s SI was 575,300 shares in December as released by FINRA. Its down 10.89% from 645,600 shares previously. With 1,300 avg volume, 443 days are for NANOSONICS LTD SYDN (OTCMKTS:NNCSF)’s short sellers to cover NNCSF’s short positions. It closed at $2.24 lastly. It is down 0.00% since December 4, 2016 and is . It has underperformed by 16.70% the S&P500.

The stock of Cboe Global Markets, Inc. (NASDAQ:CBOE) hit a new 52-week high and has $133.49 target or 8.00% above today’s $123.61 share price. The 5 months bullish chart indicates low risk for the $14.02 billion company. The 1-year high was reported on Dec, 4 by Barchart.com. If the $133.49 price target is reached, the company will be worth $1.12 billion more. The stock decreased 0.52% or $0.645 during the last trading session, reaching $123.605. About 328,309 shares traded. Cboe Global Markets, Inc. (NASDAQ:CBOE) has risen 34.37% since December 4, 2016 and is uptrending. It has outperformed by 17.67% the S&P500.

Nanosonics Limited, together with its subsidiaries, engages in the research, development, and commercialization of infection control and decontamination products and related technologies. The company has market cap of $629.37 million. The firm makes and distributes the trophon EPR ultrasound probe disinfector and its associated consumables and accessories for use in the treatment of healthcare acquired infections. It has a 33.43 P/E ratio. It also offers trophon consumables, such as Sonex/Nanonebulant, a proprietary disinfectant liquid with hydrogen peroxide chemistry; chemical indicators; and trophon printer rolls.

Among 20 analysts covering CBOE Holdings Inc (NASDAQ:CBOE), 8 have Buy rating, 2 Sell and 10 Hold. Therefore 40% are positive. CBOE Holdings Inc had 65 analyst reports since August 4, 2015 according to SRatingsIntel. Jefferies maintained Cboe Global Markets, Inc. (NASDAQ:CBOE) on Monday, June 26 with “Hold” rating. The rating was maintained by Barclays Capital with “Underweight” on Tuesday, August 9. The rating was upgraded by Zacks to “Hold” on Tuesday, August 25. The stock of Cboe Global Markets, Inc. (NASDAQ:CBOE) has “Hold” rating given on Sunday, August 9 by Standpoint Research. The firm earned “Hold” rating on Friday, September 9 by Deutsche Bank. The rating was initiated by RBC Capital Markets on Wednesday, December 9 with “Outperform”. The firm earned “Equal-Weight” rating on Friday, October 2 by Barclays Capital. The stock of Cboe Global Markets, Inc. (NASDAQ:CBOE) earned “Neutral” rating by Citigroup on Thursday, October 19. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 10 with “Hold”. The company was maintained on Tuesday, August 11 by Barclays Capital.

Since June 5, 2017, it had 0 buys, and 2 insider sales for $20.72 million activity. On Thursday, June 8 Mitchell Christopher sold $20.06M worth of Cboe Global Markets, Inc. (NASDAQ:CBOE) or 225,000 shares. $434,250 worth of Cboe Global Markets, Inc. (NASDAQ:CBOE) shares were sold by Tilly Edward T. On Monday, June 12 the insider Isaacson Christopher A sold $652,660.

Analysts await Cboe Global Markets, Inc. (NASDAQ:CBOE) to report earnings on February, 5. They expect $0.86 EPS, up 36.51% or $0.23 from last year’s $0.63 per share. CBOE’s profit will be $97.57M for 35.93 P/E if the $0.86 EPS becomes a reality. After $0.89 actual EPS reported by Cboe Global Markets, Inc. for the previous quarter, Wall Street now forecasts -3.37% negative EPS growth.

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CBOE beats CME to bitcoin futures launch with December 10 start

(Reuters) – Cboe Global Markets Inc will launch its bitcoin futures contract on Dec. 10, just over a week ahead of rival CME Group Inc, as the exchange …

(Reuters) – Cboe Global Markets Inc will launch its bitcoin futures contract on Dec. 10, just over a week ahead of rival CME Group Inc, as the exchange operator takes the next step toward launching an exchange-traded fund based on the digital currency.

Copies of bitcoins standing on PC motherboard are seen in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic

Bitcoin’s price has soared tenfold this year, prompting many market participants to warn of a bubble as it topped $11,000 for the first time last week.

Bitcoin futures and other derivatives would make it easier for more investors and speculators to trade the new asset class.

Cboe’s bitcoin futures contract will trade under the ticker symbol ‘XBT’ and will be cash-settled based on the auction price from cryptocurrency exchange Gemini, Cboe said on Monday. (reut.rs/2BvXvwu)

CME’s bitcoin futures contract launches Dec. 18, available for trading on the CME Globex electronic trading platform, the world’s biggest derivatives exchange said on Friday.

Cboe and CME were given approval from the Commodity Futures Trading Commission to list bitcoin futures on Friday after the rival bourses were able to show that their proposals met the necessary regulatory requirements.

The exchanges also had to agree to work together to monitor for manipulation, flash rallies, trading outages and other structural problems in the largely unregulated bitcoin cash market.

Once liquidity builds in the Cboe bitcoin futures contract and the exchanges are able to show how their oversight of the underlying market works, Cboe plans to reapply with the U.S. Securities and Exchange Commission to launch a bitcoin ETF, Chief Executive Officer Ed Tilly said in an interview on Friday.

So far, the SEC has not allowed bitcoin-based ETFs on the CBOE or elsewhere, partly because of concerns around the unregulated aspect of bitcoin.

To help guard against excessive volatility, both Cboe and CME plan to have intraday price limits and initial margin rates of 30 and 35 percent respectively.

Nasdaq Inc also plans to list a futures contract based on bitcoin in 2018, Reuters reported last week.

The cryptocurrency was last up 0.4 percent at $11,290.

Reporting by John McCrank in New York and Aparajita Saxena in Bengaluru; Editing by Shounak Dasgupta and Andrew Hay

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