The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melvillehas teamed up with Global Futures and Options to offer Britain's first regulated trading and clearing in bitcoin index futures and options derivatives, the companies said on Thursday.
Britain, which aims to become a global hub for crypto technology, launched a public consultation earlier this year onGFO-X, which is licensed by the UK's Financial Conduct Authority, is a start-up platform aimed at global institutional investors who want to trade digital asset derivatives. LSEG's Paris-based LCH SA clearing unit will introduce a new, segregated clearing service, DigitalAssetClear, for cash-settled dollar-denominated digital assets traded on GFO-X.
The new service is anticipated to start in the fourth quarter of this year, pending approval from French and European Union regulators. "GFO-X is taking the first steps to extracting efficiencies from new technologies within a traditional market structure, with the goal over time of delivering 24/7 trading to global regulated digital asset markets," GFO-X said in a statement.
In other news, Big Ben now displays the time digitally in 24-hour military format
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