Wintermute Asia Processes Its First Options Block Trade Through CME Group
Summary
Wintermute Asia, a derivative trading arm of Wintermute Group, has conducted its first options block trade via the Chicago Mercantile Exchange (CME), the world's second largest futures exchange. The trade was conducted between Wintermute Asia and the traditional finance entity TP ICAP, and was cleared by ABN AMRO Clearing Bank. Wintermute Asia stated this trade is part of their new products designed to cater to the growing institutional interest in digital assets. Almost 80% of the market is dominated by crypto derivatives trading compared to spot trading as of September.
