New XRP futures contracts offer capital-efficient access and precision for digital asset traders
PLANTATION, Fla.--(BUSINESS WIRE)--TradeStation Securities, Inc. (“TradeStation”), an award-winning†, self-clearing online brokerage firm for trading stocks, options, futures, and options on futures, today announced it has added CME Group's new XRP futures contracts to its suite of offerings.
With this addition, TradeStation continues to expand its suite of cryptocurrency derivatives, offering eligible clients access to both micro-sized (2,500 XRP) and large-sized (50,000 XRP) XRP futures contracts.
“As demand for regulated crypto derivatives continues to grow, TradeStation Securities is committed to providing traders with direct access to high-demand crypto derivative products through the regulated futures market,” said James Putra, SVP, Head of Product Management, TradeStation Group, Inc. “TradeStation Securities is happy to expand its capabilities with CME Group’s XRP contracts. This provides another opportunity for traders to engage with one of the most actively traded digital assets in the market, while further diversifying their portfolios.”
“We are pleased that TradeStation Securities is providing its broad client base with access to our XRP futures suite,” said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. “As traders continue to seek access to regulated crypto products, we look forward to continuing to help them access the liquid and capital-efficient tools needed to support their investment and hedging strategies.”
The XRP futures contracts are cash-settled and based on the CME CF XRP-Dollar Reference Rate, a once-a-day reference rate of the U.S. dollar price of XRP, published daily at 4:00 p.m. London time.
This product announcement follows TradeStation’s recent successful expansion of its futures lineup, including CME Group’s newly launched micro-sized grains and oilseed contracts, as well as Micro WTI Crude Oil futures.
To learn more about TradeStation Securities or to open an account, please visit TradeStation.com.
About TradeStation Securities, Inc.
Founded in 1995, TradeStation Securities, Inc. (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC, NFA & CME) offers self-clearing equities, options, futures, and futures options brokerage services as a licensed securities broker-dealer and futures commission merchant and is a member of major equities and futures exchanges in the United States.
About TradeStation Group, Inc.
Founded in 1982, TradeStation Group companies provide institutional-grade fintech tools and account-related services – and are where traders can find their home. TradeStation Group, Inc. is the parent company of several subsidiaries, including TradeStation Securities, Inc. and TradeStation Technologies, Inc. TradeStation Group companies seek to deliver the ultimate trading experience to retail and institutional clients that need a customizable trading ecosystem to perform their strategies. TradeStation Technologies provides award-winning† trading and analysis platforms through TradeStation Securities’ self-clearing online brokerage services for equities, options, futures, and futures options. These advanced trading tools are accessible on desktop, web, and mobile devices, as well as via API technologies that provide seamless access to TradeStation Securities’ brokerage environment through third-party platforms. Created by traders, for traders, TradeStation Group companies’ institutional-level offerings cater to those who are born to trade. Learn more about TradeStation Group companies.
†Visit www.TradeStation.com/Awards to learn more.
*Futures trading is not suitable for all investors. To obtain a copy of the futures risk disclosure statement visit Investment and Trading Disclosures Booklet – Futures.
CME Group is not affiliated with TradeStation Group, Inc. or its affiliates.
Trading involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com/important-information. Diversification and asset allocation do not ensure future performance, success, or a guarantee against loss.
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