The second major security based on bitcoin is setting up to trade on the CME.
The CHICAGO MERCANTILE EXCHANGE Group, one of the USA's most significant exchanges of options and futures ,made available bitcoin futures for trading at 6 p.m. EST Sunday. The initial price for bitcoin futures was $20,650, and the electronic currency was trading at $20,135 at 6:08 p.m. EST.
The virtual currency has exploded in popularity and equity this year although drawing fears about its unpredictability.
The CME bitcoin derivatives, like the bitcoin futures that now trade on the Chicago Board Options Exchange, do not engage actual bitcoin. They will trace an index of bitcoin price. Each contract will be for 5 bitcoin.

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Perhaps the most impactful aspect of the launch of bitcoin futures contracts on the CME and CBOE is that it has opened bitcoin up to the entire institutional investment community.
The letter suggests that the Bitcoin price didn't collapse overnight after the futures launch by CBOE and CME due to relatively low trading volume of Bitcoin in the futures market. Futures and futures options trading services provided by TD Ameritrade Futures & Forex LLC. A hypothetical CME bitcoin futures contract would have a notional value of about $80,000 (five bitcoin per contract multiplied by the market price of $16,000).

A CFD is a contract between a buyer and a broker.
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