Chicago, IL, April 11, 2017 – CQG, Inc., a leading provider of trading front-end software for the broker, dealer, and FCM industry, and BCause LLC, the leading applicant for CFTC approval to become the first US-regulated exchange for trading of crypto-currency derivatives, announce their partnership to provide a market at the intersection of the crypto-currency and traditional derivatives trading spaces.
Michael Adolphi, CEO of BCause, said, “This means that on day one of trading, our products will be available on over 150,000 desktops at FCMs across the country. This agreement with CQG will provide broader availability and greater liquidity than is available anywhere else, all under the regulatory oversight of the CFTC.”
Mike Glista, Director, CQG, stated, “We see this partnership with BCause as a natural progression for the market. Some of these crypto-currencies have developed into significant stores of value and transfers of wealth. Bringing derivatives to this market will stabilize price, increase transparency, and improve price discovery, making them more viable. We are very excited to be partnered with such a forward-thinking firm as BCause.”
We will release more information when BCause secures CFTC approval and is ready to go live.
Founded in 2013, BCause LLC, is a privately-owned exchange operator, that is focused on helping people legally invest in regulated futures and options for Bitcoin and other crypto-currencies. Pending CFTC approval as a DCM, BCause plans to be the first DCM to legally offer bitcoin futures products to retail and institutional investors. In addition, BCause intends to offer future products to a variety of underserved markets. BCause is based in Virginia Beach, VA and Chicago, IL.