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HitBTC Partners With World's First Licensed Bitcoin Derivatives Platform TeraExchange

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Innovative cryptocurrency exchange HitBTC and TeraExchange - the world's first regulated platform for Bitcoin derivatives - recently signed an agreement to use HitBTC in TeraExchange's financial instruments price index.

Tera_hit

Summit, New Jersey - September 26, 2014 /MM-BitcoinPR/ --

HitBTC, the cryptocurrency exchange known for its technological innovations, and TeraExchange, a swap execution facility registered with the Commodity Futures Trading Commission, signed an agreement to provide an accurate and timed reference point for the first regulated platform for Bitcoin derivatives.

According to the agreement, HitBTC's trading data is included in the TeraExchange Bitcoin Price Index. The Tera Bitcoin Price Index employs a dynamic algorithm that compiles and filters data on a real-time basis from a number of widely utilized global Bitcoin exchanges. HitBTC executes and maintains the information sharing agreement with TeraExchange in order to be included in the index, as required by the Commodity Futures Trading Commission.

"The structure of the Bitcoin swap marketplace reflects extensive client input, providing participants the benefits of transparent price discovery and efficient risk transfer." Says Leonard T. Nuara, President and co-founder of TeraExchange.

As a measure to ensure effective functioning of trading marketplaces HitBTC and TeraExchange agreed to jointly develop measures to counteract potential market manipulation and disruptive trading practices.

"Regulated Bitcoin swap trading provides institutional clients with a more efficient and confident way to hedge and trade. A robust price index also helps the growing Bitcoin trading community to accurately mark-to-market positions while establishing trust and stability in this growing global marketplace."

Christian Martin, CEO and co-founder of TeraExchange

Presently, both companies plan to extend cooperation and seek new opportunities to provide the best and most technologically advanced solutions for the benefit of their customers.

Company Info:

HitBTC, LLC is a leading and rapidly developing cryptocurrency exchange that provides trading services to institutionals, merchants and individual traders. The HitBTC trading platform is known for its state-of-the-art matching engine, multi-currency support (EUR, USD, and GBP) as well as for its friendly customer service.
TeraExchange, LLC is a Swap Execution Facility that is registered with the Commodity Futures Trading Commission and provides market participants with access to interest rate swaps, credit default swaps, non-deliverable forwards and Bitcoin swaps.

To learn more about TeraExchange please go to: http://www.teraexchange.com/

2014 Hit Technologies, L.P. The information contained herein is subject to change without notice. Hit Technologies shall not be liable for technical or editorial errors or omissions contained herein.

For more information about us, please visit http://hitbtc.com/

Contact Info:
Name: David Dahan
Email: pr@hitbtc.com
Organization: HitBTC Public Relations

Source: http://bitcoinprbuzz.com/hitbtc-is-included-in-the-teraexchange-bitcoin-price-index/

ReleaseID: 64363



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