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Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
HairyMaclairy
on
11/12/2017, 02:44:14 UTC
Quote from: shmadz on December 11, 2017, 02:42:03 AM
Quote from: Imbatman on December 11, 2017, 02:39:14 AM
If it triggers the 20% price either up or down, do the winners automatically win and the losers automatically lose? Right then and there?
no. the trading on the exchange just stops, see here for details:
http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures/contract-specifications
CBOE has circuit breakers only, CME has circuit breakers and suspends trading at 20%. Gonna be a lot of closed positions due to margin calls.