Jun 10, 2021
Results of Consultation for Proposed Methodology Changes to the CME CF Cryptocurrency Reference Rates and Confirmation of Implementation
The Administrator conducted a consultation with index users and market participants concerning proposed methodology changes to the CME CF Cryptocurrency Reference Rates. between 1000 LDN May 4th and 1600 LDN May 18th.
There were no responses received to this consultation and nor were there any queries regarding any aspects of the proposed change.
The Administrator can now confirm it will implement the changes proposed
The Administrator has been conducting extensive testing of the changes to Its systems and processes that will be required to support these changes. To ensure that testing is comprehensive, and the implementation of the methodology changes does not cause any market disruption the Administrator shall implement the methodology changes on July 30th 2021 at 1630 London time meaning that the calculation of the CME CF Cryptocurrency Reference Rates for July 31st 2021 onwards will be calculated utilising the revised methodology.
The CME CF Oversight Committee has provided oversight of this benchmark consultation process.
Any queries regarding these changes can be sent to [email protected]