Makor was the first broker to execute a CME Micro Ether futures trade

Rick Steves

In October 2021, Makor completed its Series A raise at a $200m valuation to support the expansion of Enigma Securities, Makor’s industry leading digital asset brokerage with monthly trading volumes in excess of $2 billion.

Chicago

Makor Group has been the first international brokerage to execute a options trade on CME Micro Ether futures (MET), the transaction being a $10,000 block trade executed on March 31, 2022, in London.

The Chicago Mercantile Exchange (CME) Group announced that it would offer options on the micro futures contracts of the two largest cryptocurrencies by market capitalization: Bitcoin (BTCUSD) and Ether (ETHUSD).

Each micro futures contract will be worth 1/10 the price of the underlying token. Trading micro-Bitcoin and Ether futures options is available 24/7 on the CME platform.

Makor leverages Algorand’s blockchain expertise

Ian Epstein, Global Head of Digital Assets at Makor Group and President of Enigma Securities, said: “Digital asset markets continue to evolve, and we are well-positioned to be a first mover in the largest advances of the industry. Micro Ether futures and options offer our clients more flexibility enabling both industry growth and broadening of the flexibility in service we offer to our clients.”

Makor executes trades in both traditional and cryptocurrency markets for its investors. The international brokerage and investment banking firm was founded in March 2011 by Michael Halimi and Avi Bouhadana, two ex-senior managers at Cantor Fitzgerald Europe.

The FCA-regulated broker’s core business is to provide financial securities research and execution to institutional investors across a spectrum of products, including Cash Equities, Fixed Income Derivatives, FX, and Digital Assets.

Makor employs 200 staff in offices across the globe, including New York, Dallas, London, Paris, Geneva, Gibraltar, Monaco, Tel Aviv, Singapore, and Melbourne.

Makor Group not only operates its own branded entities, but also cryptocurrency arm Enigma Securities, New York-based broker Oscar Gruss & Son, Inc. and London-headquartered broker Churchill Capital, with offices in New York.

In October 2021, Makor completed its Series A raise at a $200m valuation to support the expansion of Enigma Securities, Makor’s industry leading digital asset brokerage with monthly trading volumes in excess of $2 billion, as well as further Makor’s geographical expansion and M&A activities.

The company also built new strategic partnerships with Algorand – having onboarded CEO Steven Kokinos to its board of directors -, Alan Howard, and several notable US based asset managers.

Makor will take advantage of Algorand’s blockchain expertise to build and distribute digital assets, bridging the gap between Wall Street and the next generation of financial products.

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