CME and ICE split over the benchmark that will settle GPU futures
CME plans compute futures tied to Silicon Data's benchmarks. ICE plans GPU contracts tied to Ornn's pricing index. Both still need regulatory approval.
By Ryan Merket · Published
Primary source: Axios
Why it matters
Compute futures need a trusted reference price before they can become useful hedging tools. The benchmark that wins early exchange support, lender use and trader confidence could shape how GPU capacity is financed, hedged and valued.
CME and ICE are setting up a standards fight over how GPU prices get settled. CME plans compute futures tied to Silicon Data's benchmarks, while ICE plans contracts that reference Ornn's pricing index, with both offerings pending regulatory approval.…