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The United States will begin trading the futures contracts for the Union Market on Monday, the second major milestone in the push to open the market.
Union Market CEO John Hockett confirmed to CNBC the move Monday morning.
The first Union Market contract was put into circulation on Feb. 13 and is valued at about $9 billion, according to Bloomberg.
Hocktt said the contract will begin trades in about an hour.
The next Union Market market contract will be in the form of an option, and will start trading on Monday at 1:30 p.m.
The next option contract will start on Feb 15 at 1 p. and will be trading at $1.00 per share.
The move by the Federal Reserve to ease its restrictions on the U.S. stock market was expected to lead to a surge in market value, and ultimately create a massive surge in demand for U.C.N. futures, which are based on the market’s fundamentals and have no central banks backing them.
The new Union Market contracts were announced just two weeks after the U.,C.C.’s markets were reopened after months of chaos, and just two days before the Fed’s decision to lift its hold on U.B.P. futures.
The futures contracts, which Hocketts said could be traded in about 1,000 U.N., will start at $2.75 and $4.50 per share, respectively.
Hockett said in a statement that he believes the Union market will be one of the top three futures markets by 2019.
He said the markets should have a price above $100 a share by the end of the decade.