We offer seven risk management tools, designed to protect CME Globex customers and clearing firms:
Upon an involuntarily dropped iLink user connection, Cancel on Disconnect (COD) cancels all resting session/day futures and options orders for that user. Customers are responsible for re-entering any orders cancelled by COD.
The CME Globex Credit Controls (GC2) provide pre-execution risk controls and allow Clearing Firm Risk Administrators to set real-time credit limits. Clearing Firm Risk Administrators can define trading limits and select real-time actions if those limits are exceeded, including:
CME Globex Credit Controls are available in both manual and automated modes.
The Risk Management Interface (RMI) is an API and GUI that supports granular, pre-trade risk management for Clearing Firms. The RMI consists of two components:
Allows Clearing Firms to programmatically send instructions to:
A web-based user interface that allows clearing firms to:
Access to the RMI is limited to clearing firms' certified proprietary and third-party risk management applications.
Drop Copy is available from CME Group, or certified third-party vendors. A monthly fee of $500 will be charged per Drop Copy group. The Drop Copy fee will be waived for the customer's first Drop Copy group. Certification via AutoCert+ is required to access Drop Copy in production.
Drop Copy allows users to:
The following third-party vendors support the Drop Copy service. More information on these vendors is available at www.cmegroup.com/isv/.
FirmSoft is a browser-based order management tool that provides real-time access to information on working and filled CME Globex orders including iLink and CME Direct across multiple firm IDs. FirmSoft provides important risk mitigation functionality during system failures.
Watch a video for an overview of FirmSoft functionality.
Users can view:
If enabled to do so, users can cancel
Users can call into the GCC to status and/or cancel orders based on their FirmSoft permissions.
New users will need to:
To request access to the Clearing Firm Administration tools within FirmSoft:
Kill Switch is a GUI that is designed to allow firms a one step shutdown of all their CME Globex activity at the SenderComp ID level.
When the Kill Switch functionality is activated by the permissioned firm, all order entry is blocked and all working orders are cancelled for either a selected subset or all, of firm’s SenderComp IDs.
Kill Switch functionality includes:
Self-Match Prevention ("SMP") is an optional functionality designed to allow executing firms to prevent, where appropriate, buy and sell orders for accounts with common beneficial ownership, from matching with each other.
To register for the SMP functionality customers must register via the Firm Administrator Dashboard to obtain their SMP ID(s).
A step-by-step guide to connecting and developing to the CME Globex electronic trading platform.
This section provides an overview of iLink order entry interface to CME Globex and market data interface for CME Globex.
CME Globex Reference Guide
Provides overview of CME Globex, products, access, functionality, practices and policies, market operation.
Risk Management Video
Overview of Risk Management Tools and Services
CME Group Login
CME Group Login is a self-managed, centralized user profile service that authenticates access to CME Group applications and services.
CME Client Systems Wiki
Get technical and business information for systems development to CME Globex.
Support from the CME Global Command Center (GCC).
Global Account Management (GAM)
U.S.: +1 312 634 8700
Europe: +44 20 3379 3754
Asia: +65 6593 5505
Certification Support for Electronic Trading (CSET)
U.S.: +1 312 930 2322
Europe: +44 20 3379 3803
Asia: +65 6593 5593