• CME Account Manager: CME Globex Inline Credit Controls - July 2017

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      • CME Account Manager
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      • Global Market Solutions & Services (GMSS)
      • #
      • 20170615
      • Notice Date
      • 15 June 2017
    • † Denotes update to the article

      In July 2017 Inline Credit Controls (ICC) functionality for CME Globex will be available for production. ICC is an optional risk management tool that allows Clearing Member Firms and Executing Firms to set daily position limits for CME Globex orders, per product, at the account level. Each order will be checked on an in-line, pre-execution basis.

      Features:

      • ICC limits apply to CME Globex orders only.
      • Daily quantity position limits are applied per product at the account level.
      • Positions reset to flat at the end of the day. Good 'Til Cancel (GTC) and Good 'Til Date (GTD) orders will roll-over to be calculated in the next day's working orders.
      • No latency differential; all orders are subject to the same ICC processing.
      • Both Clearing Member Firm and Executing Firm Risk Admins can register accounts and set limits.
        • The most restrictive limit applies.
        • Clearing Member Firm and Executing Firm Risk Admins can view each other's account limits.
        • Clearing Member Firms and Executing Firms cannot change the other's limit.
      • Email alerts can be set up when pre-set threshold level breaches occur (for example, at 80%).

      †Initially, ICC processing for accounts approaching their pre-set threshold level, In-Flight Mitigation(IFM) enabled orders may temporarily violate account limits resulting in a reject. See scenario here. Future phases of ICC will accommodate In-Flight Mitigation and eliminate the temporary account limit violation scenario.

      See more on Viewing and Managing Inline Credit Control Limits and Configuring Alerts and Policies for Inline Credit Controls.

      Please contact your Global Account Manager for more information about onboarding and testing In-line Credit Controls functionality in New Release.

      Please contact Certification Support for Electronic Trading (CSET) in the U.S. at +1 312 930 2322, in Europe at +44 20 3379 3803 or in Asia at +65 6593 5593 with questions while testing in New Release.

      Please contact the CME Global Command Center (GCC) in the U.S. +1 800 438 8616, in Europe at +44 20 7623 4747 or in Asia at +65 6532 5010 with any production questions.