• CME Account Manager: Postponed - Updates to Trading Sub Account Administration

      • To
      • CME Account Manager Users
      • From
      • Global Market Solutions and Services
      • #
      • 20171204
      • Notice Date
      • 04 December 2017
      • Effective Date
      • 18 December 2017
    • The updates to Trading Sub Account Administration have been postponed, the new production date is Sunday, December 17 (trade date Monday December 18). To simplify administration of Trading Sub Accounts, the following changes will be implemented for Trading Sub Accounts and the "parent" Customer Accounts they are associated with.

      Trading Sub Accounts

      The following updates will apply to managing the associated Trading Sub Accounts:

      • Creating Trading Sub Accounts:
        • The Trader Risk Administrator must have the same entitlements for all services that are enabled for the Customer Account to create associated Trading Sub Accounts. For example, if CME ClearPort and CME Direct (Globex) are enabled for a Customer Account, the Trader Risk Administrator must also be entitled for CME ClearPort and CME Direct (Globex) to create Trading Sub Accounts.
        • All services associated with the Customer Account will be inherited by the Trading Sub Account.
          • Services on a Trading Sub Account cannot be added or removed.
      • Modifying Trading Sub Accounts:
        • Credit controls and Broker / Trader selections on a Trading Sub Account can be only edited by a Trader Risk Administrator with entitlements for the associated service. For example, if a Trading Sub Account is enabled for CME ClearPort and CME Direct (Globex), but the Trader Risk Administrator is only entitled for CME ClearPort, then they can only edit information associated with CME ClearPort.
        • A Trader Risk Administrator modifying a Trading Sub Account under a Delegated Intermediary (DI) Customer Account must be entitled for all services the Cutomer Account is enabled for.
      • Deleting / Updating Status for Trading Sub Accounts:
        • A Trader Risk Administrator deleting or changing the active/inactive status of a Trading Sub Account must be entitled for all services that the Customer Account is enabled for.

      Customer Account

      The following updates will apply to managing the Customer Account:

      • Services added or removed from a Customer Account will be automatically persisted to the Trading Sub Accounts.
      • If a Customer Account has associated Trading Sub Accounts:
        • The account owner on the Customer Account cannot be edited.
        • The Customer Account cannot be deleted.
      • Customer Account with associated Trading Sub Accounts cannot be edited using the Account Upload option.