• Pre-Execution Communications

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • CME Group RA1708-5
      • Notice Date
      • 24 July 2017
      • Effective Date
      • 07 August 2017
    • Effective on trade date August 7, 2017, and pending all relevant CFTC regulatory review periods, this Market Regulation Advisory Notice will supersede CME Group Market Regulation Advisory Notice RA1702-5 from April 5, 2017. Effective on August 7, CME will adopt the following changes for the entry of orders in volatility-quoted FX options resulting from pre-execution communications:

      • Enable order entry via the C-Cross protocol, with a 50% better price match (“BPM”); and
      • Eliminate order entry via the G-Cross protocol.

      Click HERE for full advisory.