CME Globex Credit Controls provides pre-execution risk controls that enable clearing firm risk administrators to set credit limits through the GC² tool. Risk administrators are able to define trading limits and select real-time actions if those limits are exceeded, including e-mail notification; order blocking; and order cancellation.
Phase 2 features all functionality from Phase 1, plus:
· Automated credit control management defined by firm administrators
· View open and filled positions by executing firm
· Auto cancel orders
Phase 1, launched Sunday, September 28, enables clearing firm risk administrators to maintain manual credit control limits by setting a maximum order size and the capability to block new orders.
Please contact the Clearing House Risk Management Department at 312.648.3888 for more information. Clearing Firm Administrators can contact Globex Account Management at (312) 930-8700 or email@example.com to sign up.