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 current positions by executing firm
- Auto cancel orders
Phase 1, launched Sunday, September 28, enables 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.