Trading Floor Technology: Order Entry, Electronic Order Routing, GLOBEX Electronic Trading, Wireless Infrastructure, Data and More

Denali | Galax-C Handhelds | Wireless Infrastructure

Trading floor technology integrates the best of both worlds - cost-trimming electronic technology with time-proven open outcry trading. Trading Floor Technology Services staff work to ensure a state-of-the-art trading environment for market participants on the CME Group trading floor. Located on the trading floor immediately east of the out trade area, our staff provides administrative and technical support for all trading floor technologies including Galax-C, Order Direct API, EC, COMET, HHT, CWI-MF and telecommunications. From hardware maintenance and repairs to resolving technical issues or creating reports, our staff strives to provide the highest level of service and professionalism to support the trading floor community.

Services provided include:

• GALAX-C – technical support, training, troubleshooting and administration
• DENALI – technical support, training, troubleshooting and administration
• Telecom (Telex, V Band, Bridge Line) - technical support, repair and troubleshooting
• CWI-MF (Common Wireless Infrastructure- Member Firms) - technical support, troubleshooting and administration

Denali

Order Processing Through Electronic Clerk Devices

• Receive orders from Comet and member firm order management systems
• Process futures and options trade fill transactions; outrights, spreads and single month differentials
• Transmit trade fill data to firm accounting systems, firm order management systems and trade clearing

Booth-Based Technology: Order Entry and More
Comet is a trading floor-based order entry device, exclusively for day orders, that allows FCM floor staff to send spread and outright orders for futures and options products to all pre-designated floor brokers. Comet enables staff to:

• Transmit flashed or headset-entered order tickets to the executing broker for endorsement
• Time-stamp order tickets automatically
• Receive trade fill data from the broker device
• Forward trade fills to firm bookkeeping system for trade processing
• Preprogram quick-pick lists of customer account numbers to speed input and reduce possible errors
• Handle single-firm give-up information

In addition, the Comet grouped-order status screen:

• Shows the status of all Comet orders within a firm-designated group
• Allows any Comet user in the same group to handle customer inquiries

Order Direct

• Electronic order entry to the trading floor
• Application Programming Interface (API) connections
• Electronic order transmission devices for floor-based member firm desks (Comet)
• Automated trade data routing into bookkeeping, clearing and order management
• Eleven days of Web-based order history

Back to top

Handheld Technology for Accessing Our Electronic Markets: Galax-C

The CME GALAX-C electronic handheld trading system allows local traders to directly access futures, options and defined spreads on CME Globex from the open outcry trading floors.

CME GALAX-C, a CME-provided application and hardware, is available in a state-of-the-art wireless tablet pc and/or handheld and is individually configurable. CME GALAX-C also supports credit controls, both per trade limits and net position limits.

CME GALAX-C users can:

• Trade any instrument listed on CME Globex, including CME, CBOT, NYMEX and COMEX products
• Submit Day or GTC Limit and Fill and Kill (FAK) orders types
• Cancel by price level, contract, all bids, all offers, or global cancel
• View the five best bids and offers and net position
• Send and receive request for quotes (RFQ)
• View and trade the underlying futures on the options and spreads screen

Back to top

Wireless Infrastructure - CWI

CME Group offers connections to a Common Wireless Infrastructure (CWI-MF) on the trading floors to facilitate the use of wireless local area networks (LAN) by all market participants. The CWI was designed to alleviate the need for each interested member firm to design, purchase, install and maintain its own wireless network antennas on the trading floors as well as to significantly increase the number of wireless devices that could be used by the trading floor community.

Common Wireless Infrastructure-Member Firms (CWI-MF)

• Connect wireless to ISV of your choice
• Wireless access to firm cabinet in interstitial
• Up to one Mb of bandwidth on our new 802.11 N network

Additional information and applications are available at the Technology Support desk on the trading floor at 141 W. Jackson, just east of the out-trade area.

If you have any questions, please contact Trading Floor Technology Services at +1 312 435 7100.

Back to top