Dairy Futures Pre-Execution Contact Directory

What are Pre-Execution Communications?

Pre-execution communications are communications between market participants for the purpose of discerning interest in the execution of a transaction prior to the exposure of the order to the market.

Any communication that involves discussion of the size, side of market or price of an order, or a potentially forthcoming order constitutes a pre-execution communication.

Transactions that result from pre-execution communications must be entered into the competitive venue CME Globex following specific steps based on the product that they are executed in. For a list of the required steps:

View the Market Regulation Advisory Notice.

Key Points

  • Allows market participants to execute trades when market liquidity is not evident
  • Find a counter-party to take the opposite side of a large trade
  • Pre-ex discussions can be used for executing both individual months as well as strips.
  • Interested parties are contacted to determine interest in taking the opposite side of a trade and given information on the price, volume, or direction.
  • If a counter-party is identified for a futures trade, the party that initiated the communication enters the futures trade into Globex. After 5 seconds, the counter-party can enter their side of the trade.
  • Pre-execution rules for options are different. Please reference the Market Regulation Advisory Notice for more details.

Pre-Execution Contacts

Firms that have agreed to accept calls or emails related to pre-execution futures communications in the markets indicated:

Firm Name Firm Type Contact Class III Milk Cheese Dry Whey Class IV Whey Butter Nonfat Dry Milk
Atten Babler Commodities LLC Broker Will Babler
+1 815 777 1129
x x x x x x
Blimling Broker Theresa Rutz
+1 608 249 5030
x x x x x x
DairyVisor Inc. Broker Joe Spader
+320 634 3771
x x x x x x
HighGround Trading LLC Broker Eric Meyer
+1 312 604 3080
x x x x x x
INTL FCStone Broker Rob Chesler
+1 312 456 3637
x x x x x x
Rice Dairy Broker Brian Rice
+1 312 492 4200
x x x x x x
Allston Trading Liquidity Provider Jake Rassner
+1 312 663 8850
x x        
CSC Arbitrage Group Liquidity Provider Sam Johnson
+1 612 330 9113
x x x x x x
Gressel Produce Liquidity Provider Art Gressel
+1 512 358 6224
x x x x x x
Traditum Group Liquidity Provider Ari Officer
+1 847 767 6587
x x x x x x
TransMarket Group Liquidity Provider Kristopher Williams
+1 312 278 3347
x x        
Wolverine Trading Liquidity Provider Jeff Feldman
+1 312 884 3777
x x        
Gavilon Commercial Mike Reynolds
+1 402 889 4457
x x x x x x
Grain Millers Dairy Products, Inc. Commercial Dan Trewin
+1 877 464 6455
x x x x x x
Hoogwegt US Commercial Josh White
+1 847 573 4912
x x x x x x
Louis Dreyfus Commodities Commercial David Dines
+1 901 409 2187
x x x x x x
Olam Americas Inc. Commercial Karteek S.Tirumalasetti
+312 493 9959
x x x x x x
TC Jacoby Commercial Dennis Downing
+1 314 822 5961
x x x x x x
Wells Fargo Bank Ryan Moffett
+1 832 941 4271
x x x x x x