Quick Fill Give-Up Processing
 

Effective Monday, September 26, 2005, an enhancement will be made to post-trade processing for CBOT Quick Fill trades through Denali.  Orders executed as Quick Fills that are designated for Give-Up will not be routed to the Give-Up System until the order is fully endorsed with opposite house and opposite broker. 

This enhancement will allow firms to better manage give-up allocations based on complete trade data on the Quick Fill order.  Please note that when Denali trades are released by CBOT at 3:55 p.m., all Quick Fills designated for give-up will be routed to the Give-Up System.  Also, any Quick Fill trades that remain unendorsed at the end of the clearing cycle at 7:00 p.m. will be routed to the Give-Up System.

If you have questions, please contact the Clearing House at 312.207.2525.