• CME Globex Credit Controls Phase 2

      • To
      • Clearing Member Firms;Back Office Managers
      • From
      • CME Clearing
      • #
      • 09-72
      • Notice Date
      • 27 February 2009
      • Effective Date
      • 27 February 2009
    • Phase 2 of the CME Globex Credit Controls functionality will be available in New Release for customer testing this Monday, March 1. Phase 2 is scheduled to be launched in production in early Q2 2009.  More information is available at http://www.cmegroup.com/globex/trading-cme-group-products/risk-management-services.html?show=Credit%20Controls.
      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.