Please be informed, CME plans to integrate all trade entry and clearing processing for KCBOT on Monday, April 15, 2013, pending regulatory approval. Most importantly, what this means for the trading floor community is that the legacy KCBOT “TEMS” (Trade Entry Match System) application will be replaced by the CME’’s trade processing application called “FEC” (Front End Clearing). Similar to TEMS, FEC is an internet browser based application. FEC also has many features including trade entry and correction, trade allocation and claiming (i.e. give-ups), average pricing, and ex-pit trade entry.
For the full text of this advisory...