User Help System

 

 

Kill Switch

Kill Switch provides a Globex Orders Kill function for the following levels: Legal Clearing Entity, Execution Firm and Sender Comp.

See Enforcing Kill Switch for more detailed information.

Primary Features

Kill Switch functionality:

  • All Day Orders and Good ‘til orders are canceled when Kill Switch is invoked.

    Note: Kill Switch will not cancel resting orders when a market is “closed” or in the final “30 seconds” prior to an open.

  • Mass Quotes will not be canceled.

  • New order entry is prohibited.

  • Impacted customers are prevented from submitting any message other than what is required to keep alive the connection with the exchange (session management).

  • Only orders intended for CME core match engines are impacted.

  • Customers receive a reject message with entity level and administrator role information.

  • Blocking takes less than one second, though the cascading cancellations may extend beyond this time frame.

For detailed information, see Message Impact.

Access Kill Switch

Kill Switch may be activated by the following administrator roles:

  • Legal Clearing Entity Admin
  • Execution Firm Admin
  • CME Admin

See Administrators on the Enforcing Kill Switch page for more detailed information on Administrator roles and permissions.

Access Kill Switch using:

 





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