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.

Resources

Contact Us

CME Dairy Team

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 Milk	Butter	Nonfat Dry Milk
Agri-Dairy Products, Inc	Commercial	Frank Reeves Jr. +1 914 697 9580	x	x	x	x	x	x
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
Commodity Risk Management Group	Broker	Mike North +1 608 960 4771	x	x	x	x	x	x
CSC Arbitrage Group	Liquidity Provider	Sam Johnson +1 612 330 9113	x	x	x	x	x	x
Dairy Products Inc.	Commercial	Dan Trewin +1 877 464 6455	x	x	x	x	x	x
DairyVisor Inc.	Broker	Joe Spader +320 634 3771	x	x	x	x	x	x
Darigold, Inc.	Commercial	David Dines +1 206 286 6713	x	x	x	x	x	x
Fonterra Co-operative Group Limited	Commercial	Conor Steffey +64 21 024 67417	x	x	x	x	x	x
Gavilon	Commercial	Mike Reynolds +1 402 889 4457	x	x	x	x	x	x
Gressel Produce	Liquidity Provider	Art Gressel +1 512 358 6224	x	x	x	x	x	x
HighGround Trading LLC	Broker	Eric Meyer +1 312 604 3080	x	x	x	x	x	x
Hoogwegt US	Commercial	Josh White +1 847 573 4912	x	x	x	x	x	x
INTL FCStone	Broker	Rob Chesler +1 312 456 3637	x	x	x	x	x	x
Louis Dreyfus Commodities	Commercial	Marcus Angwin +1 901 383 5151	x	x	x	x	x	x
Maize Capital Group LLC	Liquidity Provider	Michael Sklut +1 248 756 3150	x	x	x	x	x	x
Olam Americas Inc.	Commercial	Karteek S.Tirumalasetti +312 493 9959	x	x	x	x	x	x
Rice Dairy	Broker	Brian Rice +1 312 492 4200	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
Wolverine Trading	Liquidity Provider	Jeff Feldman +1 312 884 3777	x	x

Send Us Feedback

Who We Are

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

Contact Us

View All

CME Group / Chicago HQ

Phone: +1 312 930 1000

Toll Free (US Only): +1 866 716 7274

Margin Services

Tech Talk

Dairy Futures Pre-Execution Contact Directory

What are Pre-Execution Communications?

Resources

Contact Us

Key Points

Pre-Execution Contacts

Subscription Center

Send Us Feedback

Who We Are

Contact Us

View Global Offices

Connect With Us