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CME 8.8.16 update

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Tel Aviv Israel
Trading Experience: Beginner
Platform: NinjaTrader
Broker/Data: CQG
Favorite Futures: Futures
Posts: 21 since Feb 2015
Thanks: 30 given, 13 received

CME 8.8.16 update

Hi all,
I noticed 2 critical updates in the latest CME Globex Notice and I wanted to share.
20160808 - CME Group

1. It seems that the FX futures will no longer have iceberg orders since the 19th of August.
2. They introduced the MBO (Market By Order) that will enable the traders to know where their orders are placed in queue.

Any comments on that?
Does the MBO apply to limit orders or other types as well?
How will it effect the market?
What platforms will support the exact queue position? Will @NinjaTrader support this change in NT7 and/or NT8?

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