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CME 8.8.16 update

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Denver, CO
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
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Posts: 1,470 since May 2010
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ToMerK View Post
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?

We will look to implement once our ISV (CQG for example) provides support for it.

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