CME Group Launches CME Direct Technology for Online Trading of Exchange Listed and OT - News and Current Events | futures io social day trading
futures io futures trading


CME Group Launches CME Direct Technology for Online Trading of Exchange Listed and OT
Updated: Views / Replies:1,584 / 4
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

CME Group Launches CME Direct Technology for Online Trading of Exchange Listed and OT

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

CME Group Launches CME Direct Technology for Online Trading of Exchange Listed and OT

CHICAGO and LONDON, May 22, 2012 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of CME Direct, a new technology offering side-by-side trading of exchange-listed and over-the-counter (OTC) markets. CME Direct will initially support trading of CME Group's benchmark energy futures markets alongside OTC energy swaps through leading inter-dealer brokers.

The exchange-listed products on CME Globex that may be traded through the CME Direct technology include NYMEX WTI crude oil, NYMEX Brent, DME Oman crude oil, RBOB Gasoline, New York Heating Oil and the benchmark Henry Hub Natural Gas futures contract. These products are part of the CME Group energy complex, which has average daily trading volumes of over 1.9 million contracts.

CME Group is licensing the CME Direct technology to leading inter-dealer brokers to offer trading of global OTC oil markets, including Marex Spectron, Tradition and Tullett Prebon. Traders will be able to execute electronically or in a hybrid, broker-assisted model on CME Direct through the participating brokers, combining the benefits of electronic trading, yet retaining the flexibility of voice brokering.

CME Direct is integrated with CME Group's OTC post-trade services, CME ClearPort for straight-through clearing to CME Clearing and CME Clearing Europe and CME ConfirmHub for straight-through processing (STP). This integration ensures OTC markets are cleared and processed quickly and without manual intervention, reducing operational overheads, errors and counterparty risk.

"At CME Group, we have a proven track record of providing our customers with advanced trading technologies that enable them to execute even the most complex and demanding of trades," said Bryan Durkin, COO and MD, Products & Services, at CME Group. "With the introduction of CME Direct, we are offering our clients a new way to access simultaneously our listed markets as well as OTC energy markets in a fully automated trading environment, expanding access to our global liquidity and price discovery functionality."

"By combining brokered OTC markets with CME Group's clearing and STP platforms – ClearPort and ConfirmHub – CME Direct offers the first global, fully automated front-to-back-office platform for trading CME listed and OTC energy products," said Michel Everaert, Managing Director, OTC Solutions, CME Group. "CME Direct is a big step forward for markets to comply with current and anticipated market regulations, including those proposed under the Dodd-Frank Act and MIFID that call for more transparency, automated trading, data reporting and clearing in OTC markets."

For more information on CME Direct, visit www.cmegroup.com/direct.


CME Group Launches CME Direct Technology for Online Trading of Exchange Listed and OTC Markets - May 22, 2012

Reply With Quote
The following 4 users say Thank You to kbit for this post:
 
  #2 (permalink)
Trading Apprentice
dade fl
 
Futures Experience: Intermediate
Platform: Zaner 360, Tradestation, T4
Favorite Futures: Oil futures and options
 
Posts: 21 since Nov 2014
Thanks: 21 given, 7 received

CME Direct

Hi kbit, I am about to open an account with CME Direct because I think trading will be more neutral than with a broker that provides clearing and data feed all in one like tradestation or any other similar. Do you have any idea what service can be used to provide a data feed to the CME Direct platform?

Reply With Quote
 
  #3 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received



irvino81 View Post
Hi kbit, I am about to open an account with CME Direct because I think trading will be more neutral than with a broker that provides clearing and data feed all in one like tradestation or any other similar. Do you have any idea what service can be used to provide a data feed to the CME Direct platform?

I don't know enough about it to give you a good answer.

Reply With Quote
 
  #4 (permalink)
Trading Apprentice
dade fl
 
Futures Experience: Intermediate
Platform: Zaner 360, Tradestation, T4
Favorite Futures: Oil futures and options
 
Posts: 21 since Nov 2014
Thanks: 21 given, 7 received

its ok I figure it out. I talked to the CME Direct people and they explained the platform is a front end platform that uses JAVA and comes with its own data.

Reply With Quote
The following 3 users say Thank You to irvino81 for this post:
 
  #5 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

Thanks for the news. I hope this doesn't incur another monthly charge for retail trading from CME passed through the brokers like the one in the summer.

Reply With Quote
The following 2 users say Thank You to Cloudy for this post:

Reply



futures io > > > > CME Group Launches CME Direct Technology for Online Trading of Exchange Listed and OT

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Faster than Rithmic ? CME direct rough cost ? bidask201 Reviews of Brokers and Data Feeds 8 May 20th, 2012 08:21 PM
CME Group Adds Ethanol to Expanded CBOT Grain and Oilseed Trading Hours on CME Globex kbit News and Current Events 0 May 3rd, 2012 07:17 PM
MF Global May Have Hid Recent Fund Transfers: CME Group Quick Summary News and Current Events 0 November 2nd, 2011 07:10 PM
CME Group Announces Clearing Services for OTC FX kbit Currency Futures 0 May 16th, 2011 11:43 PM
CME direct connections & clearing Scalpguy The Elite Circle 2 January 21st, 2011 02:59 AM


All times are GMT -4. The time now is 11:21 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.10 seconds with 19 queries on phoenix via your IP 54.227.51.103