CME Electronic Trading System

[raymondmanny 10]

Hi any one,

 

The CME electronic trading system is a program that works like a specialist or market maker.

 

Do you have information how this electronic system could instantly know and match every trader's trade and

his profit&stop loss ?

 

So if you have a tight stop loss you are telling the program :

 

Hi, I am XZY and I want a 3 ticks profit but in case you want my Money you may have it 3 ticks in the opposite direction ....

 

Have a nice day,

 

Raymond Manny.

[stt 10]

not sure what you mean. CME is an exchange and its elec trading system is just maintaining a book and doing the matching as orders come in.

[BlueHorseshoe 10]

Hi any one,

 

The CME electronic trading system is a program that works like a specialist or market maker.

 

Is this a statement or a question?

 

If it is a statement then it is wrong. The CME electronic trading system is a FIFO order book for matching bids and offers. The criteria according to which orders can be placed in the book are extremely limited, and all other order types that you see offered by by brokers are simply held on the broker's own server until the additional criteria are met, and then forwarded to the exchange in one of the acceptable order forms.

 

A market maker derives his or her profit by taking the other side of an order, typically with the aim of profiting from the spread. The CME server simply matches orders, none of which are the exchange's own orders, and generates it's income through execution fees.

 

I hope that's helpful to you.

 

BlueHorseshoe

[raymondmanny 10]

Thank you very much ,

 

Raymond Manny.