CME takes aggressive measures to promote electronic trading

The CME said it will propose a scheme for class B shareholders to give the board authority to transition the front two Eurodollar futures contract months onto CME’s Globex platform. The plan would allow the board to move trading onto the Globex platform automatically if electronic trading does not account for 25% of total Eurodollar trading by March 12. In addition, if the proportion of these contracts traded electronically falls below 25% for two consecutive months, trades will again be migrated automatically.

A shareholder meeting has been scheduled for March 16, when a vote on the matter will be taken.

The CME will also expand its market-maker program, it said, increasing the number of market makers allowed to operate in the program to 15 from six. This will also include regular trading hours of 7.20am to 2.00pm.

Members whose trading activity accounts for 3% of regular trading hour volume will have all Globex fees waived.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here