CME trading interface

The CME trading interface connects the broker system QUIK to futures and options trading at the venues of CME Group (Chicago Board of Trade, Chicago Mercantile Exchange, Commodity Exchange, New York Mercantile Exchange).

Module Functions

  • Reference data,
  • Level I and as Level II quotes as well as anonymous transactions,
  • Forwarding/cancellation of orders and transmission of information on trades,
  • Exchange order replacement and transaction cancellation.

Connection to the CME trading system is established both for Market Data and transaction flows:

  • Market Data connection comprises several data channels that transmit data for a particular market segment. Connection is established through network protocols UDP and TCP.
  • The transaction connection is used to send/cancel orders and transmit transaction data. The transaction employs TCP and FIX network protocols.

Types of supported orders

  1. Market (with protection) — orders are executed as market ones at prices equal to or above the level of protection limit calculated by the system. If an order has not been executed it remains ‘working’ at the limit price,
  2. Market to limit — orders are executed at the best market price. If not executed fully the remainder stays ‘working at the venue at the execution price’,
  1. Limited,
  2. Iceberg orders,
  3. Day – to put in queue,
  4. Immediate or Cancel (IOC) — orders with a condition ‘cancel the rest’.
The interface is installed at the broker’s PC which is connected to a QUIK server by the protocol TCP/IP. The interface software may be installed at the same PC as the QUIK server software.
In order to perform pre-trade control of transactions and keep clients’ positions when trading on Eurex the QUIK server configuration needs to have the ‘Unified cash position module for spot and derivatives Markets’.

Hardware and software requirements

Hardware Product name

Processor Intel Xeon E5504 or better.

2 GB RAM.

20 GB available hard disk space.

OS Windows 2008/2012 Server x64.

The indicated hardware and software requirements are minimal. With ample resources the interfaces may be installed on the same PC as the QUIK server. Any arising questions may be addressed to the QUIK support service.

Use options

Purchase Managed services / System backup Hosting Testing
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