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Technology / AI and automation

Chicago Mercantile Exchange enhances electronic trading functionality

The enhancements will build on those launched in August and will include an improved order algorithm, which will give preference to options traders who augment the market with tighter bids and offers.

Among the other improvements the exchange said it would be automating and simplifying procedures for trades which involve a pre-execution discussion, as well as implementing spread strategy functionality for CME Eurodollar futures and options.

Robin Ross, managing director of CME Interest Rate Products, said, We have significantly expanded electronic trading over the past two years of CME Eurodollars, and our continued technology improvements expand the trading of short-term interest rate products where users primarily trade complex spreads. With the implied spreading technology being implemented we will now link outright CME Eurodollar Pack markets with Pack spread markets.

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CBR Staff Writer

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