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CME 8.8.16 update


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  #1 (permalink)
 ToMerK 
Tel Aviv Israel
 
Experience: Beginner
Platform: NinjaTrader
Broker: CQG
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Posts: 21 since Feb 2015
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Hi all,
I noticed 2 critical updates in the latest CME Globex Notice and I wanted to share.
20160808 - CME Group

1. It seems that the FX futures will no longer have iceberg orders since the 19th of August.
2. They introduced the MBO (Market By Order) that will enable the traders to know where their orders are placed in queue.

Any comments on that?
Does the MBO apply to limit orders or other types as well?
How will it effect the market?
What platforms will support the exact queue position? Will @NinjaTrader support this change in NT7 and/or NT8?


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  #3 (permalink)
 
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ToMerK View Post
Hi all,
I noticed 2 critical updates in the latest CME Globex Notice and I wanted to share.
20160808 - CME Group

1. It seems that the FX futures will no longer have iceberg orders since the 19th of August.
2. They introduced the MBO (Market By Order) that will enable the traders to know where their orders are placed in queue.

Any comments on that?
Does the MBO apply to limit orders or other types as well?
How will it effect the market?
What platforms will support the exact queue position? Will @NinjaTrader support this change in NT7 and/or NT8?

We will look to implement once our ISV (CQG for example) provides support for it.


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  #4 (permalink)
 ToMerK 
Tel Aviv Israel
 
Experience: Beginner
Platform: NinjaTrader
Broker: CQG
Trading: Futures
Posts: 21 since Feb 2015
Thanks Given: 30
Thanks Received: 13


NinjaTrader View Post
We will look to implement once our ISV (CQG for example) provides support for it.

Will be available also in NT7?


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  #5 (permalink)
 
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 NinjaTrader  NinjaTrader is an official Site Sponsor
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Thanks Given: 203
Thanks Received: 2,689


ToMerK View Post
Will be available also in NT7?

I don't have enough information at this time to be able to make that decision.


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