Effective Sunday, December 15 (trade date Monday, December 16), BrokerTec on CME Globex will introduce the new Top of Stack (TOS) priority feature for U.S. Repo instruments. TOS prioritizes the passive managed order of the TOS owner based on the pre-defined TOS requirements.
TOS provides priority to the last trader who has:
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Revision History
| Date | Description |
|---|---|
| October 4, 2024 | Added bullet list under BrokerTec TOS Requirements. |
| September 25, 2024 | Initial publication. |
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