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After an order is received by CME Globex, an order acknowledgementacknowledgment, another function of Order Management, is is returned to the Executing Trading Firm.
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- Aggressor Indicator - identifies if a matched order was the Aggressor, i.e. an incoming order that matced matched with one or more orders resting on the order book.
- Trade Cancellation - occurs when the CME Global Command Center (GCC) must adjust a trade price or cancel a trade when such action is necessary to mitigate market disrupting events caused by the improper or erroneous use of the electronic trading system or by system defects.
- Mass Order Cancel - allows cancellation of multiple orders simultaneously.
- Request for Cross - allows a single party/broker to submit a two-sided order at the same price and quantity.
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