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Requests to add an SMP ID to a CME Direct firm should come from a verification officer, and can be sent to GAM Client Services at gam_cs@cmegroup.com. Global Account Management (GAM). Requests should include instructions on whether to cancel resting or aggressing orders in a self-match scenario. By default, CME Direct cancels resting orders.
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Self-Match Protection
CME Direct offers Self-Match Protection features that can be applied at the firm and user level, and only affects orders entered on CME Direct.
Firms can set controls that either allow all matching within the firm, warn users of a potential self-match within the firm, or prevent all self-matching within the firm. This assumes all users are trading on CME DirectCME Direct. To establish that setting, please contact GAM Client Services at gam_cs@cmegroup.com Global Account Management (GAM).
Users within a firm can set self-match protections directly in CME Direct should their firm opt out of setting controls.
From the User Preferences window, users can select the following protections for their orders:
- Nothing - Allows all self-matching to occur.
- Warning - Displays a warning when a user attempts to place an order that matches a working order they or their company entered in CME Direct.
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Warning is selected by default. |
- Error - Displays an error, and prevents a user from placing an order that matches a working order they or their company entered in CME Direct.
