Kill Switch

CME Globex Kill Switch allows Clearing firms a one-step shutdown of all their CME Globex activity at the SenderComp ID level. When Kill Switch functionality is activated by the permissioned firm, all order entry is blocked and all working orders are cancelled for either a selected subset or all of the firm's SenderComp IDs.

Access to Kill Switch functionality is available to all current GC2 Risk Admins. Clearing Firms will have the ability to grant access to the functionality to their Executing Firms.

Block Execution Firm Order Entry

All subsequent Blocked Execution Firm order entries will be rejected with a Session Level Reject (tag 35-MsgType=3) message and the accompanying text explanation.

Examples of tag 58-Text
Reject Level	Valid Values
Executing Firm	Kill Switch enforced byfor Executing Firm
Clearing Firm	Kill Switch enforced by Clearing Firm Admin for Executing Firm
Exchange	Kill Switch enforced by Exchange Admin for Executing Firm

Cancel Orders when allowed by market states

All working orders will be cancelled with an Execution Report (tag 35-MsgType=8, tag 39 - OrdStatus=4) message and the following cancel type indicator.

tag 378-ExecRestatementReason
Tag	FIX Name	Valid Values	Description
378	ExecRestatementReason	106	Cancel from Risk Management API (RMI)

Kill Switch will cancel orders during the following market states: Pre-open, Open, Pause, Post Close Pre-Open, Reserve.

Kill Switch will not affect working GT orders in closed markets.

Please contact the GCC to confirm order status.

All risk management services are offered by CME Group on a best-efforts basis. Clearing Member Firm (CMF) Risk Administrators only have access to the Execution Firms and Exchanges that they guarantee. Any attempt to take action on an Executing Firm and Exchange assigned to a different CMF will be rejected.

User Help System

For complete details regarding the Risk Management Interface GUI, refer to the Risk Management Tools User Help System.