Side-by-side trading , where both open-outcry trading and Globex trading co-exist, has become a thing of the past in most CME Group markets, but not all. Whereas, for example, 90 percent of all CME Group foreign currency futures trading is transacted electronically at the exchange, the livestock markets currently are, in very small part, electronic. In addition, CME Group continues to promote more active use of electronic trading in its futures options contracts, particularly in volume-giant CME Group Eurodollar options.
In , roughly A new record established on October 5, , put CME Globex volume over the one-billion-contract mark in a single year for the first time. Trading began on September 4, New York Mercantile Exchange, Inc. Move to Electronic Trading - Hybrid Approach. Become a sponsor ». Designated Contract Market Regulation. CME Group. Navigation menu Personal tools Log in. Namespaces Page Discussion.
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List of Partners vendors. Globex is an electronic trading platform —the first of its kind when it launched in —used for derivatives like futures, options, and commodity contracts across a wide range of asset classes. The platform offers access from more than countries and foreign territories. Globex is an open-access marketplace, operating nearly 24 hours a day, from Sunday evening through late Friday afternoon, which allows participants to directly trade and view orders, prices, and other data in real-time.
The start of the CME Globex session, which usually occurs in the afternoon or evening, generally marks the beginning of the next trading day. For example, orders entered during Monday's evening session are dated for and cleared on Tuesday. There are brief 30 to minute breaks, depending on the asset class, in between the close and re-opening of each of the five daily sessions.
More than 17 million contracts trade daily on Globex, on average. The platform finally launched on June 25, , running off of technology and network infrastructure used by the news and wire service Reuters. It began with three currency products and one Treasury note product, but quickly expanded into other assets—and even invented some.
CME Group instituted an open access policy for Globex in , allowing customers to trade directly in the system, without having to go through a broker. As a result, business soared: In , the Globex average daily volume exceeded 1 million contracts for the first time, and in , Globex volume exceeded physical pit volume for the first time. Globex is partnered with other global exchanges including the Dubai Mercantile Exchange and the Korea Exchange. Notably, marked the first year the system's volume exceeded 1 billion contracts.
Globex is now also a site for trading in assets in the sectors of agriculture in , the Kansas City Board of Trade and Minneapolis Grain Exchange moved their products to it , energy, stock indices, foreign exchange , interest rates, metals, real estate, and even the weather.
Some futures and options products are traded solely on Globex, while others are traded in the physical pits—via open-outcry—as well. CME Group. Financial Futures Trading. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page.
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