CME: All day orders, GTDS with today's date to be cancelled

CME: All day orders, GTDS with today's date to be cancelled

CME Group Cancels All-Day Orders and GTDs with Today's Date

CME Group has announced that all-day orders and GTDs with today's date will be cancelled. This action affects orders submitted to CME Globex, the exchange's electronic trading platform, and applies to instruments traded across its markets. The move is part of routine order management protocols and does not indicate market disruptions or operational issues.

Key Details and Exceptions - Affected Orders: All-day orders (valid for the entire trading day) and GTDs (valid until a specified date, in this case, today) will be cancelled. This includes orders that were previously active but have not yet executed. - Unaffected Orders: Good Till Cancelled (GTC) orders, which remain active until manually cancelled by traders, will continue to work as intended. Additionally, any orders acknowledged by the system prior to the cancellation action will remain in effect.

Procedural Context CME Globex allows market participants to manage orders through functionalities such as order modification, cancellation, and mass order cancellation. The current cancellation applies to orders that meet specific criteria (e.g., time-in-force parameters) and aligns with standard practices for maintaining order book integrity. Traders are advised to review their open orders and adjust strategies accordingly, particularly if relying on today's GTD or all-day orders for execution.

Impact on Traders The cancellation may affect traders who had positioned orders for today's trading session, necessitating resubmission of orders if desired exposure remains. However, the action is not expected to disrupt broader market liquidity or functionality. CME Group has not indicated a specific reason for the cancellation beyond routine operational management.

Traders should monitor CME's official communications for further updates and ensure their systems are configured to handle potential order adjustments. For technical support, CME provides resources through its Global Account Management team and Certification Support for Electronic Trading (CSET) division.

(https://www.marketscreener.com/news/cme-all-day-orders-and-gtds-with-today-s-date-will-be-cancelled-ce7e5cd8d88af421): Marketscreener, Ainvest
(https://www.ainvest.com/news/cme-acknowledged-gtcs-remain-working-day-orders-today-gtds-cancelled-2602/): Ainvest
(https://cmegroupclientsite.atlassian.net/wiki/display/EPICSANDBOX/Order+Functionalities?src=contextnavpagetreemode): CME Group Confluence
(https://cmegroupclientsite.atlassian.net/wiki/spaces/EPICSANDBOX/pages/457671673/Mass+Order+Cancel): CME Group Confluence