Fine Tech CME Gateway service allows traders to execute trades without routing
through clearing firm. By maintaining communication system between exchanges
and traders, it enables traders to execute orders. Traders are able to execute
orders directly to four exchanges of CME, NYMEX, COMEX, and CBOT by using clearing
firms' user ID. Traders and brokers can enjoy cost effective solution.
The Fine Tech CME Gateway is aimed at brokers who do not meet the requirements for direct market access (DMA) but need a cost effective solution for their clients that need to manage risks at CME. The gateway essentially acts like a "traffic cop".
All trade orders flow through the gateway which performs risk management functions
before releasing them to 'GLOBEX' via an 'ILLINK' session. The gateway has a
web based management GUI. The gateway can be operated by Fine Tech as a managed
service on behalf of the brokers or can be deployed and managed in house by the
brokers as required.
All incoming order flows pass through a risk management component before being
released to the exchange. Risk management includes margin calculation, position
limits (max/long/short/net) and activity limits (max/day). Each account's incoming
orders are proceeded sequentially and treated as 'pending'. Incoming orders are
assumed filled for margin calculation purpose before they are released to the
exchange.