Application System Types

The following types are available in the "Application System Form" when adding an application system.

• Automated Trading System - A trading method in which a computer makes decisions and enters orders without human intervention. This is a programmatic way of representing the trader.
• Client Systems Security Ecosystem - Test suite enables companies to verify with CME Group that the client systems security ecosystem requirements have been completed. Client systems security ecosystem requirements include strong passwords, encryption of confidential and sensitive data and two-factor authentication.
• Non-Automated Trading System - Orders that are submitted to CME Globex by an individual directly entering the order into a front-end system, typically via keyboard, mouse or touch screen, and which is routed in its entirety to the match engine at the time of submission.
• Quote Vendor System - Application system developed by a 3rd party which disseminates the actual price, bid, or asked price of cash commodities or futures contracts but does not provide order entry capability.
• Semi-Automated Trading System - Trading system that is not fully automated and still requires some human interaction.