User Max Qty Limits

Use User Max Qty Limits to view and manage maximum allowable CME Direct order limits for the following order types: outright, intra-commodity spreads, strips and inter-commodity spreads. Orders in excess of set limits will be rejected.

  • To view and manage User Max Qty Limits:
  1. Select the User Max Qty Limits menu, then perform a search.

Available criteria:

  • Clearing Member
  • User Name
  • Firm Name

Search results include the following:

  • User: User name (Account Number).
  • Role: Trader or Broker.
  • Limits Status: Indicates if limits are active / inactive.
  • Firm: User's firm.
  • Clearing Member: Clearing firm that clears the user's trades.
  • # of Products Set: Products with limits.

  1. To edit user information select the blue hyperlink user name.
  2. Select from the following functions:

User Settings

  • Deactivate: From the User Settings pane, select to Deactivate / Activate.

Prevent or Allow the selected user from submitting trades to the CME Globex platform.

User Max Qty Limits - Specify or copy product limits from an existing user, to another user or update multiple via the upload process.

Filter

  1. Quadrant: Filter by product quadrant, filters available Category selections.
  2. Category: Filter by product category, automatically selects the Quadrant.
  3. Show all products with limits: Limit the product list only to products with limits. only these products.

User Max Qty Limit functions

  1. Copy: Copy product limit settings for the current user, then apply to a maximum of five selected users.

After selecting and copying to the selected user(s), select the confirmation dialog to continue.

  1. Edit: Set maximum quantity per order limits, then select Submit to finalize.

To prevent order entry for the specified product and order type, enter a limit of zero (0).

Orders in excess of the set limits will be rejected.

Spreads: Spread limits apply only to spread orders, not the component legs. If only Outright limits are set, limits will impact spread orders by extending the limit to each component leg of a strategy.

Example: If Crude Oil / Futures have an Outright limit of 100 and all spread limits are “unlimited”, any attempts to submit a 100-lot butterfly in Crude Oil / Futures would fail because the component legs would be treated as an individual order and validated against the Maximum Order Quantity limit. Leg 1 has a quantity of 100; Leg 2 has a quantity of 200 and Leg 3 has a quantity of 100. Leg 2 violates the limit, so the order may not be submitted.

  1. Download: View a single user's limits by downloading product settings in a spreadsheet.
  1. Upload: After downloading and updating the product limits spreadsheet, upload to update multiple user limits.

Multiple User Limits - Upload

Manage multiple user limits by downloading product settings as a spreadsheet, updating product limits, then uploading.

  • To update multiple user limits:
  1. Select the User Max Qty Limits menu, then perform a search.

  1. From the search results, select a User.
  2. From the User Max Qty Limits pane, select Download.

Default User settings are filtered to show only products with individual limits, but the downloaded spreadsheet includes all available products.

  1. Open the spreadsheet, enter necessary product limits updates; Outrights, Intra-Commodity Spreads, Strips, Inter-Commodity Spreads.

Note: To add users, copy and paste a row, then update the differences.

  1. For updated rows, enter X in the ACTION column, then Save.

  1. From the User Max Qty Limits pane, select Upload, then Choose / Browse to the file.

  1. Select Upload & Verify

The system validates submissions and a message indicates validation results; including rows and details to update (if applicable) before submitting.

  • Error: When an error is detected a message appears and indicates a recommended resolution. Select New, then choose an updated spreadsheet.

 

  • Success: After validation, a message indicates the updated rows and details.

  1. To finalize, select Submit.