globex_orders

BEST Direct uses the CME's FIX API connection for routing orders directly into GLOBEX2. This bypasses the TOPS order routing system providing traders with a direct connection to GLOBEX2.

When you place an order through BEST Direct, a small packet of information is sent from your computer to BEST Direct. This checks your account for sufficient margin then passes your order through the FIX API into GLOBEX2. Once filled, a fill report is sent out of GLOBEX2 to BEST Direct, which is immediately sent back to you, the client.

BEST Direct was one of the first online trading platforms to be chosen to route orders directly into GLOBEX2 via the FIX API.

For more information on how the CME handles electronic markets, click here.

 


Order Routing Chart