Effective Sunday, March 9 (trade date Monday, March 10), CME Group is adding a new feature to BrokerTec Stream: Client to Client (C2C) Matching Logic.

This new feature will allow clients to participate in Client to Client matching by configuring relationships with other Liquidity Consumers (LC), creating an increased liquidity pool. Enabled clients submitting Day orders to the Sweepable market segment are treated as C2C prices available to match with other LCs.

This new functionality includes the following enhancements:

• Wider range of quotes as clients are able to match with LC aggressive orders
• Increase in fill ratio for resting orders
• Only supported through ECN
• Available for Sweepable market segments

This is currently available for clients to test in New Release. Clients are strongly encouraged to test this upgrade. Conformance testing for C2C functionality is only required for clients who have not already certified for Day orders or Sweepable market segment.