About Globex

Globex is the world's leading electronic trading system, with global access to the most diverse Range of futures and options across all asset classes. The Chicago Mercantile Exchange (CME) designed it and debuted it in 1992.

Electronic trading is made possible by CME Group technology, which gives customers throughout the world essentially 24-hour access to global markets. CME Group provides Market participants with a number of connection options. More than 150 nations and overseas territories have access to the platform.

History of Globex

In 1987, the development of a new electronic system was started with the objective of improving futures trading at the CME. Throughout the following five years, the system underwent several modifications and improvements, culminating in the first electronic futures trading on the new system in 1992. Globex was built on Reuters technology when it originally started. Because it was the first worldwide electronic trading system to offer off-hours trading in exchange contracts, the system was dubbed a Pre/Post Market Trading system from the start.

Eligibility Criteria

To be eligible for CME Globex, users must have a CME Group clearing firm connection, a CME Group-certified trading application, and connectivity to CME Globex. The CME and many other major commodities exchanges, including Commodity Exchange, Inc. (COMEX), the New York Mercantile Exchange (NYMEX), and the Chicago Board of Trade (CBOT), are all owned by CME Group.

How Does it Work?

The commencement of the CME Globex session, which normally takes place in the afternoon or evening, signals the start of the following trading day. Orders placed during Tuesday's evening session, for example, are dated for Wednesday and cleared on Wednesday. Between the closing and re-opening of each of the five daily sessions, there are brief 30 to 60-minute pauses, depending on the asset class.

Overview of CME Globex System

CME Globex is the first derivatives platform to provide worldwide access to all major asset classes, including stock indices, agricultural, energy, metals, weather, and Real Estate. It has major Partnerships with international exchanges, including the Korea Exchange (KRX), Dubai Mercantile Exchange (DME), Bursa Malaysia (BMD) and Minneapolis Grain Exchange (MGEX), give global market visibility.

The CME Globex system was the first worldwide electronic trading system for futures and Options Trading, and it is still one of the quickest. The technology executes trades in milliseconds and confirms them to the customer.

CME Globex gives you access to the widest range of futures and options products available on any exchange, practically 24 hours a day, from anywhere on the planet.