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X_TRADER® Documentation

Submitting a Mutual Offset Order

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X_TRADERlets you submit Mutual Offset System (MOS) orders. The MOS agreement between the Chicago Mercantile Exchange (CME) and the Singapore Exchange (SGX) lets you open a futures position on one exchange and liquidate it on the other. This is one way to manage your overnight risk.

The agreement includes the following instruments:

  • Eurodollars
  • Euroyen TIBOR
  • Nikkei - Yen
  • Nikkei - Dollar

You must designate a trade as an MOS trade prior to submitting.  

To submit a Mutual Offset order...

  1. From the Control Panel, click the Settings menu and choose Customer Defaults.
  2. Find the Customer Default row you want to designate as Mutual Offset trades and set the Acct field to G2.
  3. In the Give Up column, you must specify the account by completing the following two steps:
  • Type SX as the first two letters.
  • Type the clearing firm number. (This is a number between 1 and 3 digits.)

Example: You set the Give Up column to SX123, where 123 is the mutual offset for Eurodollars.

  1. Close the Customer Defaults dialog box.
  2. Open a Market window with the instrument you want to trade.
  3. In the Routing section, click the <Default> field and select the MOS customer from the list.
  4. Add or change any necessary information (e.g., quantity, price, order type, time in force)
  5. Click Buy or Sell to execute.