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Block Trades

A block trade is a privately-negotiated futures or option transaction executed apart from the public auction market (ex-pit transaction). It allows Eligible Contract Participants to engage in trades in eligible products to initiate or liquidate futures or option position(s), provided the block trade meets the minimum order size requirement.

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Differential Spreads

With Single Line Entry of Differential Spreads (Sleds), IRGIT CH ClearGate® allows simple futures calendar spreads to be matched at a differential price. This allows buyers and sellers to set their leg prices as they see fit. The only requirements are that the leg prices remain within the spread range established for that trading day, the leg prices are at the product tick level, and the prices conform to the differential price.

A Calendar spread consists of two instruments with the same product with different maturity months. The individual contracts that institute a single spread are referred to as the legs of the spread.ubmitted to clearing on a next-day basis.

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Fungibles

The fungible offset functionality allows customers to offset specific contracts with their mini and micro counterparts at a specified ratio. This is accomplished using IRGIT CH ClearGate®  and to be used for liquidation only.

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Transfer Trades

Firms use transfers to move trades from one account to another or to correct errors for a variety of reasons.

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