Market Matters
Katie Micik DTN Markets Editor
Fri Jun 12, 2015 11:02 AM CDT

CME Group is rolling out a new futures order type for agriculture products next Monday to help smooth the transition to electronic-only trade, and experts believe the new trade at settlement (TAS) order type has beneficial aspects for the grain industry.

TAS, as it's commonly referred to, allows market participants to buy or sell futures contracts during the day equal to the yet-to-be-determined market settlement price plus or minus 4 ticks, said CME Director of Commodity Products Tim Andriesen. One tick is one-quarter of a cent.

During harvest, this could give grain elevators the ability to pre-hedge the bushels they ...

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