give-up system

give-up system
ACS ( Allocation Claim System) is the CME's electronic give-up system. ACS allows executing firms to give-up ( allocate) trades at the execution price to the designated carrying firms( s), utilizing their current trade entry systems and CME's Trade Management System. ACS may be utilized for trades executed and given up to a single firm, as well as trades given up to multiple firms. Chicago Mercantile Exchange Glossary

Financial and business terms. 2012.

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