I placed a bid on the ER2 and I'm pretty sure I was the highest bid and first at that price. There was a sell market order and I was not filled. I placed the bid on Interactive Broker to GLOBEX. I look at the TradeStation Time and sales and it says the exchange was CME. I thought that there was only (1) exchange for futures unlike stocks.
Globex is the electronic platform of the CME. All kinds of stuff is traded on it now though. ER2 is traded via globex where a computer matches trades. There is no market maker, etc to blame. I'm not sure what happened with your order, but I have traded thousands of times via Globex and very rarely have problems.
* Chicago Board Options Exchange (CBOE) * Chicago Board of Trade (CBOT) * Chicago Mercantile Exchange (CME): o Chicago Butter and Egg Board [merged] o International Monetary Market (IMM) [merged] * Chicago Climate Exchange * Intercontinental Exchange (ICE): o New York Board of Trade (NYBOT) * Intrade [unregulated] * Kansas City Board of Trade (KCBT) * Minneapolis Grain Exchange (MGEX) * New York Mercantile Exchange (NYMEX): o Commodity Exchange (COMEX) (merged) * OneChicago [Single-stock futures (SSF's) and Futures on ETFs] * U.S. Futures Exchange (USFE)
Globex is run by CME. I think orders on Globex are pro rata, so a bigger order than yours will get a fill before you do even if you were first.
Yes, my misktake, only a few products like Euro Dollars futures are pro rata, the vast majority like ER2 are FIFO.