The Bids panel allows you to create new and edit existing producer facing bids and offersbid. To add the Bids panel click on Connect in the main toolbar and select Bids from the Hedge grouping.
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The far left column contains actions where the bid can be synchronized (published to producersbid is present and in the same state in both Connect and CQG), edited or deleted.
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Create New Bid
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When opting for a bid based on an underlying futures contract, select the expiration from the drop down and then enter in your basis. The futures last traded price will display next to the symbol for reference.
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Once all fields are completed, you can check the Synchronize with Hedge Management box. Synchronized means that the bid is present and in the same state in both Connect and CQG. If it gets updated in Connect or CQG separately without using cmdtyVIew (say, a change in the basis), then the bid window will show ‘Hedge Management Mismatch’’ and will display a synchronization option as shown below.
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Edit Existing Bid
To make changes to an existing bid, click on the ‘Edit’ button in the action column to the far left of the bid.
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Once selected, the Edit Bid dialogue will display where the description, delivery start and end, futures contract and basis / price can be updated.
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Once finished, click the Edit button and the bid will be updated and published to producers.
Delete Bid
To delete a bid, click on the ‘trash can' icon to remove the bid from public view.
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