Request for Quote

The Request for Quote (RFQ) panel allows cmdtyView users to view CME Group, KCBT and MGEX listed User Defined Spreads (UDS). A UDS is a multi-legged instrument that is created and quoted on the CME Globex Platform. Market participants define the underlying instruments, ratios, and deltas used in the spread and then submit their UDS to the exchange. If accepted by the exchange, the CME will then create and broadcast that tradable instrument to the market. To insert the RFQ panel to your workspace, click on Options in the main toolbar and then select Request for Quote.

 

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Exchange Coverage

Below are the exchanges the RFQ panel in cmdtyView covers for UDS functionality.

  • CBOT

  • CME

  • COMEX

  • COMEX (Mini)

  • CME (Mini)

  • Kansas City Board of Trade

  • Minneapolis Board of Trade

  • NYMEX

  • NYMEX (Mini)

 

After adding the UDS panel to your workspace, you will automatically see the most recently quoted spreads for the CBOT Corn futures (ZC) contract.

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Above, by clicking on the ‘Root’ dropdown you can then drill down your search for a specific instrument or option type.

 

For an instrument not listed on the CBOT, click on the Exchange drop down and select the desired exchange.

 

Once the exchange is selected, the listing of futures roots will update with currently quoted contracts. Select the futures contract and a new dropdown menu will display with various types of options contracts that spreads have been quoted for.

 

Selecting CL Crude WTI will automatically pull in all of the UDS instruments that are currently being quoted and/or traded that contain American CL options.

Newly quoted and/or traded instruments automatically display at at the top of the panel.

 

UDS Types

The table below lists the type and name of the available UDS instruments supported on CME Globex.

Type (Prefix)

Name

Type (Prefix)

Name

BO

Butterfly

CO

Condor

SA

Average Price Strip

SR

Strip

EO

Reduced Tick Options Spread

HO

Calendar Horizontal

DG

Calendar Diagonal

ST

Straddle

SG

Strangle

VT

Vertical

BX

Box

CC

Conditional Curve

DB

Double

HS

Horizontal Straddle

IC

Iron Condor

12

Ratio 1X2

13

Ratio 1X3

23

Ratio 2X3

RR

Risk Reversal

GN

Generic

GD

Average Priced Strip Combo

XT

X-Mas Tree

3W

3-Way

3C

3-Way Straddle Vs. Call

3P

3-Way Straddle Vs. Put

IB

Iron Butterfly

JR

Jelly Roll

GT

Guts

CV

Covered

SS

Straddle Strip

For more information on the types of spreads supported on CME Globex click here.