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