The Lab

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Old Version 13

changes.mady.by.user Hymavathi Velagapudi

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New Version 14

changes.mady.by.user Chandana Varsha

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Comment: Published by Scroll Versions from this space and version 1.5.70

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Note
titleMandatory Fields

OrderOriginationTrader must be populated with OEOID for NDFs:

OEOID ("Order Entry Operator ID") and will be required for all NDF Quote messages from Makers, and all NDF  NewOrderMultileg, MultilegOrderCancelReplaceRequest and OrderCancelRequest messages from Takers. Please send your OEOID as the PartyID for  PartyRole OrderOriginationTrader. Cboe will reject NDF messages that do not populate OEOID.

Settlement and MaturityDates:

For NDFs on Cboe SEF as a Taker, it is mandatory for the Client to send LegSettlDate and LegMaturityDate in the NewOrderMultileg message. This information is sent to the Client as part of the SecurityStatus message in corresponding ITCH/Bookfeed sessions.

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  1. NDF's are not supported
  2. No pegged orders and market orders
  3. OrderCancelReplace is not supported
  4. MarketData is available only on ITCH
  5. There is no Maker on CboeCentral

Collapse to Mid Pegged Orders

Collapse to Mid (CTM) orders are Pegged Orders with the discretion to match at the ECN-defined mid-point price.

Clients interested in trading CTM pegged orders should ensure the following conditions are met in the NewOrderMultileg:

  • PegPriceType = MarketPeg (AggressivePeg)
  • PegOffsetType = Price
  • BodyPassthruKey = CollapseToMid and BodyPassthruValue = Y
Note
titleCTM Pegged Orders Matching Criteria
  • CTM Pegged Orders will compete to match at the ECN-defined mid-point price from the start.
  • CTM Pegged Orders will match opposing orders with the same entitlement.

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