The Lab

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Comment: Published by Scroll Versions from this space and version 1.5.79

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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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VenueMessageNoStrategyParameterNameNoStrategyParameterTypeVenue CommentMarketFactory Comments
cboefx_fixproxyNewOrderMultiLegAlgoUrgencyIntLow(0), Medium(1) or High(2)
Default: Low for Algo Sessions.		For Algo orders
cboefx_fixproxyNewOrderMultiLegAlgoUrgentLimitPricePrice
For Algo orders
cboefx_fixproxyNewOrderMultiLegAlgoSuspendLimitPricePrice
For Algo orders


Warning
titleCBOE FX Central No Longer Supported

CBOE has shut down its “CBOE FX Central” offering. The last day of trading was 2025-11-14.

Maker

QuoteLayers

NDF: By default QuoteLayers are available for NDF and Cboe does not recommend more than 3 layers.

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Note
titleUnderlyingQty

All possible MDEntrySizes are under UnderlyingQty section of QuoteRequest message sent to Client

CboeCentral Taker

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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.

Please refer to Order Management#PeggedOrders for more details.

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