Event contracts provide access to some of our most recognized global products, including metals, energy, equities, and foreign currencies. Additionally, non-tradable underlying futures are listed to support the options. Event contracts are listed on
This topic provides an overview of the concepts with which clients must be familiar to process event contracts.
See also:
Contents
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Mass Quote Protections and Price Banding Functionality
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To support event options contracts the following are available on the CME Reference Data API service:
The subtype=EVENT value is only eligible for Event Contracts.
The fixPayout attribute is populated "null" for non-Event Contracts.
fixPayout = The fixed payout amount for any in-the-money strike.
Relationship Link - Links the non-tradable futures product to the tradable futures product. The referenceProduct is only present for Event Contracts.
referenceProduct
Example: Structure for Direct Link to Event Options Contracts Tradable Product
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"instruments" : {
"href" : https://api.refdata.cmegroup.com/v3/products/[guid]/instruments
}
Event Contract Outright Futures vs Synthetic Future Differences
Below are differences between Event Contract Outright Futures vs Synthetic Futures.
Type | Settlement |
|---|
Price | Sends Intraday Prices | Order Entry Allowed | Description | |
|---|---|---|---|---|
Non-tradable Synthetic Future | Yes | No | No | The underlying non-tradable synthetic future, denoted by the event contract Security Definition 35=d tag 309-UnderlyingSecurityID or Reference Data API. |
Tradeable Outright Future | Yes | Yes | Yes | The link for tradeable outright future is obtained via reference data API. See the Reference Data API section for more details. |