Submitting Mass Quotes allows authorized CME Globex customers to create and maintain a market on a large number of instruments simultaneously. Mass Quote messages are accepted only during the Continuous Trading market state. All resting quotes are cancelled during post-session processing.
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Mass Quote and Quote Cancel messages containing more than 15 quote sets or entries will be rejected with the Business Reject message (tag 35-MSGType=j), with tag 58-Text=Number of quote entries exceeds the maximum number authorized. Value specified <#QEs-customer-sent> max authorized 15. |
Mass Quotes allow authorized customers to:
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The authorized customer can modify their resting quotes by sending in another Mass Quote message with the same identification (tag 107-SecurityDesc and tag 299-QuoteEntryID). The identification must be unique per session per day. This unique identifier is the responsibility of the customer and is not validated by the trading engine.
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If there is a resting quote from the same Mass Quote customer with a different identification, CME Globex rejects the incoming quote and cancels the resting quote for the same instrument. |
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