Spreads and Combinations Available on CME Globex

Spreads and Combinations Available on CME Globex

This topic describes the spread and combination instrument types available on the CME Globex platform.

A spread or combination instrument represents the simultaneous purchase and/or sale of two or more different but related instruments (legs), depending upon spread definition.

All multilegged instruments are technically defined as 'Combinations' in CME Group reference data services, and are commonly referred to as spreads.

Table of Instrument Types

This table shows the combination types supported on CME Globex.

Instrument Type

SecuritySubType

Futures

Options

Cash

Exchange Listed

User Defined

Instrument Type

SecuritySubType

Futures

Options

Cash

Exchange Listed

User Defined

AI Averaged Price Implied

AI

 

 

 

CB Crack Box

CB

 

 

 

BF Butterfly

BF

 

 

 

BO Butterfly

BO

 

 

 

DF Double Butterfly

DF

 

 

 

SP Standard Calendar

SP

 

 

EQ Calendar

EQ

 

 

 

FX Deferred Calendar

FX

 

 

 

SD Calendar

SD

 

 

 

EC Calendar

EC

 

 

 

CF Condor

CF

 

 

 

CO Condor

CO

 

 

 

C1 Crack One-One

C1

 

 

 

PK Pack

PK

 

 

 

RT Reduced Tick

RT

 

 

 

FS Strip

FS

 

 

SA Average Price Strip

SA

 

SB Balanced Strip

SB

 

 

SR Strip

SR

 

 

 

WS Unbalanced Strip

WS

 

 

IS Inter-Commodity Futures 

IS

 

 

 

XS Inter-Commodity Strip

XS

 

 

DI Inter-Commodity

DI

 

 

 

IV Implied Intercommodity

IV

 

 

 

BC Buy-Buy Inter-Commodity

BC

 

 

 

IP Inter-Commodity

IP

 

 

 

RI Reduced Tick Inter-Commodity Spread

RI

 

 

 

EO Reduced Tick Options

EO

 

 

 

SI Soy Crush

SI

 

 

 

MS BMD Strip

MS

 

 

 

IN Invoice Swap

IN

 

 

 

SC Invoice Swap Calendar

SC

 

 

 

SW Invoice Swap Switch

SW

 

 

 

TL Tail

TL

 

 

EF Inter-Exchange Reduced Tick Ratio

EF

 

 

 

HO Calendar Horizontal

HO

 

 

 

DG Calendar Diagonal

DG

 

 

 

ST Straddle

ST

 

 

 

SG Strangle

SG

 

 

 

VT Vertical

VT

 

 

 

BX Box

BX

 

 

 

CC Conditional Curve

CC

 

 

 

DB Double

DB

 

 

 

HS Horizontal Straddle

HS

 

 

 

IC Iron Condor

IC

 

 

 

12 Ratio 1x2

12

 

 

 

13 Ratio 1x3

13

 

 

 

23 Ratio 2x3

23

 

 

 

RR Risk Reversal

RR

 

 

 

GD Average Priced Strip Combination

GD

 

 

 

XT Xmas Tree




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