Scenario 1 - New Order Response to RFQ

In this figure, the client system sends an iLink Request for Quote (tag 35-MsgType=R) message.

CME Globex responds with an iLink Request for Quote Acknowledgment (tag 35-MsgType=b) message back to the client system and broadcasts the market data MDP 3.0 - Request for Quote message to the market. In the market data Request for Quote, CME Globex assigns a new value to tag 131-QuoteReqID.

Another market participant sends an iLink iLink New Order - Single (tag 35-MsgType=D) to CME Globex. CME Globex responds with a market data MDP 3.0 - Market Data Incremental Refresh (tag 35-MsgType=X) message to the market.