iLink 2 Tag 9775-UnsolicitedCancelTypes Table of Values
The following table identifies the unsolicited cancel code values, reason and business description.
Unsolicited | Reason | Business Description |
---|---|---|
A | Hard disconnect (cancel all) | In the event of any customer hard disconnect, all resting quotes are cancelled. Upon reconnect, the customer will receive a iLink 2 Quote Acknowledgment message confirming cancellation. |
B | Cancellation has been triggered by Mass Quote Messaging Thresholds | A customer can receive this value on an unsolicited cancel if their session exceeds their allowable mass quotes per second threshold. |
C | Eliminated All | The GCC has the ability to cancel all resting quotes. In this event, the customer receives a Quote Acknowledgment message for each instrument group for which they are permissioned confirming cancellation for each instrument group. Note - the following required tags will not be returned on the iLink 2 Quote Cancel Acknowledgment:
|
D | Eliminated Group | The GCC has the ability to cancel all resting quotes for an instrument group. In this event, the customer receives a Quote Acknowledgment message confirming cancellation for this instrument group. Note - the following required tags will not be returned on the iLink 2 Quote Cancel Acknowledgment:
|
E | Expired – transition out of Continuous Trading state | If the market transitions out of the continuous trading state as indicated in a market data Security Status (tag 35-MsgType=f) message, the CME Globex platform cancels all resting quotes when the instrument group enters the "closed" state. For all instrument groups, the customer subsequently receives a Quote Acknowledgment message confirming cancellation for each instrument group that changed state and for which they are permissioned. Note - the following required tags will not be returned on the iLink 2 Quote Cancel Acknowledgment:
|
F | Cancellation has been triggered by Mass Quote Protection | The customer receives a Quote Acknowledgment message with tag 9775-UnsolicitedCancelType=F when the cancellation has been triggered by Mass Quote Protections. |
H | Quotes Cancelled due to Self Match prevention | See CME Globex Self Match Prevention. |
I | Quotes cancelled due to resting quantity less than minimum lot size | Resting quantity is less than the minimum lot size. |
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