Scenario 1 - New Order Response to RFQ

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

CME Globex responds with an iLink Quote Acknowledgment (tag 35-MsgType=b) message back to the client system and broadcasts the market data  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 New Order (tag 35-MsgType=D) to CME Globex. CME Globex responds with a market data Incremental Refresh (tag 35-MsgType=X) message to the market.