Scenario 2 - Mass Quote Response to RFQ

Owned by CME Group
Apr 26, 2024
1 min read

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 (tag 35-MsgType=R) message to the market. In the market data Request for Quote, CME Globex assigns a new value to tag 131-QuoteReqID.

This figure shows a Mass Quoter sending an iLink Mass Quote (tag 35-MsgType=i) message to CME Globex. CME Globex responds with a market data Incremental Refresh (tag 35-MsgType=X) message to the market.



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