CME Quoting Both Sides

cjbuckley4 said:
I should be less hesitant to call them in the future. I hear they're pretty helpful.
More...

Yes, of course. They don't bite. They want more business. I'm always amazed that people hesitate to get the story from the horse's mouth, instead of relying on anonymous chatters.
 
cjbuckley4 said:
I've seen some limited information on this from @xandman (whom I probably owe a direct message), but does anyone here have any information on what it takes to quote both sides on a CME exchange? Must one become a designated market maker as this seems to imply? I've seen some posts on the TT forum about this as well. Also, in the event quoting both sides is allowed, does the SMP functionality with CME apply to individuals? The language in the description seems to imply it's per firm. Since placing orders on both sides is probably impossible for individuals, what have people done to get around this? I hesitate to use some kind of multi account or multi FCM approach, but I'm open to reading about how other people have dealt with this.

Furthermore, is it correct that some European exchanges such as EUREX will allow this? I've found some limited information suggesting that they do, but it's quite old.

Thanks.
More...

you can quote both sides no problem. we don't have any probs with quoting unless we go over 1000:1 quote/fill ratio. sometimes an issue if you are aggressive on an autospreader.
 
Depends on the product? According to CME for ES its 30:1 message to fill ratio at the executing firm level. Or do they count this by customer? I would assume the broker isnt too keen on eating the surcharges for excessive messaging..
 
You must log in or register to reply here.
Back
Top