Currently, CQG supports UDS on CME, Eurex, Euronext, ICE, Montreal, and Turquoise.
CME
Read more about CME UDS on the CME website
CME rejects strategies citing a reverse buy/sell indicator.
For example, instead of buying a short straddle you should sell a long straddle, as these two strategies are equivalent: Buy UDS(-P.CLEK55050-C.CLEK55050) = Sell UDS UDS(P.CLEK55050+C.CLEK55050) =>(-P.CLEK55050-C.CLEK55050)= -(P.CLEK55050+C.CLEK55050).
Use these strategies instead:
To place… |
use… |
Back Spread Call |
Ratio Spread Call |
Back Spread Put |
Ratio Spread Put |
Bear Call Spread |
Bear Put Spread |
Bull Put Spread |
Bull Call Spread |
Christmas TreeCall, Short |
Christmas TreeCall, Long |
Christmas TreePut, Short |
Christmas TreePut, Long |
Iron Butterfly Long |
Iron Butterfly Short |
Straddle Short |
Straddle Long |
Strangle Short |
Strangle Long |
Synthetic Underlying Short |
Synthetic Underlying Long |
If your order is rejected by an exchange, make sure the strategy is correctly defined according to exchange rules.
CME includes CBOT, CME, COMEX, and NYMEX.
Eurex
Read more about Complex Orders Strategy Types on Eurex
Copy and paste this link into your browser:
https://www.eurex.com/ex-en/trade/order-book-trading/trading-in-complex-instruments/strategy-trading-13030
Euronext
Read more about strategies on Euronext
ICE
ICE includes ICE US, ICE EU Commodities, and ICE EU Financials.
Read more about ICE UDS on the ICE website
Montreal Exchange
https://www.m-x.ca/f_publications_en/understanding_uds_en.pdf