Effective Sunday, April 12 (trade date Monday, April 13), the Minimum Quote Life (MQL) for several FX Spot products traded on EBS Market on CME Globex will be reduced to 1 millisecond. Currently MQL is set to 5 milliseconds.
Minimum Quote Life (MQL) is an instrument attribute reflected as minQuoteLife on the CME Reference Data API and in FIX tag 37731-MinQuoteLife in the MDP 3.0 Security Definition (tag 35-MsgType=d) message.
In addition, the Alternative Minimum Quote Life, FIX tag 37738-AltMinQuoteLife, for FXSPOT.EUR/USD traded on EBS Market on CME Globex will be reduced to 1 millisecond. Currently Alternative MQL is set to 5 milliseconds.
