Request for Cross (RFC): CME Group Interest Rate Options

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This recorded tutorial discusses how to place Request for Cross (RFC) on CME Globex and how RFC pertains to trading interest rate options at CME Group. The tutorial includes:

  • Explanation of Pre-Execution Communications
    • Discussions between market participants to discuss interest in execution of transaction before exposure of the order to the market. Customers must give permission to do this; not permitted in open outcry.
  • Explanation of Request for Cross (RFC)
    • Allows a sales desk to enter an options buy order and sell order on one ticket.
  • RFC Requirements
    • RFC allowed for all options listed at the CME Group exchanges, with the exception of CBOT Agricultural options.
    • There are time requirements to submit RFQ (Request for Quote) and RFC
  • CME EOS Trader and the “Smart Ticket”
    • Supports RFC functionality, built in logic accounts for time limitations.
  • RFC Matching
  • Relevant Links

Contacts

Products and Services
David Reif
+1 312 648 3839
david.reif@cmegroup.com

Market Regulation
Erin Schwartz
+1 312 341 3083
erin.schwartz@cmegroup.com

Robert Sniegowski
+1 312 341 5991
robert.sniegowski@cmegroup.com

Video length: 5:47