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The following table identifies the unsolicited cancel code values, reason and business description.

Unsolicited
Cancel Codes

Reason

Business Description

A

Hard disconnect (cancel all)

In the event of any customer hard disconnect, all resting quotes are cancelled. Upon reconnect, the customer will receive a iLink 2 Quote Acknowledgment message confirming cancellation.

BCancellation has been triggered by Mass Quote Messaging ThresholdsA customer can receive this value on an unsolicited cancel if their session exceeds their allowable mass quotes per second threshold. 

C

Eliminated All
(CME Globex platform-initiated; all resting quotes cancelled)

The GCC has the ability to cancel all resting quotes. In this event, the customer receives a Quote Acknowledgment message for each instrument group for which they are permissioned confirming cancellation for each instrument group.

Note - the following required tags will not be returned on the iLink 2 Quote Cancel Acknowledgment:

  • Tag 57-TargetSubID
  • Tag 143-TargetLocationID
  • Tag 1028-ManualOrderIndicator

D

Eliminated Group
(CME Globex platform-initiated)

The GCC has the ability to cancel all resting quotes for an instrument group. In this event, the customer receives a Quote Acknowledgment message confirming cancellation for this instrument group.

Note - the following required tags will not be returned on the iLink 2 Quote Cancel Acknowledgment:

  • Tag 57-TargetSubID
  • Tag 143-TargetLocationID
  • Tag 1028-ManualOrderIndicator

E

Expired – transition out of Continuous Trading state

If the market transitions out of the continuous trading state as indicated in a market data Security Status (tag 35-MsgType=f) message, the CME Globex platform cancels all resting quotes when the instrument group enters the "closed" state. For all instrument groups, the customer subsequently receives a Quote Acknowledgment message confirming cancellation for each instrument group that changed state and for which they are permissioned.

Note - the following required tags will not be returned on the iLink 2 Quote Cancel Acknowledgment:

  • Tag 57-TargetSubID
  • Tag 143-TargetLocationID
  • Tag 1028-ManualOrderIndicator

F

Cancellation has been triggered by Mass Quote Protection

The customer receives a Quote Acknowledgment message with tag 9775-UnsolicitedCancelType=F when the cancellation has been triggered by Mass Quote Protections.

HQuotes Cancelled due to Self Match preventionSee CME Globex Self Match Prevention.
IQuotes cancelled due to resting quantity less than minimum lot sizeResting quantity is less than the minimum lot size.