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A resting quote that trades and an aggressing (arriving) quote that trades will both cause the customer’s MQP(s) to tally.

  • If a resting quote causes the customer’s MQP tally to trigger their MQP threshold value, then the customer’s resting quotes will be cancelled.
  • If an aggressing quote causes the customer’s MQP tally to trigger their MQP threshold value, then the customer’s resting quotes including the remaining unprocessed quotes in the inbound Mass Quote message will be

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  • cancelled.
Info
The table's “reference value” is an operational, shorthand term and not a CME Globex message value.

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