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Reduced Tick Spread (RTS) instruments are spreads that trade at a smaller tick from that of their component outright legs. These instruments are traded in a separate RTS market.  

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<p><a href="http://www.cmegroup.com/education/overview-of-reduced-tick-spreads.html" target="_blank" rel="nofollow"><img src=http://www.cmegroup.com/globex/images/eid-thumb.png alt="Reduced Tick Spread Instruments video"></a></p>

Single Line Entry of Differential Spreads (SLEDS) for Calendar Futures

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