Request for Quote (RFQ)

The migration of options markets to the screen has been dramatic in recent years, with over 66% of options now traded electronically. The use of Request for Quotes (RFQ) on CME Globex has played a key role in enabling that transition to occur by allowing traders to electronically execute multi-leg and hedged options strategies.

https://www.cmegroup.com/trading/cme-direct/images/directed-rfq-1400x500.jpeg

Style

full-width

Find the right Trading Challenge for you

Style

padding-top-l

An electronic notification sent to all CME Globex participants that expresses interest in a specific strategy or instrument. The sender can request a specific size on the RFQ but is not obligated to show any preference as a buyer or seller.
An RFQ is automatically disseminated to the marketplace when a user creates a request for a specific instrument type. This can be a multi-legged spread or a single instrument type. The RFQ alerts interested participants to submit bids and offers on the specified instrument. A user can also submit an RFQ on an existing instrument where there is no market.
Responding markets are active and tradable. You can hit, lift, post a bid or offer or continue to monitor the market. Just like all trading activity on the CME Globex central limit order book, the RFQ market is completely anonymous.

RFQ Market Maker Contact List
Futures RFQs 101

accountID

49919183001

videoID

4533979367001

playlistId

playlistLocation

aspectRatio

16:9

language

defaultPlaylistPoster

layout

50-50

arrange

1-1

Key Benefits

Style

padding-top-m

Allows participants to get competitive quotes, even during times of low market activity

Request multi-leg spreads as one market on screen. With the creation of a spread, traders can execute option strategies at one price eliminating leg risk

Speed, transparency, and easy access of electronically traded markets, with the flexibility and efficient price discovery of a brokered market

Style

white-background

Style

padding-bottom-l