• Correction - Reduced Minimum Quote Life (MQL) for ON and OFF SEF Asian 1M NDFs

      • To
      • EBS Customers
      • From
      • CME Group
      • #
      • 20230518b
      • Notice Date
      • 18 May 2023

    • The EBS Market CME Globex Notice published this morning included an incorrect list of products impacted. The correct notice is available below:

      Reduced Minimum Quote Life (MQL) for ON and OFF SEF Asian 1M NDFs

      Effective Sunday, June 4 (trade date Monday, June 5), the Minimum Quote Life (MQL) for the following ON and OFF SEF products traded on EBS Market on CME Globex via the legal entities NEX SEF (ON SEF) and EBS UK MTF (OFF SEF) will be reduced to 500 milliseconds, currently MQL is set to 1 second.

      PRODUCT MDP 3.0: TA 6937-ASSET ILINK: TAG 55-SYMBOL
      MDP 3.0 TAG 1151 - SECURITY GROUP      		 MARKET TYPE
      Chinese Yuan 1 Month CNY1M RNDF EBS Market
      Chinese Yuan 1 Month SEF CNY1MS SNDF EBS Market
      Indonesian Rupiah 1 Month IDR1M RNDF EBS Market
      Indonesian Rupiah 1 Month SEF IDR1MS SNDF EBS Market
      Indian Rupee 1 Month INR1M RNDF EBS Market
      Indian Rupee 1 Month SEF INR1MS SNDF EBS Market
      Korean Won 1 Month KRW1M RNDF EBS Market
      Korean Won 1 Month SEF KRW1MS SNDF EBS Market
      Malaysian Ringgit 1 Month MYR1M RNDF EBS Market
      Malaysian Ringgit 1 Month SEF MYR1MS SNDF EBS Market
      Philippine Peso 1 Month PHP1M PNDF EBS Market
      Philippine Peso 1 Month SEF PHP1MS SPHP EBS Market
      Taiwan Dollar 1 Month TWD1M RNDF EBS Market
      Taiwan Dollar 1 Month SEF TWD1MS SNDF EBS Market

      This change will be available for customer testing in New Release on Monday, May 22.

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