Mass Quote Protections (MQP)
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Mass Quote Protections (MQP) User Help System
Mass Quote Protections (MQP) is a user selected function that, in certain situations, can automatically cancel resting quotes and time-out for user specified Group Codes, Product Line and Aggregate Product Lines.
Mass Quote Protections (MQP):
- Available for CME Globex options on futures quote trades.
- Dependency on asset class rules.
- User selected and configured thresholds.
- Activated by an initial mass quote fill that breaches threshold(s) in the exchange defined time internal (one-second).
- Evaluates submitted details of tag 35-MsgType=d security definition against user configured thresholds.
- Cancels resting quotes and rejects additional Mass Quote messages until a reset message is submitted.
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