Effective this Sunday, June 1 (Monday, 2 June), the alternative minimum life offer (MQL) for FXSPOT.EUR/USD trading on the EBS market at CME Globex will be reduced to 5mm of a second. Currently, the alternative MQL is set at 10mm.
In addition, the Alternative MQL for FxSpot.aud/USD negotiated on the EBS market in CME Globex will be removed. Currently, the alternative MQL is set to 3 milliseconds.
Alternative MQL is an instrument feature that is reflected as Altminquotelife on CME Reference Database and the Fix 37738-Altincinquotelife message in the Security MDP 3.0 (35 MSGTYPE = D) message.
These changes are now available for customer tests in a new version.