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CME Globex to reduce Alternative MQL for FX Spot products on EBS Market

Maria Nikolova 0 Comments May 29, 2025

Effective this Sunday, June 1 (trade date Monday, June 2), the Alternative Minimum Quote Life (MQL) for FXSPOT.EUR/USD traded on EBS Market on CME Globex will be reduced to 5 milliseconds. Currently the Alternative MQL is set to 10 milliseconds.

In addition, the Alternative MQL for FXSPOT.AUD/USD traded on EBS Market on CME Globex will be removed. Currently, the Alternative MQL is set to 3 milliseconds.

Alternative MQL is an instrument attribute reflected as altMinQuoteLife on the CME Reference Data API and in FIX tag 37738-AltMinQuoteLife in the MDP 3.0 Security Definition (tag 35-MsgType=d) message.

These changes are now available for customer testing in New Release.

Maria Nikolova

Maria has been engaged in journalism for more than 17 years, providing Forex industry coverage for the past 10 years. Before joining FNG she was Managing Editor at FinanceFeeds. Prior to that, she worked at LeapRate. Maria has a Philosophy degree from the St. Kliment Ochridski university in Sofia. She has specialized in Cognitive Science in Vienna. Her interests include psychology, AI, and linguistics.