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CME Globex to reduce Minimum Quote Life for select FX Spot products

Maria Nikolova 0 Comments March 19, 2026

Effective Sunday, April 12 (trade date Monday, April 13), the Minimum Quote Life (MQL) for several FX Spot products traded on EBS Market on CME Globex will be reduced to 1 millisecond. Currently MQL is set to 5 milliseconds.

Minimum Quote Life (MQL) is an instrument attribute reflected as minQuoteLife on the CME Reference Data API and in FIX tag 37731-MinQuoteLife in the MDP 3.0 Security Definition (tag 35-MsgType=d) message.

In addition, the Alternative Minimum Quote Life, FIX tag 37738-AltMinQuoteLife, for FXSPOT.EUR/USD traded on EBS Market on CME Globex will be reduced to 1 millisecond. Currently Alternative MQL is set to 5 milliseconds.

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.