Effective June 1, changes will be implemented regarding the Alternative Minimum Quote Life (MQL) for certain FX spot products traded on the EBS Market using the CME Globex platform. Specifically, the MQL for FXSPOT.EUR/USD will decrease from its current duration of 10 milliseconds to 5 milliseconds.
Additionally, there will be a complete removal of the Alternative MQL for the FXSPOT.AUD/USD product, which is presently set at 3 milliseconds.
The Alternative MQL is an attribute utilized for instruments, identifiable as altMinQuoteLife in the CME Reference Data API and associated with FIX tag 37738-AltMinQuoteLife in the MDP 3.0 Security Definition messages.
These adjustments have been made available for customer testing as part of the latest release.