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Energy Trading with CQG
Enhanced DOMTraderTM
TradeFlowTM chart can be linked to the DOMTrader Order-Cancels-Order (OCO) orders now available Buttons for placing limit, current best bid or best ask orders Average price of position now marked on the price ladder Net price change and current total volume displayed Volume by price displayed numerically and by histogram bars Trailing Stop and Stop Limit orders now available Additional order modifiers: Fill and Kill, and Fill or Kill Displays net position for related futures Quantity buttons can increment/decrement by single click New, sleeker looking Fill reports and messages Study Values can now be displayed on the DOM Smart Orders are available in version 7.5 and higher
Order Routing Interfaces
SnapTraderTM
Trade right from the chart Small but powerful design leaves room for analytics Drag it anywhere on the chart Displays the inside market More order types are available by rolling the mouse over
the Buy or Sell buttons Click on the up or down arrows to set order prices Works on any time frame chart
Order Book The Order Book displays positions, open equity, and
working orders Cancel working orders Drag the Order Book anywhere on the chart
The TradeFlow chart is linked right to the DOMTrader. Select Trailing Stop (TSTP or TSTPL) and the price on the Stop Order will move with the market. Patent Pending
Traders use SnapTrader to place trades from the chart. Roll the mouse over the button to bring up order choices. The Order Book displays positions, open equity, working orders, and the ability to cancel orders. Patent Pending
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Order Routing Interfaces (continued)
Combination DOMTrader, standard and scalper style order entry buttons, and Orders and Positions window in one view
Order buttons update with the DOM ladder Displays recent trade sequence Keyboard order entry allows for typing orders directly into the
interface Choice of three different volume displays: 4Cumulative volume since start of session 4Cumulative volume since market hit price 4Last trade volume
Order Ticket
Combined Positions Display combined positions for related contracts Position Line will indicate the combined position Individual positions displayed in a mouse rollover balloon window
Order-Cancels-Order (OCO) Simultaneously set Target and Stop Loss orders Cancel multiple orders by one order
Manual Fills Log trades executed outside CQG into the FCM account Add, update, and delete pit traded and electronically traded fills Reconcile all trades in the FCM account against the statement
Trailing Stops/Stop Limit Support CQG Gateway automatically adjusts order price as the market moves Available for Stop or Stop Limit orders
TAS Orders Trade at settlement orders executed any time during the session Used by hedgers to manage the basis
Spread Orders Supported Crude oil products and crack spreads Bundles and pack spread orders
CQG XData Create synthetic instruments using CSV or tab-delimited text files Plot as a chart and apply CQG analytics
CQG API Import CQG functionality and data into an end-user application Obtain instruments’ market data, quotes, and sessions
CQG’s Order Ticket combines the Depth-of-Market ladder with standard and scalper buttons and an Orders and Positions tracking window.
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API Trading Templates
Spreads Trading Matrix View native data for exchange-traded intracommodity spreads and
synthetic data for user-defined intracommodity and intercommodity spreads Three types of spreads are supported: 4 Exchange-traded intracommodity (e.g. CLES1K07) 4 User defined intracommodity (e.g. CLEK7-CLEQ7) 4 User defined intercommodity (e.g. CLEM7-HOEM7) Set individual quantities for each leg of the spread
The Spread Trading Matrix is used to place and manage Market, Stop, and Limit Spread orders for exchange-traded spreads and trader-defined intracommodity and intercommodity spreads.
Price multiplier fields available for each leg View the inside market for each contract Define the price conditions to trigger spread orders Place Market, Limit, and Stop Spread orders Track and manage your orders in real time Select from multiple accounts for order routing
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API Trading Templates (continued)
Energy Trader Excel®-based template Customize the list of contracts you frequently monitor Place Market, Limit, and Stop orders Choose from a list of multiple accounts Inside market is displayed Size of last traded price is presented Last three trades are shown
The Energy Trading Template offers functionality to place Market, Limit and Stop orders while tracking the inside market and other market data for multiple markets.
Other market data detailed include: 4 Open, high, and low 4 Previous settlement 4 Total contract volume 4 Total open interest 4 Net change
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Symbol Description Instrument
BXA 3-Month Bankers Accept All Session Future
CB Canadian 10-Year Bond Future
ONX 30-Day Overnight Repo Rate Future
SXA S&P/TSX Gold Index Future
SXB S&P/TSX Financials Index Future
SXH S&P/TSX Information Technology Index Future
SXY S&P/TSX Energy Index Future
TP SP/TSE 60 Future
Tradable Symbols on CQG
Bourse de Montreal
BrokerTecSymbol Description Instrument
BUS02 US 2-Year Treasuries Fixed Income
BUS03 US 3-Year Treasuries Fixed Income
BUS05 US 5-Year Treasuries Fixed Income
BUS10 US 10-Year Treasuries Fixed Income
BUS30 US 30-Year Treasuries Fixed Income
CBOTSymbol Description Instrument
BO Soybean Oil Future
C Corn Future
DF Dow Jones Industrial Average Future
FF Fed Funds 30-Day Interest Rate Future
FV US 5-Year Treasury Note Future
O Oats Future
RC Rough Rice Future
S Soybeans Future
SM Soybean Meal Future
TU US 2-Year Treasury Note Future
TY US 10-Year Treasury Note Future
US US Treasury Bond Future
W Wheat Future
YC Mini-Sized Corn Future
YK Mini-Sized Soybeans Future
YW Mini-Sized Wheat Future
BO Soybean Oil Option
C Corn Option
DF Dow Jones Industrial Average Option
FV US 5-Year Treasury Note Option
O Oats Option
RC Rough Rice Option
S Soybeans Option
SM Soybean Meal Option
TY US 10-Year Treasury Note Option
US US Treasury Bond Option
W Wheat Option
CMESymbol Description Instrument
CA Canadian Dollar Future
ED Eurodollar 3-Month LIBOR Future
EU EuroFX Future
FC Feeder Cattle Future
LB Lumber Future
LC Live Cattle Future
LH Lean Hogs Future
ND NASDAQ 100 Index Future
NK NIKKEI 225 Future
PB Frozen Pork Bellies Future
SP S&P 500 Index Future
Symbol Description Instrument
ALE Aluminum Future
CPE Copper Future
GCE Gold Future
MLA London Primary Aluminium Future
MLK London Copper Grade A Future
MLZ London SHG Zinc Future
MQC miNY Copper Future
MQI miNY Silver Future
MQO miNY Gold Future
MQS Asian Gold Future
NQR Asian Platinum Future
NQT Asian Palladium Future
SIE Silver Future
ALES Aluminum Spread
CPES Copper Spread
GCES Gold Spread
MLAS London Primary Aluminium Spread
MLKS London Copper Grade A Spread
MLZS London SHG Zinc Spread
MQCS miNY Copper Spread
MQIS miNY Silver Spread
MQOS miNY Gold Spread
MQSS Asian Gold Spread
NQRS Asian Platinum Spread
NQTS Asian Palladium Spread
SIES Silver Spread
COMEX
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Symbol Description Instrument
ZCES Corn Calendar spread
ZEES Ethanol Calendar spread
ZIS Silver Calendar spread
ZKES South American Soybeans Calendar spread
ZLES Soybean Oil Calendar spread
ZMES Soybean Meal Calendar spread
ZOS Gold Calendar spread
ZOES Oats Calendar spread
ZRES Rough Rice Calendar spread
ZSES Soybeans Calendar spread
ZWAS Wheat Calendar spread
AI Dow Jones AIG Futures Future
DFA Dow Jones Industrial Average Future
FFA Fed Funds 30-Day Interest Rate Future
FVA US 5-Year Treasury Note Future
TUA US 2-Year Treasury Note Future
TYA US 10-Year Treasury Note Future
USA US Treasury Bond Future
YDD Big Dow DJIA $25 Future
YE Mini Eurodollars Future
YG Mini Gold Future
YI Mini Silver Future
YM Dow Jones $5 Mini Future
ZCE Corn Future
ZEE Ethanol Future
ZI 5000 oz Silver Future
ZKE South American Soybeans Future
ZLE Soybean Oil Future
ZME Soybean Meal Future
ZO 100 oz Gold Future
ZOE Oats Future
ZRE Rough Rice Future
ZSE Soybeans Future
ZWA Wheat Future
DFA Dow Jones Industrial Average Option
FVA US 5-Year Treasury Note Option
TYA US 10-Year Treasury Note Option
USA US Treasury Bond Option
YM Dow Jones $5 Mini Option
ZI 5000 oz Silver Option
ZO 100 oz Gold Option
FVAR US 5-Year Treasury Note Reduced tick calendar spread
TUAR US 2-Year Treasury Note Reduced tick calendar spread
TYAR US 10-Year Treasury Note Reduced tick calendar spread
USAR US Treasury Bond Reduced tick calendar spread
E-CBOTSymbol Description Instrument
DB Euro Bund 10-Year Future
DD DAX Index Future
DG Euro Schatz 2-Year Future
DL Euro Bobl 5-Year Future
DSX Dow Jones Euro STOXX 50 Future
F2MX MDAX Futures Future
FEU EURIBOR 3-Month Future
FGBX Euro Buxl 30-Year Future
SC 10-Year Swiss Bond Future
SW Swiss Market Index Future
DB Euro Bund 10-Year Option
DC DAX Cash Option Option
DG Euro Schatz 2-Year Option
DL Euro Bobl 5-Year Option
DSX Dow Jones Euro STOXX 50 Option
FEU EURIBOR 3-Month Option
EUREX
Symbol Description Instrument
ETS WTI Light Sweet Crude Oil Calendar spread
QOS Brent Crude Oil Calendar spread
QPS Gas Oil Calendar spread
EN ICE NYH (RBOB) Gasoline Future
ET WTI Light Sweet Crude Oil Future
QHO Heating Oil Future
QO Brent Crude Oil Future
QP Gas Oil Future
QO Brent Crude Oil Option
QP Gas Oil Option
ICE
Symbol Description Instrument
EDAL3 Eurodollar 3-Month LIBOR Butterfly spread
EDAS Eurodollar 3-Month LIBOR Calendar spread
BP6 British Pound Future
CA6 Canadian Dollar Future
CCB Cash-Settled Butter Future
DA6 Australian Dollar Future
EDA Eurodollar 3-Month LIBOR Future
EEU E-Mini EuroFX Future
EJY E-Mini Japanese Yen Future
EMA LIBOR One month Future
EMD E-Mini S&P MidCap 400 Future
ENC E-Mini NASDAQ Composite Index Future
ENQ E-Mini NASDAQ 100 Index Future
EP E-Mini S&P 500 Index Future
ER2 E-Mini Russell 2000 Future
EU6 EuroFX Future
GD Goldman Sachs Commodity Index Future
GLOBEX
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Symbol Description Instrument
GDC Milk Class III Future
GF Feeder Cattle Future
GLE Live Cattle Future
HE Lean Hogs Future
JY6 Japanese Yen Future
MX6 Mexican Peso Future
NDA NASDAQ 100 Index Future
NE6 New Zealand Dollar Future
NIY Yen-Denominated Nikkei 225 Future
NKD NIKKEI 225 Future
RU6 Russian Ruble Future
SA6 South African Rand Future
SF6 Swiss Franc Future
SPA S&P 500 Index Future
YR Euro/Yen Future
EDA Eurodollar 3-Month LIBOR Option
ENQ E-Mini NASDAQ 100 Index Option
EP E-Mini S&P 500 Index Option
ER2 E-Mini Russell 2000 Option
JY6 Japanese Yen Option
NDA NASDAQ 100 Index Option
EDAP Euro Dollar Pack
EDAB Euro Dollar Bundle
GLOBEX (continued)
KCBOT
LIFFE
Symbol Description Instrument
KWES Wheat Calendar Spread
KWE Wheat Future
Symbol Description Instrument
QEAL3 EURIBOR 3-Month Butterfly spread
QSAL3 Short Sterling 3-Month Butterfly spread
QNAS Euroswiss 3-Month Calendar spread
QA Robusta Coffee Future
QBA Five-Year Euro Swapnote Future
QC Cocoa Future
QEA EURIBOR 3-Month Future
QFA FT-SE 100 Index Future
QGA Gilt Long Future
QJ Japanese 10-Year Govt. Bond Future
QLA Ten-Year Euro Swapnote Future
QNA Euroswiss 3-Month Future
QSA Short Sterling 3-Month Future
QW White Sugar Future
TWS Two-Year Euro Swapnote Future
QE EURIBOR 3-Month Pit Option
QS Short Sterling 3-Month Pit Option
QXE FT-SE 100 Index Option (Euro) Option
MATIF
MGE
Symbol Description Instrument
PIL CAC-40 Index Future
PM Rapeseed Future
Symbol Description Instrument
MWE Hard Red Spring Wheat Future
NYBOTSymbol Description Instrument
CCE Cocoa Future
CTE Cotton Future
KCE Coffee Future
OJE Orange Juice Future
SBE Sugar #11 Future
SEE Sugar #14 Future
CCES Cocoa Spread
CTES Cotton Spread
KCES Coffee Spread
OJES Orange Juice Spread
SBES Sugar #11 Spread
SEES Sugar #14 Spread
NYMEXSymbol Description Instrument
BHWS Heating Oil v. WTI Crude Financial Crack spread
HOECLE Heating Oil v. WTI Crude Crack spread
RTWS RBOB Gasoline v. WTI Financial Crack spread
CL Crude Oil Future
HO Heating Oil Future
HU Gasoline, Unleaded Regular Future
JM PJM Monthly Electricity Future
LG Propane Future
NG Natural Gas Future
NQL Central Appalachian Coal Future
PA Palladium Future
PL Platinum Future
BHHOE Heating Oil Physical v. Financial Intercommodity spread
HHNGE Natural Gas Physical v. Financial Intercommodity spread
HPNGE Natural Gas (penult) Physical v. Financial Intercommodity spread
HUERBE HU Gasoline v. RBOB Gasoline Intercommodity spread
RBEHOE RBOB v. Heating Oil Intercommodity spread
RTBH Gasoline v. Heating Oil Financial Intercommodity spread
RTRBE RBOB Gasoline Physical v. Financial Intercommodity spread
WSCLE WTI Crude Physical v. Financial Intercommodity spread
BBT Brent Crude Financial Trade at settlement
BHT Heating Oil Financial Trade at settlement
CLT Crude Oil Trade at settlement
HHT Henry Hub Financial (Last Day) Trade at settlement
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Symbol Description Instrument
HOT Heating Oil Trade at settlement
HUT Gasoline Trade at settlement
NGT Natural Gas Trade at settlement
RBT RBOB Trade at settlement
RTT RBOB Gasoline Financial Trade at settlement
WST WTI Crude Financial Trade at settlement
NYMEX (continued)
Symbol Description Instrument
BHS Heating Oil Financial Calendar spread
CLES Crude Oil Calendar spread
HHS Natural Gas Financial Last Day Calendar spread
HOES Heating Oil Calendar spread
HPS Natural Gas Financial Penultimate Calendar spread
NGES Natural Gas Calendar spread
NQBS E-Mini Brent Crude Oil Calendar spread
NQGS E-Mini Natural Gas Calendar spread
NQHS E-Mini Heating Oil Calendar spread
NQMS E-Mini Crude Light Calendar spread
NQUS E-Mini Unleaded Gasoline Calendar spread
PAES Palladium Calendar spread
PLES Platinum Calendar spread
RBES NY Harbor RBOB Gasoline Calendar spread
RTS RBOB Gasoline Financial Calendar spread
WSS Crude Oil Financial Calendar spread
WXES iPort 3-2-1 Plus Energy Index Calendar spread
BC Brent Crude Oil Financial Future
BH Heating Oil Financial Future
CJ Cocoa Future
CLE Crude Oil Future
HH Natural Gas Financial Last Day Future
HOE Heating Oil Future
HP Natural Gas Financial Penultimate Future
HUE Gasoline, Unleaded Regular Future
KT Coffee Future
LGE Propane Future
NFJ FCOJ Future
NFT Sugar 14 Future
NGE Natural Gas Future
NLQ E-Mini Palladium Future
NPQ E-Mini Platinum Future
NQB E-Mini Brent Crude Oil Future
NQG E-Mini Natural Gas Future
NQH E-Mini Heating Oil Future
NQM E-Mini Crude Light Future
NQU E-Mini Unleaded Gasoline Future
NTT Cotton Future
PAE Palladium Future
PLE Platinum Future
NYMEXG USFE (formerly EUREX US)Symbol Description Instrument
TBX US 30-Year Treasury Bond Future
TNL US 10-Year Treasury Note Future
TNM US 5-Year Treasury Note Future
TNS US 2-Year Treasury Note Future
TBX US 30-Year Treasury Bond Option
TNL US 10-Year Treasury Note Option
TNM US 5-Year Treasury Note Option
TNS US 2-Year Treasury Note Option
Symbol Description Instrument
WLS Western Barley Calendar spread
WRS Canola Calendar spread
WWS Feed Wheat Calendar spread
WL Western Barley Future
WR Canola Future
WW Feed Wheat Future
WCE
Note: New symbols are added regularly. Visit www.CQG.com for the most current list.
NYMEXG (continued)Symbol Description Instrument
RBE NY Harbor RBOB Gasoline Future
RT RBOB Gasoline Financial Future
WS Crude Oil Financial Future
WXE iPort 3-2-1 Plus Energy Index Future
YO Sugar 11 Future
WXET iPort 3-2-1 Plus Energy Index Trade at Settlement
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Exchange-Traded Spreads
Example: Corn Calendar Spread Symbol ZCES1H7 ZCE = underlying contract S1 = strategy leg gap H7 = front month
Defining Months in Exchange-Traded Spreads
ALES Aluminum All monthsCPES Copper All monthsGCES Gold All monthsMLAS London Primary Aluminium All monthsMLKS London Copper Grade A All monthsMLZS London SHG Zinc All monthsMQCS miNY Copper All monthsMQIS miNY Silver All monthsMQOS miNY Gold All monthsMQSS Asian Gold All monthsNQRS Asian Platinum All monthsNQTS Asian Palladium All monthsSIES Silver All months
ZCES Corn H, K, N, U, ZZEES Ethanol All monthsZIS Silver All monthsZKES South American Soybeans H, K, N, Q, U, XZLES Soybean Oil F, H, K, N, Q, U, V, ZZMES Soybean Meal F, H, K, N, Q, U, V, ZZOES Oats H, K, N, U, ZZOS Gold All monthsZRES Rough Rice F, H, K, N, U, XZSES Soybeans F, H, K, N, Q, U, XZWAS Wheat H, K, N, U, Z
EDAS Eurodollar 3-Month LIBOR All months
ETS WTI Light Sweet Crude Oil All monthsQOS Brent Crude Oil All monthsQPS Gas Oil All months
KWES Wheat H, K, N, U, Z
QNAS Euroswiss 3-Month H, M, U, Z
CCES Cocoa H, K, N, U, ZCTES Cotton H, K, N, V, ZKCES Coffee H, K, N, U, ZOJES Orange Juice F, H, K, N, U, XSBES Sugar #11 H, K, N, VSEES Sugar #14 F, H, K, N, U, X
BHS Heating Oil Financial All monthsCLES Crude Oil All monthsHHS Natural Gas Financial Last Day All monthsHOES Heating Oil All monthsHPS Natural Gas Financial Penultimate All monthsNGES Natural Gas All monthsNQBS E-Mini Brent Crude Oil All monthsNQGS E-Mini Natural Gas All monthsNQHS E-Mini Heating Oil All monthsNQMS E-Mini Crude Light All monthsNQUS E-Mini Unleaded Gasoline All monthsPAES Palladium H, J, K, M, U, ZPLES Platinum F, H, J, K, N, VRBES NY Harbor RBOB Gasoline All monthsRTS RBOB Gasoline Financial All monthsWSS Crude Oil Financial All monthsWXES iPort 3-2-1 Plus Energy Index All months
WLS Western Barley H, K, N, V, ZWRS Canola F, H, K, N, XWWS Feed Wheat H, K, N, V, Z
COMEX
E-CBOT
GLOBEX
ICE
KCBOT
LIFFE
NYBOT
NYMEX
WCE
January February March April May June July August September October November December
F G H J K M N Q U V X Z
“S1” indicates that the second month in the spread is one contract from the front month. The front month is March (H). This spread is between March (H) and May (K) contracts, ZCEH7 - ZCEK7. When the front month changes to K7, then the spread is ZCEK7 - ZCEN7.
To find this information in CQG Integrated Client, click the AllCon button and enter the underlying symbol. You can also click the More button and then Contract Spec.
Trading Months for Exchange-Traded Spreads
To determine the second month in an exchange-traded spread, you need to know: 1. the strategy leg gap; 2. the front month; and 3. the trading months for the contract.
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Calendar Spread S Simultaneous buy and sell orders for the same commodity with different delivery months.
Reduced Tick Calendar Spread R This version of the calendar spread has a smaller minimum tick size movement than available in other strategies or outright markets.
Crack Spread Simultaneous buy order for oil futures and sell order for gasoline and heating oil futures with 1:1 ratio.
Butterfly Spread L Simultaneous buy/sell order for one contract in the near delivery month, sell/buy order for two contracts in a future delivery month, and buy/sell order for one contract with an even later expiration. The gaps between the months must be equal.
Pack P An order for a group of contracts for the same commodity in four consecutive quarterly or consecutive months.The first month of the “White Pack” is configurable and can be any month of the next four quarterly months, although it’s usually the next. The number of lots in each leg must be the same. LIFFE CONNECT® and CME Globex® currently recognize five Packs: White Pack /Red Pack /Green Pack /Blue Pack/Gold Pack.
Strip T An order for a group of contracts for the same commodity in four or more consecutive quarterly delivery months. Any quarterly delivery month can act as the first month of the strip as long as there are at least three following months available. Serial months in a product are ignored and cannot form part of a strip strategy. The number of lots in each leg can vary. Buying or sell-ing the strip involves buying or selling all months in the strip.
Bundle B An order for a group of contracts for the same commodity in each consecutive quarterly delivery month for a period of two or more years. The first month of a bundle is configurable and can be any month within the next twelve months, although it’s usually the front quarter. The number of lots in each leg must be the same. LIFFE CONNECT and CME Globex currently recognize four Bundles: 2 – Year Bundle/3 – Year Bundle/4 – Year Bundle/5 – Year Bundle.
Entering Spreads in CQG
Calendar Spread Distance between strategy legs calculated in number of months that can be listed.
Reduced Tick Calendar Spread Distance between strategy legs calculated in number of months that can be listed.
Pack Number of the pack starting from the nearest to expiration: 1 for White, 2 for Red, 3 for Green, 4 for Blue, 5 for Gold.
Bundle Number of legs: 2–8 legs (2 years), 3–12 legs (3 years), 4–16 legs (4 years), 5–20 legs (5 years).
Butterfly Distance between strategy legs calculated in number of months that can be listed.
January February March April May June July August September October November December
F G H J K M N Q U V X Z
Identify the instrument’s symbol
View our list of exchange-traded spreads at www.CQG.com/Downloads.
Identify the type of strategy
Identify the strategy leg gap
CQG supports orders with fixed leg gaps, i.e. the gap between two consecutive legs are the same for multi-legged strategies.
Identify the delivery month and year
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Calendar Spread symbol root + S + strategy leg gap + month + year
strategy leg gap = 1, 2, 3, 4, 5, 6, or 12 or by demand
If every month is tradable, such as CLE and EDA, then the leg gap is equal to calendar months, for example, January to February is 1 and February to July is 6.
Some commodities trade in irregular increments. Corn allows H, K, N, U, and Z. Sugar allows H, K, N, and V. The leg gap indicates the spacing of these listed months.
Crude Oil: CLES3N7 (represents CLEN7-CLEU7)Corn: ZCES2H7 (represents ZCEH7-ZCEN7)Sugar: SBES3K7 (represents SBEK7-SBEH8)
Reduced Tick Calendar Spreads symbol root + R + strategy leg gap + month + year
strategy leg gap = 1, 2, 3, 4, 5, 6, or 12 or by demand
US 5-Year Treasury Note: FVAR1V7 (represents FVAV7-FVAX7)
Crack Spread underlying contract + underlying contract + month + year
RBOB v. WTI Crude (Globex): RBECLEX7
Strip symbol + T + strip number + month + year
strip number = defined by the exchange
Crude Oil Financial: WST3H7 (represents WSH7+ WSJ7+ WSK7)Natural Gas: NGET12F8 (represents NGEF8 + NGEG8 + NGEH8 + NGEJ8 + NGEK8 + NGEM8 + NGEN8 + NGEQ8 + NGEU8 + NGEV8 + NGEX8 + NGEZ8)
Pack symbol root + P + number of the pack + month + year
number of the pack = 1 – 10 by demand, represents the number of years with this year equal to 1
Eurodollar: EDAP1M5 (represents EDAM5 + EDAU5 + EDAZ5 + EDAH6)Eurodollar: EDAP2Z7 (represents EDAZ7 + EDAH8 + EDAM8 + EDAU8)
Bundle symbol root + B + number of years + month + year
number of years = 2, 3, 4, or 5There are four legs per year [for Eurodollar]. B2 would have eight legs and B3 would have 12 legs)
EDAB2M7 represents EDAM7 + EDAU7 + EDAZ7 + EDAH8 + EDAM8 + EDAU8 + EDAZ8 + EDAH9
Butterfly Spread symbol root + L + interval + month + year
interval = usually 1, 2, or 3
A Eurodollar butterfly spread, quoted in .50 tick increments, is a combination of two calendar spreads: Buy 1 = Leg # 1 Sell 2 = Leg # 2 Buy 1 = Leg # 3EDAL3M8 (represents EDAM8 - 2*EDAU8 + EDAZ8)
Follow the formula
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Contact InformationFor more information visit www.cqg.com or contact your local Sales Executive.
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