MBO/PIQ

Market by Order (MBO) is a data feed provided by the CME that provides a user the ability to view individual queue position, the size of individual orders at each price level (PIQ), and the full depth of book.

Market by Order is now supported! Currently this is available for all products except for Options. Options will be supported later this year.

This is only available on version 8.0.1.3 or higher. You can install the latest version by going to ctsfutures.com

How to Enable

Currently to enable the MBO feed you will need to reach out to your firm administrator and ask them to enable your user for the MBO feed.
You also need to enable it on the trading frontend.

To enable it on the frontend you need to go to your main properties and then enable Market By Order.

Once enabled you will see full depth of market in all supported exchanges.

Currently MBO is not available for delayed data, it can only be setup with real-time data.

Position in Queue(PIQ)

To enable Position in Queue on the Trading Ladder (DOM) Go to the properties of the Trading Ladder and from there you can enable how you want to view your Position in Queue.

Once enabled you will have two new columns. Bid B PIQ and Offer O PIQ. You can set it to

Only contracts ahead
Only Orders ahead
Both contracts ^ Orders ahead.

Tip For Multiple working orders at the same price we only display the closest order to being filled.

Tip The O PIQ and B PIQ you can left click hold dragdrop revise, right click revise, single click cancel. Dragdrop revise revises all orders at that price, just like the MyB and MY O columns.

Position in Queue Indicator

The Position in Queue Indicator shows you the approximate location of your orders in the queue by displaying vertical lines in your MyBid or MyOffer column. To enable this go to your Ladder (DOM) Settings and enable Position in Queue.

Revising Orders

You can right click on your working orders to open up a revision ticket, this will allow you to view each individual orders PIQ at a given price.

Tip You can easily add or remove columns to the revision ticket by clicking the properties icon located in the upper left of the ticket.

Orderbook

You can easily add PIQ columns to your orderbook by click on on the Orderbook Properties They type Position in the search and enable Position in Queue Orders and Columns. This will let you know each individual working orders Position ahead and contracts ahead.

Tip You can right click any working order to bring up a revision ticket.

Tip Only orders working at the exchange will have a position in queue