The TT Uncovered widget seeks enhanced pricing and liquidity in CME options and options strategies by implying prices from a range of covered spreads, and looking for opportunities where trading the covered spread and subsequently trading away the covering futures allocation offers competitive liquidity compared to the direct option quote. The application displays a synthetic Best Bid/Offer (BBO) based on the covered spread markets and allows the user to efficiently act on pricing opportunities within the direct option BBO.
Prior to using TT Uncovered, administrators and users must complete the tasks listed in the Enabling User Access section.
