Introduction to TT Uncovered

The TT Uncovered application seeks enhanced pricing and liquidity in CME options and options strategies by implying prices from a range of delta neutral Covered User Defined Spreads (UDS), and looking for opportunities where trading the Covered UDS and subsequently trading away the covering futures allocation offers competitive liquidity to the direct quote. The application displays a synthetic Best Bid/Offer (BBO) based on the UDS markets and allows the user to efficiently act on pricing opportunities within the direct option BBO.

TT Uncovered consists of two main windows:

• Order Management Window: allows for order entry and provides information on filled orders.
• Options Pricer Definition: allows for the configuration of the synthetic options strategy. This window appears when you use the plus sign in the Synthetics panel of the Order Management window.

Prior to using TT Uncovered, administrators and users must complete the tasks listed in the Enabling User Access section.

Accessing Log Files

TT logs messages for your application and stores them in the '\Users\ <user>\Documents\TradingTechnologies\Logs\TTUncovered\' directory. These logs will need to be provided to TT in the event that assistance is required to troubleshoot any issues that you may encounter.

TT Uncovered Software Package

TT provides the latest version of the TT Uncovered application via this page. Simply use the link below to download the latest executable file for TT Uncovered.

TT Uncovered version 2.0.3.1

It is important to stay current on all of the latest changes that TT makes to the TT Uncovered application. You can subscribe for automated email notifications when new versions of this application are released by clicking the ‘Subscribe’ button on the TT Release Notes web page.

To download and install the TT Uncovered:

1. Press the link above or right-click on the link and select 'Download File As...'.
2. Once the download completes, double-click the file to decompress the contents. This creates a folder that contains the package.
3. Move the folder to our desired location.
4. The latest version of the TT Uncovered package is now ready to use.