How quant traders create custom trading instruments
In this video I talk about user defined spreads and how quant traders create their own instruments to trade. These are instruments that aren't listed on the exchange when it opens, but become available as quant traders create them to fit their risk profile and trading needs.
Primary resource: https://www.cmegroup.com/confluence/d...
0:00 intro
0:30 What is a UDS?
1:08 What are the different types of UDS?
4:39 Exchange recognized UDS vs. exchange unrecognized UDS
7:00 UDS message parameters
7:30 UDS requests and UDS creation acknowledgement messages
8:47 UDS composition
9:30 UDS lifecycle
10:58 UDS data source
11:58 Reviewing historical UDS data
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How quantitative traders create custom trading instruments that don't exist on exchanges. A deep dive into User-Defined Spreads (UDS) — the mechanism quant devs and algorithmic traders use to construct synthetic instruments tailored to their risk profiles.
Topics: quantitative trading strategies, custom spread creation, CME Group EPIC Sandbox, algorithmic trading instruments, derivatives trading, synthetic instrument design, and exchange APIs.
Essential for anyone pursuing quant trading, building proprietary trading systems, or preparing for interviews. Understanding UDS mechanics separates professionals from hobbyists.
Primary source: https://www.cmegroup.com/confluence/d...
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Discord: discord.gg/ZSrHrAw
#QuantTrading #AlgorithmicTrading #UserDefinedSpreads #TradingTechnology #QuantDeveloper