The TT Uncovered 3.0 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.

Prior to using TT Uncovered 3.0, administrators and users must complete the tasks listed in the Enabling User Access section.