The CME implemented a key infrastructure change migrating to the CME Market Data Platform 3.0 (MDP3). This migration was to event based messaging using Simple Binary Encoding (SBE) encoding techniques for the Market Data Incremental Refresh (tag 35-MsgType=X) messages. This provided the same business level functionality as the previous FIX/FAST encoded market data feed, but with major changes to message flows, sequence logic, and layouts including messages within each UDP packet, message and event boundaries.
CME MDP3 is based on the FIX 5.0 SP2 message specification and provides market by price feeds. Templates provide the schema that specifies the components of a message as well as the data types and identifiers.
The Simple Binary Encoding (SBE) format is a fixed position, fixed field length protocol supporting direct access to data, therefore avoiding the need for management of multiple variable-length elements which must be sequentially processed. This makes it easier for consuming systems to scan the message for key fields to determine whether or not to process the message.
CME MDP3 provides:
A key OnixS offering is the provision under the service level guarantee of support to existing users of updates and upgrades to supported venue API's. Therefore the migration path to support CME MDP 3.0 is available as a standard part of the maintenance service.
The OnixS directConnect: CME MDP3 Market Data Handler C++, .NET/ C#, and Java implementations features include:
These solutions are implemented on multiple platforms including C ++ on Linux (RedHat, CentOS, SuSE, Ubuntu, etc) and Windows, Microsoft .NET Framework, and Java.
CME DMA solutions
Support for CME MDP Market By Price (MBP) and Market By Order (MBO)
All solutions are pre-certified with the Exchange thus providing solid, fully maintained and quick to implement CME direct market access solutions.
OnixS CME MDP3 Market Data Handler SDKs include:
The OnixS directConnect: CME solutions are implemented on multiple platforms including Windows C++ , Linux C++ (RedHat, CentOS, Ubuntu, etc) , .NET Framework, and Java.