On trade date 29th January 2024 the CME Group launched the CME iLink 3 Binary Order Entry Protocol access to the Convenience Gateway (CGW) for trading futures and options on futures on the CME Globex platform.
Access to CME Globex using the FIX-based iLink 2 and the SBE-based iLink 3 for CGW will run in parallel until the 31st of December 2024 after which time iLink 2 order entry access will be decommissioned.
This is a mandated migration meaning that all CME Globex market participants connected via iLink 2 to the Convenience Gateway (CGW) will need to migrate to iLink 3 during this extended parallel run period. The CME is encouraging firms to move sooner rather than later.
So is OnixS.
The OnixS directConnect: CME iLink 3 Binary Order Entry Handler SDK implementations provide out-of-the-box solutions that are designed to enable developers to quickly integrate and support this mandated change.
The OnixS directConnect: CME iLink 3 Binary Order Entry Handler SDK implementations include:
- OnixS iLink 3 SDK library including SBE encoder/decoder and FIXP protocol support
- Programming Guide Documentation
- Fast-start trading client reference implementation source code samples
OnixS have additional flexible licensing and development support offerings to support firms who need to move to CME iLink 3.
A Deferred Start license – meaning that while in technical evaluation and development mode there are no fees to pay to OnixS. The OnixS SDK license fees only start upon first live production use. This means that our objectives are aligned to support firms in getting to live production use as soon as possible.
And OnixS will provide two development support days to assist with the CGW iLink 3 migration when integrating the OnixS SDKs. This includes access to OnixS developer expertise in addition to the fast-start source code samples already provided within the OnixS SDK distribution packages.
You can read more about the OnixS directConnect: CME iLink 3 Binary Order Entry Handler SDK along with access to the C++, .NET, and Java Programming Guides for technical reference here.
