The CBOT has signed agreements with KCBT and MGEX to distribute their market data via its quote vendor network. The CBOT uses TDI™ as its data distribution system and, in return, CMS will be paid additional annual fees for this service.
TDI™ is a modular suite of software which is used to process, redistribute, analyse and store vast amounts of real-time financial data. The benefits to customers of TDI™ include its wide range of proven input and output interfaces, together with inbuilt network resilience and significant data flow capabilities.
Bob Antell, Chief Executive of CMS, commented: "We believe that its adoption by the CBOT and the Chicago Mercantile Exchange has defined TDI™ as industry standard software for the distribution of financial market data.
"The fact that the CBOT will be distributing market data for KCBT and MGEX using TDI™ is a further endorsement of its confidence in our software. This agreement enhances CMS's position as a leading provider of exchange data distribution software."
Steve Dickey, V.P. of Market Data Products and Information at CBOT, said: "We're very pleased with the performance of the TDI™ software. Recently CBOT has handled record trading volumes, and TDI™ has coped effortlessly with this. We therefore had no hesitation in expanding our use of TDI™ for KCBT and MGEX."
