“The introduction of this platform is a new method for the dissemination of CME market data in order to better serve our customers in a time of exponential growth in data messaging,” said Rick Redding, Managing Director, Products & Services. “Because we have been able to streamline messaging formats via the new platform, we can take advantage of our industry-leading technology infrastructure to make market dissemination more efficient and scalable for future volume growth. We realize that market data is crucial to the success of our customers and we believe the launch of CME MDP meets their business needs.”
A key benefit of the new CME MDP will be the introduction of a channel-based approach so that specific CME markets will be divided onto separate channels. The platform will now offer all customers, rather than just quote venders, the ability to choose from a menu of different multicast addresses that will define a channel, while customers who wish to receive all market data messages can subscribe to every channel. Each channel will also have a separate replay channel that will replay requested data on dual, multicast feeds. Additional customer benefits from the new platform include the following:
- The new CME MDP is built on an open network and protocol-based standards that allow implementation of any desired software or hardware platform;
- Reduced network bandwidth usage and improved performance and scalability due to the new streamline architecture; and,
- The elimination of an API and third-party software to connect to the new platform.
Further information on the platform, including developing to the new platform, CME’s market data policy and a developer’s guide can be found at www.cme.com/marketdata.
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in the United States. As an international marketplace, CME brings together buyers and sellers on CME Globex electronic trading platform and on its trading floors. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moved about $1.6 billion per day in settlement payments in the first half of 2005 and managed $43.7 billion in collateral deposits at June 30, 2005, including $4.0 billion in deposits for non-CME products. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE, NASDAQ: CME), which is part of the Russell 1000® Index.