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We would like to know your interest in receiving CME market data directly from the exchange via a connection to our telecommunications
hub in London.
In August of this year, CME upgraded to a next-generation data feed platform and network. Our previous network, a 56kbs serial
connection, was no longer able to keep up with the demands of our increases in trading volume and business needs. Consequently,
a new TCP/IP-based network was implemented along with changes to our feed which added new data and enables data distributors
to manage bandwidth by subscribing to data “channels” that best fit their customers’ needs.
Most significantly, market depth for CME’s electronically traded contracts on its GLOBEX system are now available to all data
distributors on the new feed. In addition, the channels have been configured as follows with their recommended bandwidth:
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Channel
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Description
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1
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ITC 2.1 Floor Data (Exchange ID “M”)
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2
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ITC 2.1 GLOBEX Data (Exchange ID “H”)
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3
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ITC 2.1 Indexes (Exchange ID “M”)
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4
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GLOBEX Data with Market Depth (RLC format)
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Channels Selected
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Minimum Required Bandwidth
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1 and/or 3
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128 Kbit/s
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2 and/or 1, 3
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128 Kbit/s
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4
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512 Kbit/s
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1, 2, 3, and 4
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512 Kbit/s
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CME has been working with existing direct data distributors to migrate to the new system. This process is expected to be
complete by the end of 2002.
As a global exchange, CME recognizes the need to extend its market data outside of its home market. Traditionally, data distributors
in Europe and Asia have received CME market data from one of the CME direct distributors who had telecommunications networks
outside of the U.S.
CME is seriously considering implementing its new data feed system in our new London hub. If there is enough interest from
data distributors in receiving their CME data directly from our London hub rather than from another data distributor, CME
will commit resources to putting the system into place, likely in the first quarter of 2003.
Attached is the technical documentation on the new feed which may help you in assessing your level of interest.
We would like to know if you are interested in CME making its new data feed available through our London hub. Please let
us know by emailing mradecki@cme.com by December 15. If you have any further questions, please contact Marilee Radecki at the same email address. We look forward
to hearing from you.
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