Market  Data Advisory Notices
To Market Data Distributors
From Market Data Operations
Subject Market Data Network (MDN) Conversion Status Update #13 - Problem Resolution Status.
Notice Date December 3, 2002
Notice Number QVC-20
Effective Date  

This notice describes the corrective action that has been taken to resolve problems affecting the MDN. 

 

As you were informed in QVC #18, CME identified network issues that adversely impacted the dissemination of market data over the MDN.  CME senior management created a Task Force, comprised of three separate teams, to focus on root cause identification and creation of a Resolution Plan.  This effort has been completed, and four changes were recently implemented to ensure the MDN’s reliability and integrity.  

 

One Open Issue -- Retransmissions

 

At present, only one open issue remains, which concerns the retransmission of data when there is a production outage within the data feed to the MDN application.  When an outage occurs, the MDN application goes into a wait state and stays in that mode until the feed is re-established.  Once re-established, MDN pick ups where it left off, continuing to process messages, utilizing the last known MDN sequence number in each channel.  In this scenario, it appears to you that trading, and its related market data flow, continued, even though MDN was starved of this market data for a period of time.  Consequently, you encounter a period of time where market data is not being sent, and then suddenly, the feed starts up again where it left off.  You are unaware of any missing messages, since there is no gap in the sequence numbers.

 

Resolution

 

In the event that messages are not received by the MDN application, it will switch to a standby state, until the feed is back up, as it does currently.  Once MDN recognizes that the feed is back up, it will advance the sequence numbers in each channel by the size of the aggregate gap (total number of messages missed across all channels) in the ITC feed to MDN.  In addition, it will send out the current messages starting at the advanced sequence number in each channel.  Note that each channel will have a gap created that is larger than the number of messages that were missed for that channel. 

 

Once the messages start to flow after an outage, we will manually request a retransmission of the aggregate missed messages from our Price Reporting System.  When MDN receives the retransmitted messages, they will be applied to the MDN data store for each channel.  At that time, we will fill the unused sequence numbers in each channel, with a text message containing a relevant explanation.  We will then be able to retransmit them to you from the data store.

 

CME plans to complete this retransmission process by 12/13/02.  We plan to test this solution with you, as early as 12/20/02.  Specific details concerning the test will be provided as they become available.

 

In the future, we will make additional changes to MDN to enable you to programmatically request retransmissions.  This will alleviate the existing manual intervention and improve service.  The timeline for this enhancement is yet to be determined.

 

Converting to MDN

 

The MDN has been stable for the last few weeks.  Although we are still working on the retransmission issue, we suggest that you convert to the MDN as soon as possible, leaving the  old network up, as a fallback, through at least the end of December 2002.  However, if you are reliant on retransmissions for historical/charting purposes, you may want to wait until the retransmission issue is resolved. 

 

Network Billing Issues

 

To accommodate you having to keep the old network as a fallback until at least the end of the year, CME will pay for half of your monthly costs for both November and December of 2002.  Your bill for the old network will reflect only half of your normal cost for those circuits.

 

Please contact one of the following individuals with any questions or issues you may have. We sincerely appreciate your continued patience while we have sought to remedy a difficult situation. Thank you!

 

Marilee Radecki                      312.930.8193

Lisa Amato                             312.338.2654

Michele Ivanski                       312.930.4523