FAST Prompts CME Revamp

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The Chicago Mercantile Exchange will be making changes to the way it distributes market data packets and organizes data recovery after outages. Officials say the changes are part of the exchange's plan to use the FIX-FAST protocol for distributing streaming market data next year.

In September, the CME will implement technology that it tested last year that is designed to make it easier for firms to convert data to FAST from RLC, the exchange's proprietary data format. The technology reduces the n