Futures Exchanges Set To Adopt New Specification

EXCHANGE SPECS

After a long delay, futures exchanges are getting set to begin migration to the second version of the Interexchange Technology Committee's (ITC) feed specification -- ITC 2.1.

ITC 2.1 was conceived as a response to developments that have made the market a much different place today than it was when the ITC 1.0 specification debuted in 1981 -- developments like multiple trading sessions and expanded trading hours, flexible message structures and additional instrument types. Among other things,

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