GMEX plans to hold two live simulation days this quarter, during which vendors and trading firms will be able to test their systems in a live trading environment against market data that is "as close to production as you can get," says chief executive Hirander Misra.
Data vendors first began testing GMEX's market data feeds in August last year. GMEX offers two feed formats: an optimized binary protocol similar to the widely used ITCH data protocol, and one based on versions 4.4 and 5 of the FIX
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails