CME Eyes Summer Data Protocol Switch

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The group announced it was evaluating binary alternatives to its existing FIX/FAST data compression standard in May 2012, in response to a lawsuit filed by IXO/Realtime Data against exchanges and vendors utilizing the standard’s data compression algorithms, and based on the emergence of new protocols that surpassed the performance of FIX/FAST.

CME plans to roll out MDP 3.0, which leverages the Simple Binary Encoding (SBE) format developed by industry standards association FIX Trading Community,

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