CME Calls for Recovery Standards
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The Chicago Mercantile Exchange last week began aggregating market data messages sent out by its trading engine, as part of a strategy to deal with rising capacity requirements by reducing the volume of data messages it distributes.
"As of Monday, we are able to take an event, such as a trade, from the engine and send it out as a series of trades or a book update all together, as opposed to as individual pieces of data," says Matt Simpson, associate director of electronic trading systems
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