Home grown function called implicit tagging to be offer to the Fix protocol org at the next week meeting.
You can file this info in the fwiw category. Thought if of interest so I am passing it along. From the Security Industry News website.
Bandwidth Drives CME's API Options
By John Sandman, Standards Editor
November 11, 2004 - Since deciding to replace its proprietary application program interface (API) for market data with an open standard earlier this year, the Chicago Mercantile Exchange has taken its time deciding which open standard to adopt. The Merc needs to get the project to the beta stage sometime next year, however, and bandwidth considerations--driven by customer complaints about the cost of connectivity and network usage--will likely decide the issue. The Merc's associate director of electronic business architecture, Matt Simpson, says the exchange has not yet made a final decision between FISDMessage--an XML-based standard that builds on the market data definition language (MDDL) developed by the Finance Information Services Division (FISD) of the Software & Information Industry Association (SIIA)--and a homegrown solution called "implicit tagging." A clear preference for home cooking is beginning to show itself, however. "All of the efforts and the serious proofs of concepts have been with implicit tagging," says Simpson. "We haven't taken those steps with the FISDMessage." The Merc will come to the FIX Protocol Ltd. Americas Conference 2004 in New York on Nov. 16 and 17 to talk about its market data proof of concept for the implicit tagging system, "which appears very promising," Simpson says. "Because implied tagging is based on an open standard--FIX--we're going to take it to the next step. I don't know if we're going to have time to go back and look at FISDMessage."
Have a great weekend all.
Bsulli
You can file this info in the fwiw category. Thought if of interest so I am passing it along. From the Security Industry News website.
Bandwidth Drives CME's API Options
By John Sandman, Standards Editor
November 11, 2004 - Since deciding to replace its proprietary application program interface (API) for market data with an open standard earlier this year, the Chicago Mercantile Exchange has taken its time deciding which open standard to adopt. The Merc needs to get the project to the beta stage sometime next year, however, and bandwidth considerations--driven by customer complaints about the cost of connectivity and network usage--will likely decide the issue. The Merc's associate director of electronic business architecture, Matt Simpson, says the exchange has not yet made a final decision between FISDMessage--an XML-based standard that builds on the market data definition language (MDDL) developed by the Finance Information Services Division (FISD) of the Software & Information Industry Association (SIIA)--and a homegrown solution called "implicit tagging." A clear preference for home cooking is beginning to show itself, however. "All of the efforts and the serious proofs of concepts have been with implicit tagging," says Simpson. "We haven't taken those steps with the FISDMessage." The Merc will come to the FIX Protocol Ltd. Americas Conference 2004 in New York on Nov. 16 and 17 to talk about its market data proof of concept for the implicit tagging system, "which appears very promising," Simpson says. "Because implied tagging is based on an open standard--FIX--we're going to take it to the next step. I don't know if we're going to have time to go back and look at FISDMessage."
Have a great weekend all.
Bsulli
