Exchange Systems, Inc.
 


ConnectMX software provides specialized market data solutions that are optimized for individual exchanges. Different exchanges support different market data message protocols. For example, CME provides market data in RLC format and ICE provides market data in FIX format. ConnectMX is designed to be scalable and be able to handle high market data volume.

Currently, ConnectMX is certified at Chicago Mercantile Exchange(CME, incl. CBOT,NYMEX) and Intercontinental Exchange (ICE)

ConnectMX for CME, CBOT and NYMEX:

  • Certified with CME's FASTFIX based Market Data Platform
  • Implemented all of the CME supported FASTFIX messages, including administration and messages with information about pre-open, opening and closing of markets
  • Provides tick by tick market data in real time
  • Provides top-of-book (best bid, best offer) information for all markets in real time
  • Provides top 5 limits information for all markets in real time
  • Provides top 10 limits information for some markets in which CME market data supports 10-deep order book

ConnectMX for ICE:

  • Certified with ICE's FIX compliant market data platform
  • Implemented all of the ICE supported market data messages, including administration and messages with information about pre-open, opening and closing of markets
  • Provides tick by tick market data in real time
  • Provides top-of-book (best bid, best offer) information for all markets in real time
  • Provides complete book information for all markets in real time


Typical usage scenarios for ConnectMX:

  • Algorithmic Traders, requiring high speed connectivity to exchanges, to receive and process market data ? Core functionality of ConnectMX is available as API(Application Program Interface), helping ISVs with faster development, and easier integration with their trading systems
  • ConnectMX provides back testing functionality, which makes it easy to test new trading algorithms
  • ISVs developing screen based market data systems
  • ISVs developing algorithmic trading systems
  • Any buy side firms, proprietary trading firms, requiring connectivity to exchanges or other trading partners


Technical Features:

  • ConnectMX is written in 100% pure Java programming language, and hence it can be deployed on any hardware to get the performance advantage of advanced server hardware
  • ConnectMX is multi threaded, in order to handle high transaction throughput
  • ConnectMX provides a flexible API (application program interface) so that the software can be easily integrated with other systems
  • ConnectMX provides top of book and top 5 limits
  • as API and hence advanced book depth based trading strategies can be developed
  • ConnectMX can also be configured, so that a single exchange connection can be shared by multiple traders within the trading group