This topic provides information on EBS Spectrum Market Data Platform (MDP) functionality which provides Time Weighted Average Price (TWAP) and Volume Weighted Average Price (VWAP) market data for the following markets:   

• FX Spot

• Precious Metal Spot 

Contents

The following market data services are available for EBS Spectrum markets.

This section provides an overview of current CME Group market data technology processing concepts that will be used for the EBS Spectrum feeds. If you are new to CME Group MDP technologies or wish to better understand how your current CME Group system aligns with upcoming EBS Spectrum functionality, CME Group recommends starting here.

The CME Group Market Data Platform (MDP) disseminates bid, ask, and trade data for CME Group markets and provides recovery and supporting services for market data processing.

Market data is organized by Market Data Group, which is a configuration of MDP channels providing all market data required to support markets for a given product or set of products. EBS on CME Globex will have one of the following Market Data Groups:

CME MDP Conflated TCP market data group supports one minute conflation over TCP unicast in Simple Binary Encoding (SBE). Each Conflated TCP channel market data group has separate I/P and ports, therefore session activity will only apply to their respective channels. 

This section provides an overview of MDP components for EBS Spectrum MDP. 

TCP MDP Gateway disseminates CME Group market data using TCP encoded packets.

This section provides an overview of the startup procedure on CME Globex for the CME MDP TCP feed.

For a startup prior to the weekly market open and for a late joiner startup, to obtain all entitled data and subsequent updates, it is recommended clients send the following request with the type equal to Snapshot and Updates (tag 263-SubscriptionReqType=1):

• Market Data Request Message (35-MsgType=V)

For more information regarding request messages see Conflated MDP TCP - Request Messages.

Market data services provide the external data required to process CME Group market data. 

There are three MDP services available for EBS markets on EBS Spectrum: EBS Derived SBE Schema, TCP Session Management SBE Schema and CME Reference Data API. FTP and SFTP sites are used to store the schema files and configuration files for all environments.

CME provides an FTP (ftp://ftp.cmegroup.com) and SFTP (sftpng.cmegroup.com) site to disseminate MDP SBE schemas and market data configuration information. This FTP/SFTP site contains the schema and configuration files for all events. 

Information applies as follows in the table:

• Environment - specific environment (i.e., Certification, Certification AutoCert+, New Release, New Release AutoCert+, Production)

• Service - EBS Derived MDP SBE Schema, TCP Session Management SBE Schema

• FTP/SFTP Site - address of the FTP/SFTP site

• Directory Location - identifies directory

• Client System Update Schedule - client systems should download updates according to schedule specified