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MDP 3.0 - Simple Binary Encoding

MDP 3.0 - Simple Binary Encoding

MDP 3.0 uses compact Simple Binary Encoding (SBE) optimized for low latency of encoding and decoding while keeping bandwidth utilization reasonably small. Concise message sizes are used but without the processing cost of compression. All FIX semantics are supported. The encoding standard is complimentary to other FIX standards for session protocol and application level behavior.

CME Group has developed SBE in coordination with the FPL Working Group to optimize electronic exchange of financial data, particularly for high volume, low latency data dissemination. This topic describes implementation of SBE in receiving and processing CME Group FIX encoded electronic market data.

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