MDP 3.0 - Book Management

This topic describes book management for Market by Price (MBP), Market by Order Full Depth (MBOFD) and Market by Order Limited Depth (MBOLD).

MBP disseminates an aggregate book with summarized order quantities and order counts at a given price level for an instrument. MBOFD disseminates individual orders and quotes at every price level for the given instrument. MBOLD sends the top 10 bid and ask orders on an order book for a given instrument. MBP and MBO updates will be embedded on the same market data incremental events and channels.