iLink Functional Specification
The iLink order entry protocol on CME Globex provides:
Simple Binary Encoding (SBE) - optimized for low latency of encoding and decoding
FIX Performance (FIXP) protocol - supports simple session layer management; no session-level information (e.g. headers) required
Optimized order entry on the CME Globex platform for futures, options, BrokerTec, and EBS markets
Lean messages move administrative information out of order entry business message
Standard message size, fixed positions, and fixed length fields
Consistent encoding method for market data and order entry
XML schema and templates for order entry as with MDP 3
All iLink sessions are Cancel on Disconnect (CoD) mandatory, except iLink CGW sessions for futures and options markets.
All newly created iLink CGW sessions will be created with Cancel on Disconnect (COD) enabled. To disable COD, Clearing Firm Administrators must enter the change request via Firm Admin Dashboard (FADB).
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Contents
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iLink Gateway Considerations
iLink has the following considerations for Convenience Gateway (CGW), Market Segment Gateway (MSGW), and Drop Copy Gateway (DCGW) customers:
| CGW and MSGW | DCGW |
---|---|---|
iLink |
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Developing to iLink
The following table summarizes the considerations for client systems developing to iLink:
Layer | Feature | iLink |
---|---|---|
Presentation | Message encoding | Simple Binary Encoding |
Session | Authentication, Recovery | FIX Performance Session Layer (FIXP) |
Application | Business logic | Improved FIX semantics |
Transport | End-to-end delivery | TCP |
Network | Virtual Circuits, Routing | IP |
System Architecture
This diagram provides an overview of iLink order entry architecture.
CGW sessions
MSGW sessions
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