CMS WebView and CBOT launch market data feed
12 January 2004 | 739 views | 0
CMS WebView plc (CMS), a leading provider of software systems for real-time financial data distribution and management, and the Chicago Board of Trade(CBOT) confirm that the Exchange's new market data feed has successfully "gone live".
The new market data feed provides the CBOT's customers with access to real-time information about the financial products traded, such as prices and volumes.
CMS announced that it had won the contract to develop the CBOT's market data feed in April.
The market data feed is powered by CMS's proprietary suite of software, TDIT, which collects, processes and prepares for distribution, real-time market information from all data sources within the Exchange. This includes the new LIFFE CONNECT electronic trading platform.
In recent years, TDIT has established itself as industry standard software for the distribution of financial market data generated by exchanges. Versions of the software have already been installed at organisations including the London Metal Exchange and the Chicago Mercantile Exchange.
Bob Antell, Chief Executive of CMS, commented on the successful launch: "CMS is pleased to provide the Chicago Board of Trade with TDIT software. The migration process has gone extremely well, as both organisations have worked hard to make this launch a success."
CBOT Vice President of Market Data Products, Steve Dickey, said: "We're very pleased with the performance of TDIT. Our customers are already reaping the benefits of the new market data feed, which has an enhanced level of functionality and improved speed of delivery. I want to thank the staff members of the CBOT and CMS who worked intensely for some months to deliver the new market data feed in conjunction with the launch of the Exchange's new electronic trading platform."