CBOE Direct Access

EPAM provides pre-certified connectivity solutions for direct access to  CSM (Streaming Markets) , CMi2 (Order Routing) and FIX OrderEntry Interfaces of Chicago Board Options Exchange.

 

CBOE Direct Access
 

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B2BITS CMi2 Order Routing engine is a low latency solution specifically designed and preconfigured to fully support CMi2 Order Routing  interface of CBOE Command trading system and have the following features:

  • Connects and maintains connection to CMi2 Order Routing interface of CBOE Command via TCP/IP
  • Supports all the features of CBOE Command trading system for order routing and market making, including mass quoting, product information retrieval and status updates
  • Provides ability to define and trade multiple leg instruments, such as options strategies and futures calendar spreads
  • Supports GMD Acknowledgement of reports for an order or quote after a trade
  • Provides ability to enable Quote Risk Monitoring (QRM) functionality and set quote risk controls.
  • Allows subscription for Auction notifications
  • Provides ability for product downloading for trading session or for class (options, futures, strategy, equity) traded at CBOE
  • The latency is under microsecond between order creating and sending it to the socket and from the socket to call-back while getting a message
  • Provides flexible C++ API to receive rate information, market maker trade notifications and all strategy related messages

B2BITS CSM Market Data Adaptor is a connectivity solution for receiving market quotes, orders and trades data from CBOE Streaming Markets feed, having the following features:.

  • Connects and maintains connection to CSM feed via UDP
  • Provides the user with current market and ticker data available at CSM (quotes, best limit volume, ticker data, security definitions)
  • Automatically arbitrates between primary A and secondary B data feeds
  • Supports CBOE data recovery mechanism
  • Provides ability to load CBOE XML-based templates
  • Provides flexible C++ API to get the entire CBOE, CFE, CBSX, ONE, and CBOE2 product set.

FIX Order Entry engine based on FIX Antenna® library or FIXEdge® application server provides access to CBOEdirect to enable trading in all major asset classes - options, futures, options of futures and equities on a single platform and  has the following features:

  • Connects and maintains connection to CBOE FIX Interface via TCP/IP
  • Fully supports CBOE FIX Order Entry Interface workflow
  • Supports CBOE FIX 4.2. and 4.4. dictionaries
  • Supplied as library (.dll/.so) with user-friendly intuitive ANSI C++ / .NET / Java public interface or as standalone application
  • High performance/Low latency: in C++ implementation deliveries over 60,000 messages per second on a single CPU and adds up to 16 microseconds' latency on 100 Mbps network with persistence and 6microseconds' latency on 100 Mbps network without persistence.
  • Equipped with rich UI simplifying configuration and maintenance as well as allowing monitoring session statuses and parameters in real-time

The deployment of this solution will provide the following benefits:

  • Pre-certified with CBOE
  • Quick start and benchmark samples assuring prompt familiarizing with the software
  • Re-use of a proven and certified technology with direct market access
  • Reduced time to market and cost of implementation & operation
  • Lower technical risk for support and maintenance
  • 24x7 support provided worldwide
  • Availability of having solution customized to end-user specifics and requirements
  • Availability of "on-demand" software escrow