Latest News !... Beta Release of Binary and FIX protocols in CTSG Next Release Test Environment available from April 5 2010
The NYSE Euronext Universal Trading Platform is being developed to replace all current Trading Systems within NYSE Euronext, for both Cash and Derivatives markets, worldwide. Its implementation, phased by business and locations, has started with the European Cash markets at the end of 2008.
The Universal Trading Platform will apply new state-of-the-art technology to deliver the industry's most innovative, fast and reliable multi-asset class trading platform, including all products listed in NYSE Euronext marketplaces adapted to local business, regulatory and post-trade environment. The platform will be based on well-recognized and best-of-breed systems from across NYSE Euronext group to create an integrated, best-in-class system that will provide outstanding value to customers, offering optimal scalability, greater capacity and very low latency.
The Universal Trading Platform advantages include:
All-in-one connectivity, allowing customers access to all of NYSE Euronext's marketplaces, through new common customer gateways (CCG), hosted in our data centers, and SFTI, the company's high performance and resilient network which already provides secure and reliable connectivity to NYSE Euronext markets in the US and is expanding to Europe.
A new generation trading engine, which is already recognized by leading global players as the gold standard for trading
A common platform for market data dissemination
The Universal Trading Platform for NYSE Liffe will implement new common Order Entry and Market Data protocols. At the contrary of the LIFFE CONNECT API, Order Acknowledgements will be received separately from Market Updates.
Order Entry will be via the
Common Customer Gateway (CCG). The CCG will support point to point communication (TCP/IP) via the following protocols:
FIX 5.0: NYSE Liffe will be the first Derivatives Exchange to provide a 5.0 version of FIX, recognised as the industry standard for its seamless integration with Member's Straight Through Processing systems.
Binary: A proprietary messaging protocol requiring little translation, therefore being the fatest Order Entry method.
Market Data will be broadcasted over the
Exchange Data Publisher (XDP) that includes the following components:
Real Time Market Data will be broadcasted via dual multicast streams (A and B), FAST Optimised, divided into product groups serviced by separate multicast streams.
Retransmission Server: Members will be available to request a limited number of missed data packets via TCP/IP.
Refresh Service: Members will be able to get a snapshot of the order book at the time of the request over dual multicast streams.
FTP Standing Data: Static and daily data wil be available to download from an FTP site every morning prior to the opening of the market. A subset of standing data plus all intraday changes will be broadcasted over the real time services, however in separate dual streams.For the first phase of the the NYSE Liffe migration on the Universal Trading Platform, the new external interfaces will be depoyed against the existing LIFFE CONNECT Trading Engine and made available externally over the SFTI network. The existing LIFFE CONNECT infrastructure, including the API, will remain accessible via LiffeNet and SFTI with no functional or behaviour changes. Members must ensure that their new infrastructure over SFTI is set up with the appropriate bandwidth and Application Services. Following a period of parallel running, the LIFFE CONNECT API and gateways will be decommissioned.
The UTP Technical Documents page will contain all relevant information to help you building your application, running the conformance and migrating to the Universal Trading Platform.
For any further questions about UTP, please contact Technology Partnerships via email at technologypartnerships@nyx.com or at +44 00 207 379 2417.