News
Getting Faster with Magmio
31. 1. 2023
CME was one of the first exchanges where our early clients deployed Magmio. We were there together when CME moved from the FAST-encoded MDP 2 to the improved and faster MDP 3 with SBE (Simple Binary Encoding) about seven years ago. That’s when we released our original MDP 3 feed handler.
Since then, our clients have deployed Magmio at various other exchanges in North America, Europe, and Asia. We have gained a lot of experience through many customer projects.
We’ve managed to reduce the latency by 30-100 nanoseconds, depending on the specific use case and hardware platform.
Today, we are taking that experience back to CME with the release of a completely reworked CME MDP 3 feed handler. Our clients can enjoy the latency reduced by 30 - 100 nanoseconds, depending on the specific use case and hardware platform. The total wire-to-wire latency gets below 300 nanoseconds with a full tick-to-trade pipeline, including the book, in FPGA. For simpler strategies triggering directly on market data messages, latency is close to 100 nanoseconds.
The new CME MDP 3 feed handler is faster, leaner, and better. We are really confident in the new code. That being said, we can’t wait to rework it again a couple of years from now in our endless pursuit for improvement.
What do you think? Are you ready to switch gears now?
