The ISE Depth of Market Feed is designed to improve trading efficiency by providing transparency beyond the Best Bid and Offer (BBO) on the world’s largest equity options exchange.
The ISE Depth of Market Feed is delivered using the FIX FAST protocol. This product is one of the first market data offerings to use this new standard, which reduces the bandwidth required to receive data and decreases the latency of transmission. The FIX FAST format makes it easy to integrate the feed with other applications and does not require use of a proprietary application programming interface (API). ISE was an active member in the FIX Protocol Organization which developed the FAST protocol to encourage use of a common industry standard for market data.
Gary Katz, ISE’s COO, said: ISE’s new Depth of Market Feed demonstrates our continuing commitment to deliver enhanced trading tools to our customers as well as to remain at the forefront of technological innovation. This product establishes a new standard in market data dissemination to make data easier to access and more efficient to use for traders and investors.
