What's the difference between CFE Market Data & MDX?
MDX is a data feed consisting of over 60 Index Values including SPX, OEX and VIX. This is only the cash index value - no trades or quotes are on this feed. For a list of the current index values available see www.cboe.org/mdx/MDIProducts.aspx.
CFE market data consists of quotes, trades, and book information from the CBOE Futures Exchange. The data includes VIX Futures and Options on VIX Futures.
What is offered with each service within CFE?
CFE Enhanced includes BBO quotes and last sales information, Contingency (AON) quotes, Strategy BBO information (spreads), and the VIX Cash Value.
CFE Enhanced Book Depth provides five levels of Book Depth but does not include trade data.
What are the fees?
$2,000 annual Market Data Recipient Fee
$2,500 annual fee for Market Data Redistributors
CFE Enhanced - $7.50 per user per month
CFE Enhanced with Book Depth- $15 per user per month
Bulk Data fee-$25 per month
How will reporting for real-time users be done?
Directly with MDX.
Can real-time data be displayed on an open website?
No, real-time data can only be displayed through password-protected websites.
Is the data available through extranet providers?
Yes, most extranet providers will carry the data including SFTI, Radianz, Savvis, Born Capital, Finexeo, Fixnetix, Guava Tech, Nyse Technical, Options IT, Pico Trading, Redline Trading, Quanthouse and Treus Solutions.
How much bandwidth is necessary for this system?
CBOE is recommending a 1 GB if you are receiving CFE enhanced data along with CBOE CSM.
After I sign a contract, what happens next if I am using another vendor to receive the data?
CFE will contact the other vendor and instruct them to enable the data.
What are the hours of operation?
The trading week for VIX futures will begin on Sunday at 5:00 p.m. and end on Friday at 3:15p.m. CFE will be closed for trading on Monday through Thursday for 15 minutes between 3:15 p.m. and 3:30 p.m. and trading for the new business day will begin at 3:30 p.m. on Monday through Thursday. CFE will close at 3:15 p.m. on Friday and will remain closed until 5:00 p.m. on Sunday, when the new trading week will begin. Regular trading hours in VIX futures will continue to be from 8:30 a.m. to 3:15 p.m. Monday through Friday and trading in VIX futures during all other times will be extended trading hours.
Are re-transmissions available?
Is the data pulsed or streaming?
Streaming multicast feed.
What is the backup to this system?
A warm slave will take over in the event of a failure.
What format is the data in?
CSM message format.
Will trades be included?
Yes- on the Top of Book feed only.
What data is sent out pre-open?
Pre-open data will include the product definition and product state. Market orders will not be included.