The CBOT has signed agreements with KCBT and MGEX to distribute their market data via its quote vendor network. The CBOT uses TDIâ¢ as its data distribution system and, in return, CMS will be paid additional annual fees for this service.
TDIâ¢ is a modular suite of software which is used to process, redistribute, analyse and store vast amounts of real-time financial data. The benefits to customers of TDIâ¢ include its wide range of proven input and output interfaces, together with inbuilt network resilience and significant data flow capabilities.
Bob Antell, Chief Executive of CMS, commented:
"We believe that its adoption by the CBOT and the Chicago Mercantile Exchange has defined TDIâ¢ as industry standard software for the distribution of financial market data.
"The fact that the CBOT will be distributing market data for KCBT and MGEX using TDIâ¢ is a further endorsement of its confidence in our software. This agreement enhances CMS's position as a leading provider of exchange data distribution software."
Steve Dickey, V.P. of Market Data Products and Information at CBOT, said:
"We're very pleased with the performance of the TDIâ¢ software. Recently CBOT has handled record trading volumes, and TDIâ¢ has coped effortlessly with this. We therefore had no hesitation in expanding our use of TDIâ¢ for KCBT and MGEX."