MDP 3.0, is CME migrating to a new data comm protocol? - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


MDP 3.0, is CME migrating to a new data comm protocol?
Updated: Views / Replies:24,868 / 86
Created: by Malthus Attachments:4

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 4  
 
Thread Tools Search this Thread
 

MDP 3.0, is CME migrating to a new data comm protocol?

  #81 (permalink)
Elite Member
Denver Colorado
 
Futures Experience: Intermediate
Platform: Tradestation & MT4
Favorite Futures: ES, YM, Forex
 
Posts: 8 since Mar 2012
Thanks: 0 given, 8 received

Tradestation Announcement?

Does anyone have an update on Tradestation's switch to this new data protocol?


It is supposed to happen this Month (August), & last I heard (from emini-watch.com), TS was considering offering two different symbols for a particular instrument; one with bundled data, & the other unbundled (data converted on TS servers, as it is right now).


Anyway, emini-watch.com has an interesting article on the upcoming data change compared to the last one from a few years ago.
CME Changes Tick Data, Again! (MDP 3.0) | Emini-Watch.com


Please give an update on this topic relative to Tradestation if you have one.

Thanks,
CH

Reply With Quote
The following user says Thank You to CH888 for this post:
 
  #82 (permalink)
Elite Member
Denver Colorado
 
Futures Experience: Intermediate
Platform: Tradestation & MT4
Favorite Futures: ES, YM, Forex
 
Posts: 8 since Mar 2012
Thanks: 0 given, 8 received

Tradestation Data Update 8.11.15

TS now says that an announcement is coming at the end of this month (August); this notice will show up in your inbox at the Customer Center when you are logged in.

Supposedly the data switch is now slated for September, but they will not say what day.
They still acknowledge that Tick charts will be affected, but will not say what they will do to resolve that issue.


Emini-Watch should have a more thorough update later this month; Barry seems to have some pull with TS & gets more detailed info from them on platform & data issues.


Stay Tuned,

CH

Reply With Quote
 
  #83 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,231 received


Just a note on how IQFeed is handling it.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 4 users say Thank You to Big Mike for this post:
 
  #84 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,231 received

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 4 users say Thank You to Big Mike for this post:
 
  #85 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: NQ ES & Equities
 
paps's Avatar
 
Posts: 1,512 since Oct 2011
Thanks: 1,972 given, 1,279 received
Forum Reputation: Legendary

Hi @CH888 ....did you hear anything from Barry.

From what I can tell I don't see any difference till date.
Or perhaps not been able to tell what has changed from the proposed changes looking into link by @Big Mike and the charts and stuff I have setup. So perhaps those need tweaks after I understand this.

Will run few things I typically run from a short term and long term perspective and have it run tomorrow during RTH to close..but so far cannot see any difference.

Thnx


CH888 View Post
TS now says that an announcement is coming at the end of this month (August); this notice will show up in your inbox at the Customer Center when you are logged in.

Supposedly the data switch is now slated for September, but they will not say what day.
They still acknowledge that Tick charts will be affected, but will not say what they will do to resolve that issue.


Emini-Watch should have a more thorough update later this month; Barry seems to have some pull with TS & gets more detailed info from them on platform & data issues.


Stay Tuned,

CH


Reply With Quote
 
  #86 (permalink)
Trading Apprentice
New York
 
Futures Experience: Advanced
Platform: IRT
Favorite Futures: Piano
 
Posts: 43 since Dec 2013
Thanks: 2 given, 31 received

I have been watching the data on Rithmic,Continuum and TT Net very carefully at the micro level since this was announced.I have witnessed differences in the tick data and the tick data derived signals between the 3 platforms I use.I have had to make adjustments back and forth several times.No warning from the brokers or data vendors.Some vendors posted bulletins on their websites.The best being Rithmic's statement.

After speaking to a few different people in the business of selling data this is what went on.
The switch to MDP 3.0 was at different stages beginning in March.By different stages I mean some futures contracts on the CME,Cbot,Nymex were switched to MDP 3.0 before others.You can imagine the havoc it created.Before the transition was complete many retail customers complained about the new data having less ticks and it being an "unfair and HFT beneficial" consolidated feed without really understanding what it really meant at the granular level.So what the data vendors did,confirmed by a few of them and as a further example, look at the posted bulletin a few posts up from IQFeed.

The CME sends the data bundled aggressor side...IQFeed breaks it up and sends it un-bundled/non aggressor and 3rd party charting apps or other vendors can re bundle it. Sounds like clean data?


So basically we are getting MDP 3.0 protocol feed with pre MDP 3.0 hybrid broken up data.Call it what you will.

Do we want data that is "touched" before we get it which is subject to each and every data vendors preferred way of getting that coded?I doubt very much IQfeed,Rithmic,Continuum and Tradestation coders are having lunch together to discuss how it should be done.

I heard that the HFT firms fought the new data for awhile since they played with it from 2013...I'm wondering why.

Furthermore..every time I sent an email to a broker or tech support a week apart I've received a different answer,a retracted statement or a clueless response.

In summary we are getting MDP 3.0 non aggressor side data while MDP 3.0 is suppose to be aggressor side.
The legacy data from 2009 until now has been non aggressor...

To those who were trading back prior to 2009 should know which they prefer.

IF any of the vendors,brokers,micro-structure data traders care to comment and enlighten us I am all ears.

Reply With Quote
The following 7 users say Thank You to mpxtreme for this post:
 
  #87 (permalink)
Elite Member
Fort Worth TX USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 38 since Sep 2015
Thanks: 12 given, 14 received

Volume based filter users - Read this.


mpxtreme View Post
I have been watching the data on Rithmic,Continuum and TT Net very carefully at the micro level since this was announced.I have witnessed differences in the tick data and the tick data derived signals between the 3 platforms I use.I have had to make adjustments back and forth several times.No warning from the brokers or data vendors.Some vendors posted bulletins on their websites.The best being Rithmic's statement.

After speaking to a few different people in the business of selling data this is what went on.
The switch to MDP 3.0 was at different stages beginning in March.By different stages I mean some futures contracts on the CME,Cbot,Nymex were switched to MDP 3.0 before others.You can imagine the havoc it created.Before the transition was complete many retail customers complained about the new data having less ticks and it being an "unfair and HFT beneficial" consolidated feed without really understanding what it really meant at the granular level.So what the data vendors did,confirmed by a few of them and as a further example, look at the posted bulletin a few posts up from IQFeed.

The CME sends the data bundled aggressor side...IQFeed breaks it up and sends it un-bundled/non aggressor and 3rd party charting apps or other vendors can re bundle it. Sounds like clean data?


So basically we are getting MDP 3.0 protocol feed with pre MDP 3.0 hybrid broken up data.Call it what you will.

Do we want data that is "touched" before we get it which is subject to each and every data vendors preferred way of getting that coded?I doubt very much IQfeed,Rithmic,Continuum and Tradestation coders are having lunch together to discuss how it should be done.

I heard that the HFT firms fought the new data for awhile since they played with it from 2013...I'm wondering why.

Furthermore..every time I sent an email to a broker or tech support a week apart I've received a different answer,a retracted statement or a clueless response.

In summary we are getting MDP 3.0 non aggressor side data while MDP 3.0 is suppose to be aggressor side.
The legacy data from 2009 until now has been non aggressor...

To those who were trading back prior to 2009 should know which they prefer.

IF any of the vendors,brokers,micro-structure data traders care to comment and enlighten us I am all ears.

So, where are we at with this. A friend asked me what I was using and I didnt' even know. I think most people don't know. Want to hear from aggressor side users...because they are the minority. And probably the ones making the money...just speculating.

I sent an email to rithmic and they have a special protocol- Rithmic 01 mdp3 gateway. This is not their default feed.

I'm going to have to spend a lot of time re-working all my settings. But I believe it'll pay off.

Again, aggressor side data users, please comment.

Reply With Quote

Reply



futures io > > > > MDP 3.0, is CME migrating to a new data comm protocol?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Bitcoin protocol vulnerability Big Mike Cryptocurrency Trading 0 November 5th, 2013 05:11 PM
Free CME Globex data KennyK Reviews of Brokers and Data Feeds 2 September 23rd, 2013 11:04 AM
Just need CME mini data Feed Blister Reviews of Brokers and Data Feeds 5 August 31st, 2013 04:00 PM
FBI wants to ban new Internet protocol kbit News and Current Events 1 June 19th, 2012 05:44 PM
Mirus free $500 comm thru end of March 2012 Big Mike Reviews of Brokers and Data Feeds 7 June 17th, 2012 04:54 AM


All times are GMT -4. The time now is 01:24 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.12 seconds with 19 queries on phoenix via your IP 54.234.255.29