Market Data Optimization Working Group

The purpose of the Market Data Optimization Working Group (MDOWG) is to develop recommended enhancements to the FIX Protocol to support high frequency market data applications - specifically derivatives trading but also for the broad requirements of all markets.

MDOWG will analyze alternatives and make a recommendation to the FPL Global Technical Committee .

In addition, the Data Representation and Transport Subgroup of MDOWG have developed a Proof of Concept (POC) project to explore various methods of optimized data representation within the FIX protocol. The POC intention is to quantitatively analyze the pros and cons of the various approaches, using multiple market data sample sets.

MARKET DATA PROOF OF CONCEPT (POC) SPONSORS ARE AS FOLLOWS:

	Archipelago Exchange FPL
	Chicago Mercantile Exchange FPL Premier
	International Securities Exchange FPL
	London Stock Exchange FPL
	Microsoft FPL
	Singapore Stock Exchange FPL