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Abstract
The SIX Swiss Exchange is preparing to roll out a new feed of equity and options market data based on the ITCH protocol, dubbed ITCH Marketdata Interface (IMI) as part of its migration to the X-stream Inet trading platform from Nasdaq OMX later this month, to provide market participants with a wider choice of protocols for connecting to data from the exchange. The new IMI feed will be available from the X-Stream Inet platform's launch date on April 23, and will deliver the minimum amount of static data required to identify and maintain the full-depth order book for each instrument to minimize latency. IMI complements SIX's existing Market Data Interface feed, which is based on the FIX Adapted for Streaming 5.0 protocol and provides detailed pre- and post-trade information on the ten best bid and offer prices.