What trading market data ACTUALLY looks like
In this video I go over a actual example of trading market data, dissecting the update in Wireshark. I also introduce you to CME's MDP3, various update types, as well as what an event is, and what a packet is.
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Wireshark: https://www.wireshark.org/
Open-Market-Initiative Wireshark Plugins: https://github.com/Open-Markets-Initi...
CME MDP3 Documentation: https://www.cmegroup.com/confluence/d...
CMEMDP3 Orderbook MBO and MBP Documentation: https://www.cmegroup.com/confluence/d...
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Real-time market data decoded — actual CME MDP3 packets, order book updates, and trading network protocols analyzed in Wireshark. See the raw bytes that power modern financial markets.
What you'll learn: how CME MDP3 structures real-time market updates, the difference between MBO (Market By Order) and MBP (Market By Price) data, what constitutes a market data "event" vs. a network "packet," how to parse live trading feeds using Wireshark, and order book management in practice.
If you're building an algorithmic trading system, working as a quant engineer, or preparing for an HFT role, understanding market data feeds is non-negotiable.
Wireshark: wireshark.org
CME MDP3 Docs: cmegroup.com/confluence
Wireshark Plugins: github.com/Open-Markets-Initiative/wireshark-lua
Mentoring: calendly.com/coding-jesus
Discord: discord.gg/ZSrHrAw
#TradingTech #QuantDeveloper #MarketData #CME #Wireshark