A new order entry protocol on CME Globex based on FIXP.
Simple Binary Encoding optimized for low latency of encoding and decoding.
FIX Performance Session Layer based on SBE.
It is comprised of four or three iterations: negotiate (is not required for intra-week connections), establish, message exchange, and terminate.
It is comprised of one or more iLink 3 Connections, meaning that iLink 3 Session spans multiple negotiations.