FIX Performance Session Layer based on SBE.
A new order entry protocol on CME Globex based on FIXP.
Simple Binary Encoding optimized for low latency of encoding and decoding.
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 an iLink 3 Session spans multiple negotiations.