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Re: Query regarding Allocation message
FIX Query
18 Mar 2010 2:46AM ET Hi Vinay,
If allocations are supported at Exchange level, Post Trade Allocation message (MsgType = J) can be sent with tags 79 and 80 bearing repeating group B-30, C-30 and D-40.
But few exchanges, viz., Indian Exchanges do not support allocations (i.e. division of traded quantity) once trade is confirmed. In such scenario, Post Trade Allocation message can be sent to sell side only for back office reference purpose.
> Hi, I have a query regarding Allocation message (MsgType = J) in FIX
> Protocol 4.2. It is specified in the FIX 4.2 errata that the allocation
> message can be sent by an entity to carry out Post-Trade divisions of
> Account Type and Executed Quantity (Traded Quantity). According to my
> understanding, say for example, a fill with (Traded Quantity = 100 and
> Account = 'A') is received. Now, broker wants to divide the above fill
> in the following fashion:
>
> Traded Quantity Account --------------- ------- 100 A (Original) 30
> B 30 C 40 D
>
> For the aforementioned activity, is Allocation (MsgType = J) the
> right message? If yes, can it be used at the exchange level? Meaning,
> can an entity send an allocation message directly to an exchange or
> to sell side?
>
> Thanks in advance, Vinay M
Re: Query regarding Allocation message
FIX Query 18 Mar 2010 2:46AM ET
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