|
Allocations
< Previous Next >
Re: Versus Purchase date for tax lot trading
Lisa Taikitsadaporn / Brook Path Partners, Inc. <>
14 Apr 2010 9:49PM ET David,
The topic of tax lot information / versus purchase information is being discussed in the FPL-MMI Collaboration Working Group. This topic has been raised with the Americas Regional Committee's leadership to determine whether the cost basis reporting regulation would also affect institutional side or just the retail side.
Two user defined fields were registered by Citi for VSPDate (5751) and VSPPrice (5752). The FPL-MMI WG intends to recommend that these be used in FIX 4.2 implementations. The remaining question for the retail folks is whether a tax lot ID is desirable.
Currently there are not official tags assigned by FPL to support this yet.
As FISERV is a member of FPL I would encourage FISERV to at least participate in the FPL-MMI WG (please contact the FPL Program Office).
> Hello,
>
> I'm hoping someone could help me out here. I was going over the
> AllocationInstruction message, in Fiximatem and I noticed there is no
> reference/option for a versus purchase date field name, how do other
> users of FIX 5.0 store their versus purchase date information for each
> sell trade in the allocation message? Is the versus purchase date
> information stored in a different tag? Does a seperate message need to
> be created to send out the tax lot information?
>
> Any insight would be much appreciated.
>
> Thanks, David
Re: Versus Purchase date for tax lot trading
Lisa Taikitsadaporn / Brook Path Partners, Inc. 14 Apr 2010 9:49PM ET
|
@FIXProtocol
