|
Allocations
< Previous Next >
re: How widely used are allocations?
Keith Woolterton / JP Morgan <>
13 Aug 2002 9:51AM ETThe demand from the buy side for brokers to support allocations is increasing in Europe. There are a few reasons behind this. Firstly vendor Order Management Systems are now implementing allocations via FIX - there are at least 4 OMS that I know of. This means that when buy side firms have got their infrastructure up and running for IOIs, orders, and executions, Allocations come for free (almost). Secondly, a number of buy side firms only use Gloabl Oasys as a means for brokers to send the splits back to the buy-side firm for confirmation. The splits themselves have to be communicated to the broker manually (phone or FAX) by the dealers. If the buy-side firm has an allocations-enabled OMS, there is a big attraction from their perspective to get away from the dealers printing off the splits and FAXing them - they just press a button!
>
> Well,
>
> Not many sell side brokers support allocations, standard is more to use Global Oasys to send allocations.
>
> Basically sell side brokers will implement if the clients(buy side) push for it.
>
> Ganesh
>
>
>
> > >
> > > I'm trying to get a feel for how many (sell side) institutions implement the 'allocations' portion of fix.
> > >
> > > If anybody can provide this i would be very gratefull.
> > >
> > > Would it be a fair assumption to make that if an institution has gone to the lengths of implementing FIX for Order/Execution flow then they would have implemented allocations 'as a metter of course'?
> > >
> > > Jem...
> > >
> > >
> > >
> > Did you get any responses to this posting ?. I consider it a matter of great strategic interest. I do not think it is "a matter of course" that orgainisations will implement FIX allocations as established ETC procedures existed long before FIX had any significant usage. Given that there is little competition to FIX in the IOI, Order, Execution area, it does seem to make a huge amount of sense to carry the structure through the entire ETC process.
> >
> > I for one would very much like to know sell side capabilities in this area, both in the US and in the rest of the world.
> >
> > Anyone ?
> >
>
re: How widely used are allocations?
Keith Woolterton / JP Morgan 13 Aug 2002 9:51AM ET
|
