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General Q/A
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re: how to determine Trader presence in FIX for real-time applications ?
John Greenan / Alignment Systems
11 Oct 2002 4:09AM ETWhile I've not seen this handled through FIX, I've never seen an investment bank turn away business because a trader is off the desk...
Although it might be an idea to add this to FIX, this is so dependent on the organisational structure (are traders members of desks, are traders covered by a secondary trader if off the desk? A third choice trader if the primary and secondary are off the desk?) that I cannot see that this is "Financial Information Exchange", it's more about coverage and structure.
As such, IMHO I don't think it's appropriate to add this to the FIX protocol.
Regards,
John
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> apparently Fix does not spec. out how to determine if a Trader/User is on-line or not.(AFAIK)
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> This can be vital information if your fix gateway wants to block sending out messages to your counter party, if the counter-party trader is not loggined into the trading application at the client end.
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> Any one has to deal with this situation? How do you folks handle this?
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> I realize presence is very application depenendant and every one does it differently but it would be nice to get a standard way of determining this for real-time order routing.
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> regards
> J.
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re: how to determine Trader presence in FIX for real-time applications ?
John Greenan / Alignment Systems 11 Oct 2002 4:09AM ET
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