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Derivatives
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Option and Future identification
Bernt Sanden / OM group
12 Jan 2001 8:10AM ET Hi,
I have understood that the symbol field is not enough to identify options and futures in the FIX protocol. Options, for ecample require SecurityType=”OPT”, Symbol, MaturityMonthDate, PutOrCall, and StrikePrice.
In our OMS system, however, each security (even futures and options) is fully identified via the Symbol field. Our Symbol field contains Underlying security, putorcall, strikeprice, year and month of maturity)
So my questions is:
Can i skip all additional fields (except for the symbol) used for identification of options and futures in all FIX messages were the Symbol field is used? Do i abuse the FIX spec in this case?
Actually i want to reject messages that contain additional identification fields. Is this strategy ok?
Regards, Bernt Sandén
Option and Future identification
Bernt Sanden / OM group 12 Jan 2001 8:10AM ET
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