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Re: TransactTime
Jörg Thönnes / Macdonald Associates
19 Mar 2008 7:41AM ETHi Reetesh,
According to Scott Atwell, TransactTime is the business level concept of the SendingTime, see link
http://fixprotocol.org/discuss/read/c1b42730
So I guess to set is 3 days back is not correct. Just use the time when you send it from the application level to the FIX link the first time.
I suppose to post this question to the General Q/A section where more people, e.g. from the exchanges workgroup listen.
Cheers, Jörg
> > Reetesh,
> >
> > In my opinion you have to enter transact time as today-3. Please
> > refer to the discussion thread - "About tag 60 and tag 75" under
> > General Q/A posted on this website in Sep 2003 for some further
> > clarification on this.
> >
> > Regards Sunil Singh
>
> Hi Sunil, Yeah, i checked that discussion..it cleartly says
> "TransactTime should reflect the time the business message was
> initiated" so having this transact time for trades on trade date is not
> questionable. But it does not say anything about how AS-ofs or Late
> giveins should stamp the transact time.
>
> The question is if you are booking AS-Of trade in you book and if
> thats a late give in , you really dont know at what time transaction
> was actully done for this trade.
>
> All that you know is that its a trade for some XYZ trades, and you got
> it today. Is there some kind of "contact-us" link for this FIX
> protocol where i can raise a question and get an answer- as a
> thumbrule for this?
>
> rgds
Re: TransactTime
Jörg Thönnes / Macdonald Associates 19 Mar 2008 7:41AM ET
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