|
Collective Investments
< Previous Next >
re: Subscription/Redemption as ExecInst
John Gibbs / Reuters Ltd
27 Mar 2002 1:02PM ETOr perhaps Tag 54, Side, where 10 = Subscribe and 11 = Redeem, or if you require this field to be only one character in length, you could use D and E as valid values.
Dwight's comments from previous postings are still valid, however it is often the case that a client entering an order prefers to clearly state 'subscribe' or 'redeem' due to the tax impact and for clarity in the back-office. This would also be helpful for clients mapping FIX into a GUI application.
Does this require a 'CIV recommendation' to clearly state how FIX addresses subscribe and redeem?
Regards
John
> An alternative solution could be using TAG 40 (OrdType) which logically would even make more sense.
>
> The values could be extended to something like Josef's Z=Subscription/Redemption.
>
>
re: Subscription/Redemption as ExecInst
John Gibbs / Reuters Ltd 27 Mar 2002 1:02PM ET
|
