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General Q/A
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PartyRole in TradeCaptureReport
Mikael Brännström / Nordic Growth Market
2 Oct 2008 9:33AM ETHi!
I have two questions concerning PartyRole in TradeCaptureReport.
1. How should PartyRole be set in a privately negotiated trade, one-party report for pass-through to counterparty? If e.g. PartyRole 17='Contra Firm' is used for the counterparty, should the market place change that in the message that is sent to the counterparty so that the counterparty does not see itself as 'Contra Firm' etc.
Are there any differences when the counterparty is the same as the reporting party?
2. What should be used for PartyRole when the trade is a result from matching orders? Both 13='Order Originating Firm' and 27='Buyer/Seller' seem to work fine, but what is the best practice?
Regards
Mikael
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