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Re: Sell-side used FIX Messages for listed derivatives
DEBASHIS DAS / Omgeo LLC.
25 Jun 2008 5:30PM ETHi,
Thanks for your help with this.
I had one more question to the group: Is CFICode (461) being adopted widely for Futures & Options security identification instead of SecurityType(167)?
Thanks,
Deb
> Hi All;
>
> For Futures and Options on Futures we use the allocation report (AS) to
> confirm our the activity related to an allocation instruction (J). I am
> aware of at least 4 sell side (Future Commission Merchants) who do the
> same thinng.
>
> Cheers, Tayloe Draughon
>
>
> > Hi Robert, Thanks for the letting me know, but would AllocationReport
> > (AS) be the message used for Futures/Options or should Confirmation
> > (AK) be the one or something different. AllocationReport (AK) would
> > be definitely used for Fixed Income since the message is more
> > meaningful from a FI trade perspective but would it be true for
> > Futures/Options also.
> >
> > Appreciate all your help.
> >
> > Thanks Deb
> > > My mistake. I meant to say that an acknowledgment of the allocation
> > > instruction is followed by an allocation report. Confirmation is
> > > not used.
> > >
> > > > Hi Robert,
> > > >
> > > > Thank you for the details. I understand Confirmation (AK) to be
> > > > used for sell-side to confirm buy-side's allocations, but why
> > > > would an AllocationReport (AS) follow an AK? Aren't those the
> > > > messages which conveys the same details? Another question which I
> > > > had was could AK be used for CFD's too?
> > > >
> > > > Thanks again for your help. Deb
> > > >
> > > > > Hi Deb,
> > > > >
> > > > > It would be the AK followed by an allocation report.
> > > > >
> > > > > Robert
> > > > >
> > > > > > Hi, I wanted to check with the group and sell-side members on
> > > > > > the FIX message (in version 4.4) mostly used by sell-side
> > > > > > firms for sending confirmations in response to an Investment
> > > > > > Manager's Allocations of a Broker/Dealer executed listed
> > > > > > Option or Future (listed derivatives) trade: would it be a
> > > > > > Confirmation (MsgType=AK) message or some other message?
> > > > > >
> > > > > > Thanks in advance for your help.
> > > > > >
> > > > > > Debashis Das Omgeo LLC.
Re: Sell-side used FIX Messages for listed derivatives
DEBASHIS DAS / Omgeo LLC. 25 Jun 2008 5:30PM ET
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