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Foreign Exchange
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Re: Trade Date of the New Order-Single
Jay Hurley / Morgan Stanley
12 Jul 2010 7:46AM ET This works for specific markets but not in general for example, New Zealand spans two dates by GMT as do all FX markets and several futures markets e.g. the CME where the date part of 60= does not equate to the trade date.
Regards,
Jay
> Do we have a tag to indicate the Trade Date of the New Order-Single?
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> In msgType 35=D, there's a tag 60, which is the "Transaction Time", and its description is 'Time of execution/order creation (expressed in UTC (Universal Time Coordinated, also known as "GMT")'
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> I am wondering if the client system send in the same deal order (e.g. resend the deal order if the previous one not received), should the value of this tag 60 has the same value?
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> If yes, it could serve as the functional trade date (i.e. no matter how many times this deal order is resent, it has the identical date value).
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> Thanks for any comments.
Re: Trade Date of the New Order-Single
Jay Hurley / Morgan Stanley 12 Jul 2010 7:46AM ET
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