|
Allocations
< Previous Next >
re: How widely used are allocations?
Jay Lee / Schwab Capital Markets, L.P.
13 Aug 2002 12:49PM ETAll,
Most US firms have long ago automated around Global Oasys (Omgeo). Oasys provides a single point of connectivity to all counterparties, but this is only an issue if the 2 counterparties are not already using FIX for the order & execution flow. These are 2 reasons why you will find that FIX allocations has more momentum outside the US than within the US. Most firms including US firms are choosing FIX allocations as the solution to do business in Europe & Asia where Oasys is not as deeply entrenched.
> Jem,
>
> Currently UBSW can accept a Fix Allocation message for the stage to identify the account splits. We have found this stage to be very important to our buy-side clients and have gone live with a number of large institutions.
>
> We are currently working on the use of the Fix Allocation message as a Confirm within the European Allocation model.
>
> As per Paul Scott's subsequent email, there is also the Working Group. As part of the working group, I have the action to co-ordinate and propose the Allocation Models for the next meeting.
>
> Happy to discuss.
> Alvin
> 020 7568 9617
>
>
>
> > I'm trying to get a feel for how many (sell side) institutions implement the 'allocations' portion of fix.
> >
> > If anybody can provide this i would be very gratefull.
> >
> > Would it be a fair assumption to make that if an institution has gone to the lengths of implementing FIX for Order/Execution flow then they would have implemented allocations 'as a metter of course'?
> >
> > Jem...
> >
> >
> >
>
re: How widely used are allocations?
Jay Lee / Schwab Capital Markets, L.P. 13 Aug 2002 12:49PM ET
|
