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re: International Security Indentification
Jian Lin / Shenzhen Prosperity Systems Co., Ltd.
30 Nov 2000 3:05AM ET Hi,
I've been watch this site for a while. Currently, my company is focused on securities market in China. FIX issue is also a hot topic in Chinese securities industry being considered as a kind of standard to follow. The discussion is headed by CSRC, China Securities Regulatory Committee.
I'm very interest to start to learn more about FIX and be one of guy in this party. Someone please help me out.
Jian Lin
Shenzhen Prosperity Systems Co., Ltd
Shenzhen China
86-13808806506
jlchina@21cn.com
> I am curious as to how other firms are (or will be) identifying international (non-US) securities when using the FIX protocol.
>
> Seeing that there is no standard for international ticker symbols, our plan is to primarily rely on a combination of SEDOL and ISO currency code.
>
> The currency code will be used as a backup, in case our, or our trading partner's, SEDOL is slightly mismatched. For example, Guiness PLC trades in London and Ireland. The London version has one SEDOL, and the Ireland version has another SEDOL. One possibility is that our security master file may have incorrectly mapped the Irish SEDOL for the London version of the security. Assuming we want to trade Guiness on the London exchange, we would have sent the incorrect SEDOL to our trading partner. By also sending the currency code (which is set up correctly), our trading partner would be alerted to the mismatch and would alert us.
>
> How are other firms handling international security identification? Are you using SEDOL, ISIN, CINS, etc? Are you using any ticker symbols (e.g. RIC-code?)
>
> --Rich Lerman
>
re: International Security Indentification
Jian Lin / Shenzhen Prosperity Systems Co., Ltd. 30 Nov 2000 3:05AM ET
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