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ECNs, Exchanges
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Re: ClOrdID [11] value in trade capture reports
Natan Kugel / BGC Partners <>
22 Jul 2010 4:38PM ET The incentive is to come up with the best practice in regards to usage of ClOrdID [11] in trade Capture Reports.
The issue is described above, where there are at leat two approaches for populating ClOrdID in Trade Capture Reports.
1) Refer to ClOrdID [11] value in the matching Execution Reports
2) Refer to the current ClOrdID [11]
Each have pros and cons, as already outlined.
Note. The issue is unrelated to usage of OrdId [37], which is a valid reference. However, for all transactions related orders submitted electronically ClOrdId [11] must be provided - this is a principle that is used in trading. I will argue that this is a valid requirement in post trading.
Re: ClOrdID [11] value in trade capture reports
Natan Kugel / BGC Partners 22 Jul 2010 4:38PM ET
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