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FIA Extensions
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Identifying a downstream source of a trade
Jim Northey / Jordan and Jordan
26 Jul 2005 6:51PM ETWe would like to identify the downstream source of a trade capture report. There are four fields that can be used within the trade capture report (per the FIA extensions 1.1) to do this:
578 TradeInputSource N
579 TradeInputDevice N
821 OrderInputDevice N
TBD MessageEventSource N
What is meant by downstream source is the system from which the trade report is generated - such as in-house clearing system as opposed to an upstream source like the trading system in which the trade occurred.
Clearing House -> Clearing System at FCM / Broker Dealer -> Customer
The focus of this communication is the FCM / Broker Dealer to Customer interface.
Is it best to use MessageEventSource since the definition is as follows?
"Message Event Source used to identify the event or source which gave rise to a message"
It seems to me that if we were to use TradeInputSource or TradeInputDevice we could collide with content provided as part of the trade capture report coming from the upstream source.
Any suggestions or recommendations are appreciated.
Identifying a downstream source of a trade
Jim Northey / Jordan and Jordan 26 Jul 2005 6:51PM ET
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