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General Q/A
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re: how to determine Trader presence in FIX for real-time applications ?
john lukar / WebFinance Consulting
14 Oct 2002 3:24PM ET I underestand why this can be outside the scope of FIX.
I guess what I really would like to know is how are people handling this scenario ?
"need to know if trader(or assistant or trader rep) is logged in at client end of a Fix connection"
I know applications have have different requirments and everyone does it differently, but any insight into different ways of managing presence at the fix-gateway level would be great.
> While I've not seen this handled through FIX, I've never seen an investment bank turn away business because a trader is off the desk...
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> Although it might be an idea to add this to FIX, this is so dependent on the organisational structure (are traders members of desks, are traders covered by a secondary trader if off the desk? A third choice trader if the primary and secondary are off the desk?) that I cannot see that this is "Financial Information Exchange", it's more about coverage and structure.
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> As such, IMHO I don't think it's appropriate to add this to the FIX protocol.
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> Regards,
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> John
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> > apparently Fix does not spec. out how to determine if a Trader/User is on-line or not.(AFAIK)
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> > This can be vital information if your fix gateway wants to block sending out messages to your counter party, if the counter-party trader is not loggined into the trading application at the client end.
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> > Any one has to deal with this situation? How do you folks handle this?
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> > I realize presence is very application depenendant and every one does it differently but it would be nice to get a standard way of determining this for real-time order routing.
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> > regards
> > J.
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re: how to determine Trader presence in FIX for real-time applications ?
john lukar / WebFinance Consulting 14 Oct 2002 3:24PM ET
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