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ECNs, Exchanges
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Re: CFICode acceptance
Jim Northey / The LaSalle Technology Group <>
2 Aug 2008 7:50PM ET> Can anyone comment on the general acceptance and usage by exchanges or
> other trading venues of the CFI Code as a means to identify security
> type? I have not seem this myself as a means of identification, at least
> in the U.S. exchanges. Thanks, Jim
Jim,
There is widescale adoption of CFICode in the clearing side of US listed derivatives (both futures and options). On the trading side there is adoption in the buy-side to brokerage space.
However, the requirement for CFICode and the premature obsolescence of PutOrCall and SecType=FUT, OPT have caused issues for firms wanting to move from FIX.4.2 to FIX.4.4
So we voted and approved reinstatement of PutOrCall(tag 201) and SecurityType(tag 167) = FUT, OPT for FIX.4.4. We have already added these back into FIX.5.0 (via Service Pack 1). We will be releasing a Repository maintenance release sometime in 2009 that will re-introduce these fields into FIX.4.4 as part of a very small errata.
Overall, you will find that even within the ISO standards that there is a move to take a step back from CFICode. We will continue to maintain it within FIX for supplemental identification, not primary identification.
Alas, there are enough firms that have implemented CFICode that the re-introduction will cause disruption and rework.
Re: CFICode acceptance
Jim Northey / The LaSalle Technology Group 2 Aug 2008 7:50PM ET
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