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4.0 Session
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Time zones & the spec
Davide Khalil
15 Sep 1997 8:06PM ETAll fields are specified in GMT in the FIX 4.0 specification but it does not specify daily reset criteria.
The daily reset of the FIX link theoretically also involves the End of Day processing which is based on Local time standards for clearing submission and such. With Daylight standard time, these processing times need to remain constant in the local time zone. To define the FIX connection reset times using GMT is not realistic.
The simple inclusion of an optional timezone related to each time field with the default being GMT would provide the flexibilty required by some users of FIX. Plus, the possibility for error when configuring many worldwide interfaces is much higher when the parties configure in GMT. To evidence this point, without referring to a map, what is the GMT offset of Sydney, Singapore, Moscow, Berlin, Anchorage and Sao Paulo.
Time zones & the spec
Davide Khalil 15 Sep 1997 8:06PM ET
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