[This message was posted by Scott Atwell of American Century Investments <[EMAIL PROTECTED]> to the "Allocations" discussion forum at http://fixprotocol.org/discuss/13. You can reply to it on-line at http://fixprotocol.org/discuss/read/1d09c28c - PLEASE DO NOT REPLY BY MAIL.]
> Hi Friends > > Query on Allocation: > > When and why are these tags used(if at all they are used) Tag > 366(AllocPrice) Tag 153(AllocAvgPx) > > Any help would be good. > > Thanks, Vishal Please refer to "Example Usage of Allocations and Ready-To-Book Messaging" in Volume 5 of the FIX spec (versions 4.3 and higher or "Appendix K" in version 4.2). In a nutshell, AllocPrice was added to support the Japanese practice and requirement of breaking down allocations by "executed price" and the example usage appendix illustrates this. AllocAvgPx supports the ability to express a different average price for some accounts vs. others (eg 1 portfolio may have created its order later and joined/participated in an active order later and thus not eligible to participate in the earlier trades and their prices). [You can unsubscribe from this discussion group by sending a message to mailto:[EMAIL PROTECTED] --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/FIX-Protocol?hl=en -~----------~----~----~----~------~----~------~--~---
