[This message was posted by Nick Nevens of SimCorp <[EMAIL PROTECTED]> to the "General Q/A" discussion forum at http://fixprotocol.org/discuss/22. You can reply to it on-line at http://fixprotocol.org/discuss/read/26e6dbb1 - PLEASE DO NOT REPLY BY MAIL.]
Hi Hanno, Thanks for the clear answer. I guess that when the broker sends back fills he also does not put the exchange on i? > There is a difference between tag 207 (SecurityExchange) and tag 100 > (ExDestination). Both fields are optional and do not need to be > specified. > > SecurityExchange is part of the Instrument component block and can be > used to identify the security, e.g. its primary listing place. > > ExDestination is not part of the Instrument component block but on the > root level of the message. It can be used to ask for a specific place of > execution. However, if it should be left up to the broker (best > execution service) then you should not have this field in the message. > This depends on the environment in which you are trading. > > Regards, Hanno. > > > I have 2 linked questions actually. First, is it necessary to add the > > exchange in the FIX message when sending an equity order to the > > broker? If yes, why, because it does not make sense to me, due to the > > fact that because of Best execution, the broker can choose the > > exchange, MTF or even dark pool? Is it maybe to identify the stock? [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 -~----------~----~----~----~------~----~------~--~---
