[This message was posted by Dean Kauffman of TradeWeb LLC <[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/142b4b61 - PLEASE DO NOT REPLY BY MAIL.]
New Order Multileg would be used if the legs are to be traded as a set with a unified priced. In FI that includes rolls & switches (2 legs), butterflies (3 legs) and spread-spread switches (4 legs). But New Order List would be used for a basket of securities or "bid list" to be priced and traded individually perhaps by different dealers when sent to an ATS. > Good point, I did not realize that this needs to be an atomic > transaction. Do not use NewOrderList in this case. > > > Switches/rolls/swaps, at least for fixed income use, are modeled > > using the New Order Multileg. Your "from" is your sell leg and your > > "to" is your buy leg of the order. Switches and rolls are common in > > FI as well. > > > > > How does SWITCH orders (SWITCH FROM and SWITCH TO) can be traded > > > in FIX > > > . This is related to Mutual and offshore fund orders. > > > > > > i.e SWITCH FROM equivalent to MT502 SWIF , SWITCH TO equivalent to > > > MT502 SWIT > > > > > > > > > > > > Please help us with an answer [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 -~----------~----~----~----~------~----~------~--~---
