[This message was posted by Hanno Klein of Deutsche Börse Systems <[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/8e6e4ed8 - PLEASE DO NOT REPLY BY MAIL.]
I believe this is relevant in the exchange space and not covered by FIX so far. Who is entitled to such information in your case, only market surveillance or also all traders at a marketplace? An additional requirement I see is to inform a market maker that he is now the primary market maker in a security, e.g. due to an outage of the normal market maker. This is relevant for markets where there always has to be at least one active market maker or else the security has to be halted. Providing dynamic information about securities is normally done with the SecurityStatus message. The Parties block is not in there but would be able to convey one or more market makers. A sub-role field does not exist but might be required to distinguish primary from competing market makers. The PtysSubGrp could cover additional information like the side the market maker is on. I would see SecurityDefinition more for static information about securities that is not meant to change during a single business day (even though it can). The way you describe, it can go back and forth during the day just like the security trading status. The other requirement I mentioned above is different as it is a single (or at least very few) participant(s) who need(s) to be informed about an obligation to make markets. This seems to be better covered by the UserNotification message (extensions needed). Regards, Hanno. > Hello > > I am currently working on a market regulation feed based on FIX 5.0 SP2. > A requirement that recently came to light is the ability to know when a > market maker is participating and on what side (bid or offer). Here in > Canada market maker participation and on what side can change numerous > times throughout the day and our surveillance group needs to know the > status for each security. > > I'm curious if anyone else has dealt with this, and if so, what > message(s)/field(s) they use to convey this information. > > Thanks [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 -~----------~----~----~----~------~----~------~--~---
