[This message was posted by Jim Northey of The LaSalle Technology Group 
<[email protected]> to the "US Regulations" discussion forum at 
http://fixprotocol.org/discuss/48. You can reply to it on-line at 
http://fixprotocol.org/discuss/read/00122bbd - PLEASE DO NOT REPLY BY MAIL.]

Tayloe Draughon, GDC Co-chair had us prepare this document to assist hte 
industry: 
http://fixprotocol.org/documents/4213/FIXImplementationGuide_USOptionsSymbology_v1.pdf

Regarding using 48 for the underlying security symbol - I have not seen that 
used widely for US listed derivatives markets.

> And of course MaturityDay(205) will also be required to identify the
> option. Provided you are using FIX 4.2.
> 
> If you are using 4.4 then you would append the maturity day to
> MaturityMonthYear giving it the format "YYYYMMDD" and not
> populate tag 205.
> 
> -Greg
> 
> > There will not be an enumerated value for the OSI option symbol for
> > use in tag 22. As of OSI (Feb 12) all options should be identified by
> > the 4 tags: Symbol(55), MaturityMonthYear(200), PutOrCall(201) and
> > StrikePrice(202). Please note that Symbol(55) should contain the root
> > option symbol which may be different than the underlying symbol. Tags
> > 22 and 48 are optional and will most likeley be ignored by your
> > counterparty. If you must use tags 22 and 48 for some reason, I would
> > set tag 22='8' to indicate exchange symbol and tag 48=the underlying
> > equity symbol. But as always, you should check with your
> > counterparties.
> >
> > -Greg


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